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Powell Welcomes Cooling Inflation but Wants ‘More Good Data’ Before Rate Cut

Jerome H. Powell, the chair of the Federal Reserve, delivered optimistic remarks to Senators as inflation and the job market…

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Banks Could Weather Even Extreme Economic Tumult, Fed Finds

The Federal Reserve for the first time tested major banks’ ability to withstand crisis scenarios — and the largest U.S.…

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3.3%

The rate of inflation in May over the previous year.

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The Fed Holds Rates Steady and Predicts Just One Reduction This Year

Federal Reserve officials signaled that interest rates could stay higher this year as policymakers pause to ensure they’ve stamped out…

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Biden Has a Historically Strong Job Market. It May Not Be Enough.

Job gains continue to surge, and the unemployment rate remains low, but as the president seeks re-election, voters say they…

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Wage Growth Exceeds Forecasts, Potentially Deterring Fed Rate Cuts

As officials at the Federal Reserve weigh whether and when to cut interest rates this year, they have been hoping…

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Europe’s Fed Problem

The European Central Bank is widely expected to cut interest rates on Thursday. But how low it can go may…

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Fed Minutes Show Officials Were Wary About Inflation at May Meeting

Federal Reserve policymakers were still willing to raise rates if the economy surprised them, notes from their most recent meeting…

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Why Higher Fed Rates Are Not Totally Off the Table

Fed officials still think their next move will be to cut rates, but they are not entirely ruling out the…

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Stubborn Inflation Could Prod Fed to Keep Rates High for Longer

Hopes for substantial cuts in interest rates are fading as inflation shows more staying power than expected.

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