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News
America In Focus: key inflation gauge remains high; Fed's Warsh signals rate hikes may be needed
1+ hour, 57+ min ago (94+ words) The Washington Post An inflation measure closely watched by the Federal Reserve stayed elevated last month in the latest sign that many Americans are still struggling with higher costs The economy, inflation and how those forces could impact the lives…...
Warsh raises stakes for Fed's next meeting and other takeaways from Jackson Hole conference
1+ hour, 37+ min ago (129+ words) The Washington Post Federal Reserve Chair Kevin Warsh provided his most detailed insights yet on how he views the central bank’s fight against inflation in a high-profile speech an at annual economic conference in Jackson Hole Friday WASHINGTON — Federal Reserve…...
Wall Street week ahead: The market eyes the monthly jobs report
8+ hour, 6+ min ago (75+ words) The Washington Post NEW YORK — Wall Street will get several important updates this week about the health of the U.S. jobs market. On Tuesday, the U.S. will release its July report focusing on job openings and turnover. It provides details…...
The Fed confronts a powerful new economic force
7+ hour, 5+ min ago (69+ words) The Washington Post Officials at the country’s top financial institution regularly debate the effect of artificial intelligence on the U.S. economy, a Washington Post analysis found. Federal Reserve Chair Kevin Warsh promised to bust inflation in his first major speech…...
Tracking Trump: Fed chair focuses on prices; job growth revised down; Trump wants ranchers to process their own meat; and more
18+ hour, 27+ min ago (38+ words) The Washington Post The Federal Reserve chair said the bank ‘has more work to do’ on inflation....
Fed Chair Warsh signals rate hikes may be needed with US inflation stubbornly elevated
23+ hour, 15+ min ago (89+ words) Federal Reserve Chair Kevin Warsh says inflation is still too high and suggested the central bank may have to raise interest rates in the coming months to bring it down, a clearer signal than he has sent before about his…...
Fed chair Kevin Warsh, worried about inflation, offers scant clarity on next move
1+ day, 2+ hour ago (124+ words) Breaking news and analysis on politics, business, world, national news, entertainment and more. In-depth DC, Virginia, Maryland news coverage including traffic, weather, crime, education, restaurant reviews and more. In a much-anticipated speech, Warsh doubled down on his controversial strategy of…...
Consumer spending cools as inflation continues to weigh on Americans
3+ day, 7+ min ago (96+ words) The Washington Post Consumer spending rose by 0.2 percent in July, which was down a smidge from 0.3 percent growth a month earlier. Americans pulled back on spending in July, as inflation continued to weigh on the economy, according to new data…...
Key inflation gauge remains elevated during Iran conflict and ongoing US trade fights
3+ day, 7+ min ago (99+ words) The Washington Post WASHINGTON — An inflation measure closely watched by the Federal Reserve stayed elevated last month in the latest sign that many Americans are still struggling with higher costs. Stubbornly high prices are shaping up to be a key…...
US economy expanded at sluggish 1.5% pace in second quarter, on par with earlier estimate
3+ day, 1+ hour ago (75+ words) The Washington Post WASHINGTON — The U.S. economy grew at a sluggish 1.5% pace from April through June. But consumer spending stayed strong. Growth in gross domestic product — the nation’s output of a goods and services — decelerated from a 2.1% pace from January…...