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Fed cut seen near certain after inflation data, Bessent comments
The likelihood of a Federal Reserve rate cut in September is now seen near 100% after new data showed U.S. inflation increasing at a moderate pace in July and Treasury Secretary Scott Bessent said he thought an aggressive half-point cut was possible given recent weak employment numbers.
Federal Reserve Bank of Richmond President Tom Barkin said uncertainty over the direction of the US economy is decreasing, ...
If we look at job openings as a proxy for demand and unemployed persons as a proxy for supply, the jobs market is more or ...
Federal Reserve Governor Lisa Cook said the significant downward revisions to the monthly jobs numbers could point to an ...
Former St. Louis Federal Reserve Bank President James Bullard on Tuesday said he spoke with U.S. Treasury Secretary Scott ...
The Texas economy is showing signs of slowing down, a report out of the Dallas Federal Reserve showed. The latest data shows ...
San Francisco Federal Reserve president Mary Daly said Wednesday that the Federal Reserve will likely need to lower rates in ...
Federal Reserve Governor Lisa Cook said on Wednesday that July hiring data released last Friday was “concerning” in the ...
But like so much in President Donald Trump's second administration, this time is different. Trump has selected E.J. Antoni, ...
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