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Despite frustration over high prices, Federal Reserve is expected to keep rates unchanged -- for now

Despite frustration over high prices, Federal Reserve is expected to keep rates unchanged -- for now

Federal Reserve policymakers are losing patience with inflation, which has been stuck above their 2% target for more than five years

Consumers, AI spending likely supported US economic growth in the second quarter

Consumers, AI spending likely supported US economic growth in the second quarter

By Lucia Mutikani WASHINGTON, July 30 (Reuters) - The U.S. economy likely maintained a steady pace of growth in the second quarter, supported by stronger consumer spending and robust business investment in equipment tied to the buildout of artificial intelligence infrastructure.

The Federal Reserve is expected to keep rates unchanged for now despite high prices

The Federal Reserve is expected to keep rates unchanged for now despite high prices

Federal Reserve policymakers are losing patience with inflation, which has been stuck above their 2% target for more than five years

Federal Reserve policymakers vote 9-3 to leave key rate unchanged despite high prices -- for now

Federal Reserve policymakers vote 9-3 to leave key rate unchanged despite high prices -- for now

The Federal Reserve left its key interest rate unchanged Wednesday despite persistently high inflation and a spike in energy prices caused by the Iran war

President Trump Criticizes Fed Officials, Calls for Lower Interest Rates

President Trump Criticizes Fed Officials, Calls for Lower Interest Rates

President Donald Trump has expressed support for Federal Reserve Chairman Kevin Warsh while criticizing other Fed officials for their reluctance to lower interest rates. Trump described Warsh as 'fantastic' but accused other board members of being politically motivated and having 'bad intentions.' The comments come ahead of the Federal Open Market Committee's upcoming interest rate decision, with Trump advocating for the U.S. to have the lowest interest rates globally. The Fed's current benchmark rate is between 3.5% and 3.75%, higher than several other major economies.

Federal Reserve votes 9-3 to leave key rate unchanged despite persistently high inflation

Federal Reserve votes 9-3 to leave key rate unchanged despite persistently high inflation

The Federal Reserve left its key interest rate unchanged Wednesday despite persistently high inflation and a spike in energy prices caused by the Iran war

Federal Reserve Maintains Interest Rates Amid Inflation Concerns and Geopolitical Tensions

Federal Reserve Maintains Interest Rates Amid Inflation Concerns and Geopolitical Tensions

Federal Reserve Maintains Interest Rates Amid Inflation Concerns and Geopolitical Tensions

US filings for jobless benefits rise to 197,000 last week, but layoffs remain historically low

US filings for jobless benefits rise to 197,000 last week, but layoffs remain historically low

The number of Americans applying for unemployment benefits rose last week but layoffs remain in the historically healthy range of the past few years

Fed interest-rate decision rocks Wall Street's inflation fears

Fed interest-rate decision rocks Wall Street's inflation fears

The Federal Reserve’s July policymaking meeting ended with no interest-rate hikes nor forward guidance but with a boatload of Fed speak and word salad. Kevin Warsh insisted the Fed will still be able to lower inflation to its 2% target — a measure it has missed for five years — but didn’t say ...

Fed leaves interest rate unchanged but with 3 dissents as Warsh praises 'good family fight'

Fed leaves interest rate unchanged but with 3 dissents as Warsh praises 'good family fight'

The Federal Reserve left its key interest rate unchanged Wednesday despite persistently high inflation and a spike in energy prices caused by the Iran war

US core capital goods orders rise, shipments post largest gain in 4-1/2 years amid AI investment boom

US core capital goods orders rise, shipments post largest gain in 4-1/2 years amid AI investment boom

By Lucia Mutikani WASHINGTON, July 27 (Reuters) - New orders for key U.S.-manufactured capital goods increased strongly in June while shipments surged by the most in 4-1/2 years as businesses ramped up spending on artificial intelligence, suggesting the economy maintained a fairly strong pace of

Inflation sparks Fed interest-rate debate as July decision looms

Inflation sparks Fed interest-rate debate as July decision looms

Will the Federal Reserve cut interest rates at its July meeting this week? As economic jitters shake up kitchen tables and investment portfolios across America, Kevin Warsh gets a chance to act on his commitment that managing inflation is the Fed's top priority. The consensus prediction among many ...