June Fed rate hike odds just surpassed rate cut odds as stagflation fears grow
The war in Iran has sent energy prices soaring, stoking inflation fears that could undercut President Donald Trump’s…
Jerome Powell says U.S. economy is ‘amazing’—but admits ‘we just don’t know’ about Iran
Jerome Powell struck a surprisingly upbeat tone on Wednesday, calling the U.S. economy “amazing to see” after years…
Fed rate cuts: Inflation, job reports make cuts under Powell unlikely
One could argue that last week’s surprisingly robust jobs report has made Jerome Powell’s job harder, as it…
Powell cuts rates in the dark in historic move, with no jobs data and Trump heckling from abroad
The Federal Reserve lowered its benchmark interest rate by a quarter of a percentage point on Wednesday, a…