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Federal Reserve meeting on Wednesday; Analysts expect interest rate cut
News

Federal Reserve meeting on Wednesday; Analysts expect interest rate cut

  • AP
  • Updated Sep 18, 2024

Wall Street ticked slightly higher early Wednesday as markets awaited an expected interest rate cut by the U.S. Federal Reserve, the first in more than four years.

Inflation slowed in May, hinting at welcome relief for consumers
Consumer Watch

Inflation slowed in May, hinting at welcome relief for consumers

  • By Alicia Wallace, CNN
  • Updated Jun 12, 2024

(CNN) â€� Inflation cooled more than expected in May, new data showed Wednesday, delivering a welcome piece of news just hours before the Federa…

Key takeaways from the Fed’s latest interest rate decision
Consumer Watch

Key takeaways from the Fed’s latest interest rate decision

  • By Bryan Mena, CNN
  • Updated Jun 12, 2024

Washington (CNN) â€� The Federal Reserve said Wednesday it is keeping its benchmark lending rate at its current level for the seventh time in a …

The Fed is winning its battle against inflation. So why isn’t it cutting rates?
Consumer Watch

The Fed is winning its battle against inflation. So why isn’t it cutting rates?

  • By Elisabeth Buchwald, CNN
  • Jun 11, 2024

New York (CNN) â€� Legendary baseball coach and player Frank Robinson famously said, “Close only counts in horseshoes and hand grenades.â€� The Fe…

US economy added a whopping 272,000 jobs in May
Consumer Watch

US economy added a whopping 272,000 jobs in May

  • By Alicia Wallace, CNN
  • Updated Jun 7, 2024

(CNN) â€� US job growth shot much higher than expected in May, jumping to 272,000, while the nation’s jobless rate rose slightly and broke a 27-…

Consumer Watch

Interest rates are coming down in Europe. The Fed won’t follow yet

  • By Hanna Ziady, CNN
  • Updated Jun 6, 2024

London (CNN) â€� The European Central Bank cut interest rates Thursday, moving before the US Federal Reserve and the Bank of England to lower bo…

Job openings fall to new 3-year low, as the US economy continues to slow
Consumer Watch

Job openings fall to new 3-year low, as the US economy continues to slow

  • By Alicia Wallace, CNN
  • Updated Jun 4, 2024

(CNN) â€� The number of job openings in the US shrank for the second month in a row, setting a new three-year low amid further signals of coolin…

Stocks pare losses after sliding on worries about the economy’s health
Consumer Watch

Stocks pare losses after sliding on worries about the economy’s health

  • By Krystal Hur, CNN
  • Updated Jun 3, 2024

New York (CNN) � Wall Street’s wild day ended on a calmer note.

The Fed’s favorite inflation gauge showed little progress last month
Consumer Watch

The Fed’s favorite inflation gauge showed little progress last month

  • By Alicia Wallace, CNN
  • Updated May 31, 2024

(CNN) â€� Inflation in April remained at the same stubbornly high level as in March. That means costs continued to rise too fast for consumers, …

Consumer Watch

Uptick in European inflation clouds outlook for interest rate cuts

  • By Anna Cooban, CNN
  • May 31, 2024

London (CNN) â€� Inflation in Europe has ticked up for the first time in five months, casting doubt on the possibility of a steady stream of int…

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