President Donald Trump has pledged cheaper prices and lower interest rates, but an economy transformed by the pandemic will make those promises difficult to keep. Economic growth ...

Any negative impacts of the Fed’s rate hikes during those years have been small for many consumers and companies, according to Torsten Slok, chief economist for New York-based asset manager ...

In short, December’s CPI figures send mixed signals. Despite last week’s data showcasing strength across the board in the US economy, Wednesday’s CPI release gives no clear evidence that this is ...

In response, the Fed raised its benchmark interest rate — the fed funds rate — 11 times in 2022 and 2023. Inflation came down ...

Heading into 2025, the US economy remains among the strongest and most stable in the world. According to Patrick T. Harker, ...

Also speaking Thursday, Philadelphia Fed President Patrick Harker said he’s prepared to support additional rate cuts in 2025, but the timing will depend on what happens in the economy. “I still see us ...

Philadelphia Fed President Patrick Harker stated on Thursday that policymakers are on track to reduce interest rates this year, but the precise timing “will be fully dependent upon the incoming data.” ...

Fed officials Patrick Harker, the president of the Philadelphia Fed, and Kansas City President Jeff Schmid signaled they did not believe the central bank needed to cut rates imminently. This had ...

Philadelphia Fed president Patrick Harker said he is prepared to support additional rate cuts in 2025, but the timing would depend on what happens in the economy. “I still see us on a downward ...

Philadelphia Fed President Patrick Harker Sees More Rate Cuts Ahead Philadelphia Fed President Patrick Harker says that on inflation, "it's just taking a little longer to get back to target than ...

Overnight, Philadelphia Fed President Patrick Harker said he expected the U.S. central bank to cut interest rates, but added that an imminent cut was not needed. Markets expect around 40 bps of Fed ...