A key economic measure from the Federal Reserve showed on Friday that inflation fell to its lowest annual level in more than three years in May. According to a Commerce Department report, the core price index for personal consumption expenditures rose just 0.1% on a seasonally adjusted basis this month, 2.6% higher than a year…
Federal Reserve officials left interest rates unchanged at their June meeting on Wednesday and forecast they will cut borrowing costs just once before the end of 2024. While the Fed was expected to leave interest rates unchanged, its forecasts for where interest rates might move surprised many economists. When Fed officials last released quarterly economic…
People walk in the rain across London Bridge in central London. Picture date: Tuesday March 12, 2024. Lucy North – Pa Pictures | Pa Pictures | Getty Images Britain’s “sluggish” growth prospects are on track to be the worst-performing economy of any developed nation next year, according to new forecasts from the Organization for Economic…
Federal Reserve officials have strongly advocated for their separation from politics, but the presidential election is putting the institution on a crash course with partisan infighting. Fed officials set policy independently of the White House, meaning that while presidents can push for lower interest rates, they cannot force central bankers to lower borrowing costs. Congress…
