By Maria Eloisa Capurro and Amara Omeokwe Federal Reserve Governor Lisa Cook called the July jobs report “concerning,” and said it could signal an inflection point for the US economy. “These revisions are somewhat typical of turning points,” Cook said Wednesday during a moderated discussion organized by the Boston Fed. Data published last week pointed to a sharp […]
by Bill Pastuszek In reviewing the year so far, what are some of the factors that are influencing markets? For commercial real estate (CRE), what are some signposts that may help to understand what is in the offing? How is New England doing compared to other markets? First, the Fed. The “benchmark” federal funds rate sank […]
By Vince Golle and Craig Stirling The Federal Reserve’s favored inflation yardsticks are poised to show the tamest monthly advances since late last year — a stepping stone for officials to begin lowering interest rates, possibly as soon as September. Economists expect no change in the May personal consumption expenditures price index and a minimal 0.1% gain in the core measure that excludes […]
By Nick Timiraos The Federal Reserve voted to lower interest rates by a half percentage point, opting for a bolder start in making its first reduction since 2020. The long-anticipated pivot followed an all-out fight against inflation the central bank launched two years ago. Eleven of 12 Fed voters backed the cut, which will bring the […]
Inflation slowed down on an annual basis in August, with the Consumer Price Index rising by 2.5 percent compared to a year ago. This is a noticeable drop from July’s 2.9 percent and a significant decline from the peak of 9.1 percent seen in 2022. Next week, Federal Reserve officials are expected to lower interest […]
By Viktoria Dendrinou and Christopher Condon US Treasury Secretary Janet Yellen said it’s “unlikely” that market interest rates will return to levels that prevailed before the Covid-19 pandemic triggered a wave of inflation and higher yields. Asked why White House projections released Monday showed markedly higher expectations for interest rates in coming years compared with projections a year ago, Yellen said the new numbers […]
By David J. Lynch As the Rockettes high-kicked their way to a record box office for the annual “Christmas Spectacular” at New York’s Radio City Music Hall, they were doing more than just entertaining. They were also showing the limits of the Federal Reserve’s power over the economy. If the Fed’s interest rate increases had worked after the […]
By Jeanna Smialek Federal Reserve officials held interest rates at their highest level in more than two decades at their first meeting of 2024 and hinted that their next move will be to lower borrowing costs — even as policymakers made clear they are not yet ready to make that cut. Jerome H. Powell, the […]
By Rachel Siegel and Jeff Stein After two years of relentless pressureover everything from sky-high inflation to a looming recession, the head of the Federal Reserve was asked this month what he does for fun. “For me, a big, big party — and I mean, this is really as fun as it gets — is a really […]
By Jeanna Smialek Federal Reserve officials left interest rates unchanged in their final policy decision of 2023 and forecast that they will cut borrowing costs three times in the coming year, a sign that the central bank is shifting toward the next phase in its fight against rapid inflation. Interest rates are now set to a range […]
