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Federal Reserve

We're in the stubborn phase of inflation cooling

by Kristin Schwab
Jun 13, 2023
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.
There’s still a ways to go before the Federal Reserve reaches its target of 2% inflation.
Michael M. Santiago/Getty Images
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Should the Fed raise its 2% inflation target?

by Kristin Schwab
Jun 12, 2023
Some economists think the Fed should aim higher than that magical 2% rate.
Jerome Powell is expected to announce a pause on interest rate hikes this week as the Fed tries get inflation down to a target of 2%.
Win McNamee/Getty Images
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Slowing wage increases are good news for the Fed, but bad news for workers

by Mitchell Hartman
Jun 7, 2023
Wages are falling fastest at the bottom of the income distribution.
Both wage growth and the number of job openings are slowing, according to jobsite Indeed.
Mario Tama/Getty Images
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The tight U.S. labor market hasn't benefitted workers equally, Fed study finds

by David Brancaccio , Alex Schroeder and Ariana Rosas
Jun 2, 2023
A new Fed study goes beyond the "strong labor market" headlines and finds workers struggling with landing jobs, burnout and more.
Even with all of the talk about ample job openings, some workers aren't taking them. Why? This Federal Reserve survey asked workers just that question.
Courtesy of the Federal Reserve Bank of Philadelphia
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What does the decline in corporate profits say about the economy?

by Samantha Fields
May 25, 2023
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.
Profits are falling, but the stock market is "not freaked out," says Bruce Sacerdote of Dartmouth.
Timothy A. Clary/AFP via Getty Images
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Consumers say they're doing fine, but the economy as a whole isn't. Why?

by Justin Ho
May 23, 2023
It all depends on the questions pollsters ask. "How are you doing?" will elicit a different answer than "How do you feel about inflation?"
According to a survey out this week, almost three-quarters of people feel at least OK about their own personal economies. But other surveys suggest people think differently about the broader economy.
David Becker/Getty Images
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Some hospitals struggle as borrowing gets more expensive

by Elizabeth Trovall
May 8, 2023
Cash-strapped rural and medium-size hospitals are less prepared to absorb higher interest rates.
“Wages and labor pressures are increasing in hospitals unless they're able to find ways to cut back on staff or cut other expenses," said Krutika Amin of KFF.
Brandon Bell/Getty Images
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Can ChatGPT decode what the Federal Reserve is saying?

by Janet Nguyen
May 5, 2023
We ran some of the statements Fed Chair Jerome Powell made at his press conference this week.
Federal Reserve Board Chairman Jerome Powell delivers remarks at a news conference after the Fed's latest interest rate hike.
Anna Moneymaker/Getty Images
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Banks in Turmoil

Why 2008 financial crisis regulations didn't prevent the recent bank failures

by Matt Levin
May 3, 2023
Three major bank failures in two months. What happened to all those regulations?
"SVB was among the large regional banks that really should have been engaging in stress testing and wasn’t," said Columbia Law professor Kathryn Judge.
Noah Berger/AFP via Getty Images
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Fed raises key interest rate but hints it may pause amid bank turmoil

by Associated Press
May 3, 2023
The Fed’s rate increases over the past 14 months, aimed at quelling inflation, have elevated the cost of loans and heightened the risk of a recession.
The Federal Reserve signaled that it may pause its series of rate hikes, which have made borrowing more expensive in a bid to quell inflation. Above, Fed Chair Jerome Powell in March.
Alex Wong/Getty Images
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