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For the first time in 15 months, the Federal Reserve has kept its key interest rate unchanged.
The latest data shows inflation is well below its peak of more than 9% a year ago. But there’s a ways to go before the Fed reaches its 2% target.
Some economists think the Fed should aim higher than that magical 2% rate.
Wages are falling fastest at the bottom of the income distribution.
A new Fed study goes beyond the “strong labor market” headlines and finds workers struggling with landing jobs, burnout and more.
Profits fell for the second quarter in a row, partly due to Fed rate hikes. Whether it’s a good thing depends on your role in the economy.
It all depends on the questions pollsters ask. “How are you doing?” will elicit a different answer than “How do you feel about inflation?”
Cash-strapped rural and medium-size hospitals are less prepared to absorb higher interest rates.
We ran some of the statements Fed Chair Jerome Powell made at his press conference this week.
Three major bank failures in two months. What happened to all those regulations?
