WASHINGTON >> Federal Reserve Chair Jerome Powell cautioned today that persistently elevated inflation will likely delay any Fed interest rate cuts until later this year, opening the door to a period of higher-for-longer rates.
U.S. economic growth in the first quarter fell below the Federal Reserve's estimates of the economy's long-run potential for the first time in nearly two years, but the signs of slowing were accompanied with fast inflation that, if sustained, would pose a particular dilemma for the central bank.
Ottawa County sheriff’s deputies were called to West Ottawa High School near Holland Friday morning after the school received a threatening phone call.
Federal Reserve Chair Jerome Powell signaled policymakers will wait longer
Federal Reserve Chair Jerome Powell signaled policymakers will wait longer
Federal Reserve Chair Jerome Powell signaled policymakers will wait longer
Federal Reserve Chair Jerome Powell signaled policymakers will wait longer than previously anticipated to cut interest rates following a series of surprisingly high inflation readings.
Sustained high levels of energy and commodity prices could drive global inflation upwards, the World Bank has warned today.
The increase will take effect on July 1, the first time since 2000 that pensions in Europe's biggest economy have risen by more than the annual inflation rate.
Germany’s Cabinet on Wednesday approved a 4.57% rise in retirees’ pensions from this summer, well above the current rate of inflation.
Many laborers are switching to cassava farms or leaving the country for higher-paying jobs in Thailand.
Federal Reserve chair Jerome Powell on Tuesday suggested that interest rate