Powell faces economic crossroads in Jackson Hole speech
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Federal Reserve policymakers will be debating whether stubborn inflation or slower hiring is the bigger problem for the economy as they prepare for an annual conference in Jackson, Wyoming, next week and a crucial policy meeting in September.
2hon MSN
Hassett likely to be Trump's pick for Fed chief, though Warsh is more qualified, CNBC survey finds
President Donald Trump will tap his top economic advisor Kevin Hassett to be the next Fed chair, according to respondents to a special Jackson Hole Edition of the CNBC Fed Survey. But when asked who the president should pick, Hassett ranked a more distant fourth.
After somewhat positive inflation data in July, the chances of the Federal Reserve cutting interest rates in September are at roughly 83%, according to CME Group 's FedWatch tool calculations on Aug. 18. One month earlier, roughly 59% of traders betting on changes in the federal funds rate thought an interest rate cut would occur in September.
U.S. stocks closed a listless day nearly flat as investors wait for key retail earnings and an annual Fed conference for direction this week.
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Americans could soon face higher inflation as businesses pass along tariff costs, Fed official says
Prices could tick higher in 2025 as businesses pass tariff costs on to consumers, Cleveland Fed's Beth Hammack tells CBS News.
Inflation held steady in July and ran slightly cooler than expected, increasing the odds of a Federal Reserve rate cut next month.
Ken McElroy on MSN1d
us inflation at 9.1% and fed target
Ken McElroy discusses the current US inflation rate of 9.1% and the Federal Reserve's target inflation rate of 2%.
WASHINGTON (Reuters) -Fed Chair Jerome Powell used the central bank's annual Wyoming research conference to promise inflation-fighting rigor when it was needed in 2022, then last year he came to the defense of the job market with promises of lower interest rates when the unemployment rate seemed on a steady rise.
Pulte posted a copy of the letter to social media on Wednesday morning. In response, Trump has called on Cook to step aside.
Canada's main stock index inched lower on Monday as investors avoided big bets ahead of domestic inflation data due on Tuesday and a key U.S. central bank conference starting on Friday.
Ahead of the Federal Reserve’s annual conference in Jackson, Wyoming, which starts on Thursday (Aug. 21), the topic of inflation will dominate discussions.
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