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Crain's Cleveland Business1h
Flock of Fed officials, including Cleveland's Beth Hammack, show no eagerness to consider rate cuts
“I am usually inclined to take action; but in this case, taking no action may be the best choice to balance the risks coming ...
CPI report: Trump's tariffs earn some points for slowing - yes, slowing - inflation. How?
An inflation slowdown in this week's CPI report may be partly caused by an unlikely factor: tariffs. They're pushing down prices by dampening demand ...
China Trade Deal Sends Markets Soaring as Inflation Data Arrives This Week
The weekend deal adds to the sense that President Donald Trump may be backing off some of the more stringent trade tariffs.
Federal Reserve official sees signs of slowing economy but not ready to cut rates
A top Federal Reserve official said Friday that massive uncertainty created by President Donald Trump's tariffs has caused ...
Fed Officials Stick to Cautious Message on Rate Cuts Despite Pressure From Trump
Jerome H. Powell, chair of the Federal Reserve, has made clear that pre-emptive interest rate cuts are not appropriate for ...
Fed Holds Rates Steady, Warns of Higher Unemployment and Inflation
The Fed operates with a dual mandate of keeping the labor market healthy while maintaining stable prices. At the moment, the ...
Inflation gauge favored by Fed showed price growth slowed in March
The Fed's preferred inflation gauge showed price growth slowed in March, as the personal consumption expenditures (PCE) index ...
Trump just said there's 'no inflation' in the US. But it's still higher than what the Fed wants.
Trump has argued that inflation is down before. While it's steadily ebbed in recent years, prices are still rising faster ...
New York Fed Survey Finds Consumers Ambivalent on Inflation Outlook
Consumers sent mixed signals about their inflation expectations in the New York Fed’s April survey. But the poll showed no ...
Powell says Fed can wait to lower interest rates again. But will it wait too long?
Jerome Powell said the Federal Reserve can wait to see which effect from Trump's tariffs is worse - high inflation or a weak ...