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Alan Greenspan, who led the US Federal Reserve from 1987 to 2006 under four presidents, has died at 100. His tenure defined modern central banking but also drew lasting criticism for regulatory failures that contributed to the 2008 financial crisis.
President Trump named Kevin Warsh as his Federal Reserve Chair pick, calling him 'fantastic' and saying he wants Warsh to set interest rates without White House pressure. Warsh, a former Fed governor with hawkish inflation instincts, could keep borrowing costs higher for longer than markets expect.
The US added 115,000 jobs in April, beating expectations, with unemployment steady at 4.3 percent. But record-low consumer confidence signals households are increasingly worried about the outlook, which could dampen spending and pressure corporate earnings ahead.
Bank of America economists now expect the Federal Reserve to hold rates steady through 2025 and 2026, with the first cut not coming until 2027. The forecast, driven by a hawkish Fed stance and sticky inflation, would keep borrowing costs high for mortgages, business loans, and consumer credit far longer than markets
A strong U.S. jobs report has further narrowed the Federal Reserve's case for cutting interest rates, with inflation still above its 2% target. Borrowers face a longer wait for relief on mortgages, credit cards, and loans as the Fed is likely to hold rates steady.
The U.S. economy added 115,000 jobs in April, with unemployment at 4.3%, as geopolitical tensions with Iran clouded the outlook. The soft hiring pace puts pressure on the Federal Reserve to weigh whether rate cuts are needed to sustain growth.
U.S. gasoline prices have surpassed $4.50 a gallon, the highest level since 2022. That adds direct cost pressure on household budgets and could push broader inflation higher through rising transport and logistics expenses.
Cleveland Fed President Beth Hammack said interest rates will stay on hold for an extended period, citing high economic uncertainty and a risk that an "inflationary mindset" becomes entrenched after five years of sharp price increases.
The April U.S. jobs report releases Friday, with markets expecting a labor market that is slowing but still stable. The data will directly shape expectations for Federal Reserve rate cuts and offer a read on how hiring has held up amid tariff pressures.
U.S. job creation dropped to 189,000, the lowest level since the 1960s, catching markets and financial media off guard. The reading significantly increases pressure on the Federal Reserve to consider cutting interest rates sooner than expected.
The U.S. economy expanded at a 2% annualized rate in the first quarter of 2025, a step down from recent growth levels. Rising tensions with Iran threaten to push oil prices higher, which could drag on consumer spending and business costs in the months ahead.
The US Federal Reserve is expected to keep interest rates unchanged at today's policy meeting, with inflation risks from geopolitical conflict complicating any move toward cuts. Growth forecasts for the US economy have been revised lower. Markets will parse the Fed's statement for clues on when rate cuts could begin.
Economists warn that the US-Iran war will keep gas and grocery prices high through 2026. The conflict threatens shipping through the Strait of Hormuz, a chokepoint for roughly 20% of global oil supply. Higher fuel costs ripple into food prices over the following months.
JPMorgan Chase CEO Jamie Dimon warned that the U.S. economy faces an increasingly complex set of risks and cautioned Americans against complacency. The alert from the head of the largest U.S. bank carries particular weight for credit markets, lending conditions, and investor sentiment.
The Federal Reserve's Beige Book reports that the conflict involving Iran is putting U.S. businesses on edge, signaling rising geopolitical uncertainty across the Fed's regional districts. Beige Book sentiment shifts often precede changes in capital spending, hiring, and investment decisions that later appear in hard
JPMorgan CEO Jamie Dimon said US consumers have not fallen off a cliff despite gasoline prices at $4 per gallon. The assessment matters because JPMorgan's transaction-level data gives the bank a direct read on household spending, making Dimon's view a leading signal for consumer health debates.
Tag
Alan Greenspan, who led the US Federal Reserve from 1987 to 2006 under four presidents, has died at 100. His tenure defined modern central banking but also drew lasting criticism for regulatory failures that contributed to the 2008 financial crisis.
