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Everyday Economics: The Fed's balancing act: Why this week matters more than you think
The latest PCE inflation reading came in at 2.1% in April, well below the Fed's March projection of 2.7% for 2025. Core PCE inflation, the Fed's preferred measure, sits at 2.5% – also below their 2.8% ...
Trump eyes Cabinet member to replace 'Mr Too Late' Powell at the Fed: report
Trump is reportedly considering Treasury Secretary Scott Bessent among top contenders to replace Fed Chair Jerome Powell, who he has criticized over interest rates.
Federal Reserve Watch: Looming Conflict
M2 money stock has plateaued since April 2022, with excess liquidity idling in the banking system. Find out the impact of M2 ...
Why the Fed and ECB are no longer on the same page
Central bank benchmark borrowing costs are now more than 2 percentage points lower in Europe than the US, a divide that has ...
Bessent emerges as possible contender to succeed Fed's Powell, Bloomberg reports
U.S. Treasury Secretary Scott Bessent has emerged as a possible candidate to succeed Federal Reserve Chair Jerome Powell, ...
The situation in the Middle East is a ‘major wild card’ for the Fed, former Powell advisor says
Jon Faust, who advised three Fed chairs, doesn’t see an interest-rate cut until December — an even then, the odds of a move ...
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May CPI Ratchets Up Pressure on Fed to Return to Inflation
Pressure on the Fed to trim interest rates is growing. In other words, the perception that the inflation problem is solved is ...