Retail Sales Jump Counters Recession Fears
Sales increased 0.7% in July, "a reassuring sign for a U.S. economy that’s facing mounting hurdles."
Core CPI Rises 0.3% for Second Straight Month
The July inflation readings reduce "the chances that the U.S. central bank would cut rates by half a percentage point" in September.
Fed Unveils Plan for Real-Time Payments System
The central bank will develop the FedNow service itself rather than defer to the private sector.
U.S. Housing Starts Decline in June
The housing market continues to struggle despite lower mortgage rates.
U.S. Producer Prices Rise 0.1% in June
The tepid gain in the PPE points to “relatively subdued inflation, as most of the increase was driven by volatile categories of goods and services.”
Core Inflation Posts Biggest Jump in 17 Months
The pick-up in underlying inflation in June "argues against aggressive monetary stimulus from the central bank," an economist says.
Fed Chair Powell Signals a Rate Cut is Coming
In Powell’s testimony to Congress, he said ‘crosscurrents’ have been weighing on economic activity and the central bank will ‘act as appropriate.’
Trump to Nominate Judy Shelton and Christopher Waller to Fed
The new nominations come after Trump’s previous nominees, Stephen Moore and Herman Cain, both withdrew from consideration.
The Reason the Fed May Need to Cut Interest Rates This Year
The "real" economy won't benefit much from a rate reduction, but the Federal Open Market Committee may have other things on its mind.
U.S. Inflation Picks Up the Most in 15 Months
Deceleration in consumer spending is expected to curb the increase and keep interest rates unchanged.
Banks Ease Terms on Business Loans in Q1
A Fed survey finds banks were encouraged to ease terms on C&I loans by "a more favorable or less uncertain economic outlook."