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  • Jerome PowellFinance

    Fed chair Powell says a rate cut is close, but we’re ‘not quite’ there yet

    By Christopher Rugaber and The Associated Press
  • FILE – The Federal Reserve is seen in Washington, on Nov. 16, 2020. The Federal Reserve is expected to signal this week that it will likely reduce borrowing costs as soon as September 2024. (AP Photo/J. Scott Applewhite, File)Finance

    Fed officials expected to cut rates only once in 2024 but now the market is betting on 3 cuts this year

    By Christopher Rugaber and The Associated Press
  • woman shopping for clothingFinance

    The worst streak of inflation in 4 decades looks like it’s finally nearing an end

    By Christopher Rugaber and The Associated Press
  • Jerome PowellFinance

    Inflation is slowing at ‘a pretty good pace,’ Fed’s Powell says

    By Christopher Rugaber and The Associated Press
  • SUGAR LAND, TEXAS – DECEMBER 26: Epifania Fanny LarGe, right, cant contain her excitement about shopping at the newly opened Seafood City Supermarket on Tuesday, Dec. 26, 2023 in Sugar Land. Seafood City, Filipino American supermarket chain expanded to Texas with its first location in Sugar Land earlier this month. (Yi-Chin Lee/Houston Chronicle via Getty Images)Features

    Consumer prices drop for first time since 2022, giving hope rate cuts are coming

    By Christopher Rugaber, The Associated Press, and others
  • Federal Reserve Board Chair Jerome Powell speaksPolitics

    Fed says central bank independence is good for the economy as Trump has vowed not to re-up Powell

    By Christopher Rugaber and The Associated Press
  • Jerome Powell, chairman of the US Federal Reserve, smiles to the crowd during a news conference.Finance

    Fed Chair Jerome Powell says inflation is on the downswing—but don’t expect rate cuts yet

    By Christopher Rugaber and The Associated Press
  • An older woman with a shopping cart walks down a grocery store aisle.Finance

    U.S. shoppers can’t shake inflation gloom as consumer sentiment slumps for third straight month

    By Christopher Rugaber and The Associated Press
  • Jerome PowellFinance

    Fed slaps down rate-cut hopes despite cool inflation report: ‘We’ll need to see more good data’

    By Christopher Rugaber and The Associated Press
  • Fed Chair Jerome PowellFinance

    One of the Fed’s favorite inflation indicators finally shows signs of easing price pressures

    By Christopher Rugaber and The Associated Press
  • A for sale sign stands outside a single-family residence on Wednesday, May 22, 2024, in southeast Denver. Policymakers’ willingness to keep their key rate at a two-decade peak — thereby keeping costs painfully high for mortgages, auto loans and other forms of consumer borrowing — carries its own risks. (AP Photo/David Zalubowski)Politics

    Inflation’s persistence is killing hope for a Fed rate cut in 2024: ‘This is about stuff that happened in 2021. You cannot go back and change that’

    By Christopher Rugaber and The Associated Press
  • Jerome PowellFinance

    Jerome Powell’s Fed is beginning to think its interest rate hikes ‘may be having smaller effects than in the past’

    By Christopher Rugaber and The Associated Press
  • Jerome Powell during a meeting in Washington DC.Finance

    Inflation cools in April after 3 straight hot readings

    By Christopher Rugaber and The Associated Press
  • Jerome PowellFinance

    Jerome Powell says it’s ‘different this time’—and Americans and their mortgage rates are a key reason why

    By Christopher Rugaber and The Associated Press
  • Fed Chair Jerome PowellFinance

    Inflation just won’t quit as wholesale prices rise at the fastest rate in a year

    By Christopher Rugaber, The Associated Press, and others