Fed to Cut Rates Again This Year, S&P Predicts
Another cut in December is "contingent upon an escalation in trade tensions, further weakness in global growth, and increased geopolitical tensions."
Powell Says Fed Grappling With Trade Uncertainty
“There are no recent precedents to guide any policy response to the current situation," the Federal Reserve chairman warns.
Banks Tend to See a Bright 12 Months Coming
They're particularly cheerful about the outlook for funding costs, given the recent cut in interest rates.
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.
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.’
ECB Leaves Rates Unchanged, Hints at Easing
Amid "pervasive uncertainty" over trade, "the ECB and the U.S. Federal Reserve appear to have given up on plans to tighten [monetary] policy."
Sanders, AOC Call for Cap on Credit Card Rates
The high-profile lawmakers say a 15% cap is needed to protect consumers from the "economic brutality" of big banks.