U.S. economy adds 50,000 jobs in December
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A jobs report to be released on Friday will provide a key gauge of the health of the U.S. economy as the Federal Reserve slashes interest rates in an effort to revive an ailing labor market. The fresh data comes two weeks after a blockbuster report on economic growth appeared to rebuke worries about the wider economy.
1don MSN
Federal Reserve split deepens as Miran calls for jumbo 1.5-percentage-point interest-rate cut
WASHINGTON (AP) — The Federal Reserve is expected to cut short-term rates in 2026, with its key interest rate settling at 3.4% towards the end of President Donald Trump 's term in office in 2028, according to a new report released Thursday by the nonpartisan Congressional Budget Office.
The divergence of opinion on the future of monetary policy is likely to only grow in 2026 as Fed Chairman Jerome Powell reaches the end of his leadership in May. Powell could decide to stay on as a governor, but he has given no indication he would do so and he is a frequent target of criticism from President Donald Trump.
Officials at the central bank have splintered over whether rising unemployment or elevated inflation poses the bigger economic risk.
WASHINGTON — A policy divide within the central bank and a lack of federal government data may put another interest rate cut out of reach this year, Federal Reserve Chair Jerome Powell said on Wednesday, as he acknowledged the threats that officials see ...
Everything Americans thought they knew about personal finance was upended when the Federal Reserve started aggressively hiking interest rates to cool post-pandemic inflation. After more than a decade of ultralow rates,
If the president had gotten his way, inflation would surely be rocketing again, the economy would be overheating and the Fed would have to raise short-term rates again Fed Chair Jerome Powell refused to bow to the president's pressure to slash short-term ...
Federal Reserve Chair Jerome Powell again signaled growing concern about a softening labor market, but did not indicate whether the central bank would continue to lower interest rates to spur the labor market in its coming meetings. In a speech Tuesday at ...
He claimed that Powell’s renovation of Fed headquarters near the National Mall is over-budget by roughly $1.5 billion.
Redfin, a Seattle, Washington-based real estate giant, forecasts average 30-year fixed mortgage rates will remain in the low 6% range for most of 2026. "Mortgage rates will continue their slow slide but remain high relative to the pandemic era," Redfin said last month.
Jay Powell will be remembered for many things, not least for being the Federal Reserve chair who presided over the return of inflation. But his legacy may be defined by something else: becoming a sharp example of Donald Trump’s habit of tagging ...
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