7d ago · 3 min · Global Affairs
President Trump named Kevin Warsh as his Federal Reserve Chair pick, calling him 'fantastic' and saying he wants Warsh to set interest rates without White House pressure. Warsh, a former Fed governor with hawkish inflation instincts, could keep borrowing costs higher for longer than markets expect.
21d ago · 3 min · Economy
The US added 115,000 jobs in April, beating expectations, with unemployment steady at 4.3 percent. But record-low consumer confidence signals households are increasingly worried about the outlook, which could dampen spending and pressure corporate earnings ahead.
1mo ago · 2 min · Economy
Bank of America economists now expect the Federal Reserve to hold rates steady through 2025 and 2026, with the first cut not coming until 2027. The forecast, driven by a hawkish Fed stance and sticky inflation, would keep borrowing costs high for mortgages, business loans, and consumer credit far longer than markets
1mo ago · 2 min · Economy
A strong U.S. jobs report has further narrowed the Federal Reserve's case for cutting interest rates, with inflation still above its 2% target. Borrowers face a longer wait for relief on mortgages, credit cards, and loans as the Fed is likely to hold rates steady.
1mo ago · 3 min · Economy
The U.S. economy added 115,000 jobs in April, with unemployment at 4.3%, as geopolitical tensions with Iran clouded the outlook. The soft hiring pace puts pressure on the Federal Reserve to weigh whether rate cuts are needed to sustain growth.
1mo ago · 2 min · Economy
U.S. gasoline prices have surpassed $4.50 a gallon, the highest level since 2022. That adds direct cost pressure on household budgets and could push broader inflation higher through rising transport and logistics expenses.
1mo ago · 2 min · Economy
Cleveland Fed President Beth Hammack said interest rates will stay on hold for an extended period, citing high economic uncertainty and a risk that an "inflationary mindset" becomes entrenched after five years of sharp price increases.
1mo ago · 2 min · Economy
The April U.S. jobs report releases Friday, with markets expecting a labor market that is slowing but still stable. The data will directly shape expectations for Federal Reserve rate cuts and offer a read on how hiring has held up amid tariff pressures.
1mo ago · 2 min · Economy
U.S. job creation dropped to 189,000, the lowest level since the 1960s, catching markets and financial media off guard. The reading significantly increases pressure on the Federal Reserve to consider cutting interest rates sooner than expected.
1mo ago · 2 min · Economy
The U.S. economy expanded at a 2% annualized rate in the first quarter of 2025, a step down from recent growth levels. Rising tensions with Iran threaten to push oil prices higher, which could drag on consumer spending and business costs in the months ahead.
2mo ago · 1 min · Economy
The US Federal Reserve is expected to keep interest rates unchanged at today's policy meeting, with inflation risks from geopolitical conflict complicating any move toward cuts. Growth forecasts for the US economy have been revised lower. Markets will parse the Fed's statement for clues on when rate cuts could begin.
2mo ago · 1 min · Markets
Economists warn that the US-Iran war will keep gas and grocery prices high through 2026. The conflict threatens shipping through the Strait of Hormuz, a chokepoint for roughly 20% of global oil supply. Higher fuel costs ripple into food prices over the following months.
2mo ago · 1 min · Economy
JPMorgan Chase CEO Jamie Dimon warned that the U.S. economy faces an increasingly complex set of risks and cautioned Americans against complacency. The alert from the head of the largest U.S. bank carries particular weight for credit markets, lending conditions, and investor sentiment.
2mo ago · 1 min · Economy
The Federal Reserve's Beige Book reports that the conflict involving Iran is putting U.S. businesses on edge, signaling rising geopolitical uncertainty across the Fed's regional districts. Beige Book sentiment shifts often precede changes in capital spending, hiring, and investment decisions that later appear in hard
2mo ago · 1 min · Economy
JPMorgan CEO Jamie Dimon said US consumers have not fallen off a cliff despite gasoline prices at $4 per gallon. The assessment matters because JPMorgan's transaction-level data gives the bank a direct read on household spending, making Dimon's view a leading signal for consumer health debates.
2mo ago · 1 min · Economy
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