Christopher Rugaber

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Fed’s preferred inflation gauge shows price pressures stayed elevated last month

WASHINGTON (AP) — A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed’s reluctance to cut interest rates anytime soon and underscoring a...

New federal rule would bar companies from forcing ‘noncompete’ agreements on employees

WASHINGTON (AP) — U.S. companies would no longer be able to bar employees from taking jobs with competitors under a rule approved by a federal agency Tuesday, though the rule is sure...

Fed’s Powell suggests that elevated inflation will likely delay rate cuts this year

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell cautioned Tuesday that persistently elevated inflation will likely delay any Fed interest rate cuts until later this year, opening the door to a period...

Key question before US reveals latest consumer prices: Is inflation cooling enough for the Fed?

WASHINGTON (AP) — Consumer inflation remained persistently high last month, boosted by gas, rents, auto insurance and other items, the government said Wednesday in a report that will likely give pause to...

When will Fed cut rates? As US economy flexes its muscles, maybe later or not at all

WASHINGTON (AP) — Ever since the Federal Reserve signaled last fall that it was likely done raising interest rates, Wall Street traders, economists, car buyers, would-be homeowners — pretty much everyone —...

Powell: Fed still sees rate cuts this year; election timing won’t affect decision

WASHINGTON (AP) — Federal Reserve officials will likely reduce their benchmark interest rate later this year, Chair Jerome Powell said Wednesday, despite recent reports showing that the U.S. economy is still strong...

Powell may provide hints of whether Federal Reserve is edging close to rate cuts

WASHINGTON (AP) — Federal Reserve officials signaled Wednesday that they still expect to cut their key interest rate three times in 2024, fueling a rally on Wall Street, despite signs that inflation...

US inflation likely stayed elevated last month as Federal Reserve looks toward eventual rate cuts

WASHINGTON (AP) — Consumer prices in the United States picked up last month, a sign that inflation remains a persistent challenge for the Federal Reserve and for President Joe Biden’s re-election campaign,...

Christopher Rugaber

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