Trump administration, Musk's DOGE plan to fire nearly all CFPB staff and wind down agency, employees say
In a trove of statements released late Thursday, federal employees said that the mass layoff was discussed in meetings they ...
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Tariff threats and uncertainty could weigh on consumers, drag down US economy, gov't report suggests
Ongoing tariff threats from Washington and potentially sweeping government job cuts have darkened consumers’ mood and may be weighing on an otherwise mostly healthy economy ...
More Information On The Gloomy American Consumer
Many Americans remain gloomy due to rising income and wealth inequality, despite a solid economy and low unemployment. Read ...
January PCE inflation rose 0.3% for annual rate of 2.5%, meeting Dow Jones expectations
Personal consumption expenditures inflation rose 0.3% in January for an annual rate of 2.5%, the Bureau of Economic Analysis ...
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US Fed's favored inflation gauge cooled slightly in January
The Federal Reserve's preferred inflation measure cooled slightly in January, according to government data published Friday, ...
January inflation eases in Fed’s preferred measure
Inflation in the Federal Reserve’s preferred price gauge eased in January after making steady increases throughout the fall.
Exclusive: Fed's Hammack eyes steady balance sheet cuts amid US government financial uncertainty
Federal Reserve Bank of Cleveland President Beth Hammack reckons the U.S. central bank can keep steadily shrinking its balance sheet through a period of uncertain government finances, while noting she ...
US consumers cut spending in January more drastically than at any point in the last four years
Americans cut their spending by 0.2% in January from the previous month, the Commerce Department said Friday, possibly ...
Trump has a path to killing the Fed’s independence — if he wants to try it
Donald Trump has made it clear he wants a say on setting interest rates—and that he wants borrowing costs to come down. He’s ...
NY Fed President on Inflation, the Economy, and Interest Rates
John Williams, the president of the Federal Reserve Bank of New York, also spoke about the gold vault underneath the building ...
Opinion: U.S. economy on a bumpy road to recovery
With the promise of spending cuts, regulatory and tax reform, the U.S. economy is staged for economic growth and higher ...
Cleveland Fed’s Hammack Advocates Patience on Further Cuts
Federal Reserve Bank of Cleveland President Beth Hammack says the Fed should continue to be cautious with further ...