The Fed's rate decision shows its focus has shifted from inflation to the labor market
"The Fed is more worried about the labor market and less concerned about inflation at this point," a Glenmede analyst said.
The New York Times1d
Inflation Is Ebbing. Now the Fed Must Protect Jobs.
For the last three years, the Federal Reserve has been fighting to bring inflation down. Now it has boldly moved to protect ...
ABC News16h
Biden says Fed made 'declaration of progress' with interest rate cut
President Joe Biden is celebrating the Federal Reserve’s decision to lower interest rates by saying it shows that inflation ...
Fed Officials See Cooler Inflation Ahead This Year
Federal Reserve officials believe that inflation will cool faster than previously expected this year. In the summary of ...
syracuse.com21h
Fed signals end to inflation fight with a sizable half-point rate cut
Inflation has tumbled from a peak of 9.1% in mid-2022 to a three-year low of 2.5% in August, not far above the Fed’s 2% ...
The Economist2d
What is the Fed’s preferred inflation measure?
Both CPI and PCE inflation are calculated by tracking the prices of a representative sample of goods and services, often ...
The San Bernardino Sun1d
Is inflation cured? Fed’s giant rate cut turns focus to cooling job market
You might recall that in March 2022, the Fed began a battle against four-decades-high inflation with pricier financing.
Morningstar2d
Fed Rate Cut Shows the Main Battle Against Inflation Has Been Won
The Fed’s decision Wednesday implies that the main battle against high inflation has been won, and all that’s left is ...
Fed Officials Forecast Higher Unemployment, Lower Inflation Than Three Months Ago
Federal Reserve officials signaled that unemployment might climb slightly higher by the end of the year. In their quarterly ...
The Fed says its long-awaited rate cut is apolitical, even close to the presidential election
The Federal Reserve’s first key interest rate cut in four years coincides with another major four-year event: the homestretch of the presidential election. Fed Chair Jerome Powell downplayed the ...