Higher inflation and rising wages suggest that the country’s economy can grow without such aggressive stimulus from the central bank.
Policy
One could be forgiven for thinking that President Biden’s tough words on the Israel-Hamas war in his State of the…
Jerome H. Powell, chair of the Federal Reserve, said policymakers still expect to lower rates in 2024 — but the…
The Federal Reserve is poised to cut rates in 2024 while moving away from balance sheet shrinking. Yet a key…
Central bankers wanted to signal that interest rates were likely at or near their peak while keeping their options open,…
The document codifies procedures for U.S. combat but does not address operations the United States supports through military aid alone.
But leaders of both parties cited steady progress on a package tying Ukraine military assistance to tougher border policies and…
After a settlement of a lawsuit, Genworth, the biggest holder of the policies, said customers could get reduced benefits or…
Although the inflation rate has fallen to 2.4 percent, the bank said economic growth was expected to remain “subdued” in…
Stocks and bonds were buoyed after even inflation-focused Federal Reserve officials suggested that rates may stay steady.