News

Jerome Powell’s job just got a whole lot easier as inflation data sidesteps disaster

July inflation data suggests the FOMC's dual mandate may not be in as much of a pickle as economists previously feared.

Markets have convinced themselves they’ll get a September interest rate cut—now they’re eyeing a double reduction

Treasury Secretary Scott Bessent is pushing for 50bps to offset missed opportunities earlier this summer, but some analysts ...

Trump blasts ‘Too Late’ Powell again, threatens lawsuit over Fed’s $3B HQ renovations

Trump on Tuesday ramped up his pressure on Jerome Powell to cut interest rates, threatening to allow a lawsuit over the ...
Crypto Briefing11h

Treasury Secretary Bessent says Fed should consider 50-basis-point rate cut as job market shows signs of weakness

Treasury Secretary Bessent urges a Fed rate cut of 50 basis points in September, citing weak jobs data and stable inflation ...

Diversifying Russian oil imports may add only $4-6 billion to India's import bill, says Anubhuti Sahay of Standard Chartered Bank

The gap, or impact on GDP, was closer to 25 to 40 basis points. At 50 percent, almost 50 percent of our exports to the US ...

Trump ramps up pressure on the Fed to slash rates to 1% — but would that be risky for US jobs, savings and investments?

Despite President Trump ramping up pressure on Federal Reserve Chair Jerome Powell to cut interest rates, the Fed held rates steady at 4.25% to 4.5% on July 30. Trump has been insistent on a major cut ...
Asianet Newsable on MSN6h

Nomura Brings Forward Fed Rate-Cut Call To September After July Inflation Data, But Says 50 Bps Is Off The Table

The Japanese investment firm also reduced its price consumption expenditure (PCE) index forecast for July to 0.243% from ...