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WEATHER ALERT

A rip current statement in effect for Coastal Broward and Coastal Miami Dade Regions

JEROME POWELL


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1 day ago

Federal Reserve official sees signs of slowing economy but not ready to cut rates

Read full article: Federal Reserve official sees signs of slowing economy but not ready to cut rates

A top Federal Reserve official said Friday that massive uncertainty created by President Donald Trump’s tariffs has caused some businesses to cut back on hiring and spending, threatening to slow the economy, but he added that it’s not yet clear whether the central bank should cut its key interest rate.

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2 days ago

The Latest: Trump says the ‘final details’ are still to come in UK trade agreement

Read full article: The Latest: Trump says the ‘final details’ are still to come in UK trade agreement

U.S. President Donald Trump said from the White House on Thursday that his government has reached a trade agreement with the United Kingdom.

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3 days ago

Wall Street climbs in choppy trading after Fed warns of rising risks for economy, holds rates steady

Read full article: Wall Street climbs in choppy trading after Fed warns of rising risks for economy, holds rates steady

U.S. stocks ended a choppy day higher after the Federal Reserve left its main interest rate alone, as was widely expected, but also warned about rising risks for the U.S. economy.

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Federal Reserve leaves key rate unchanged as it sees risk of higher prices and higher unemployment

Read full article: Federal Reserve leaves key rate unchanged as it sees risk of higher prices and higher unemployment

The Federal Reserve kept its key interest rate unchanged Wednesday, brushing off President Donald Trump’s demands to lower borrowing costs, and said that the risks of higher unemployment and higher inflation have risen.

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Federal Reserve likely to defy Trump, keep rates unchanged this week

Read full article: Federal Reserve likely to defy Trump, keep rates unchanged this week

The Federal Reserve will likely keep its key short-term interest rate unchanged on Wednesday, despite harsh criticism from President Donald Trump and his demand that the Fed reduce borrowing costs.

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Why Trump's call for the Fed to cut interest rates may not help consumers

Read full article: Why Trump's call for the Fed to cut interest rates may not help consumers

President Donald Trump is badgering the Federal Reserve to cut interest rates, but even if the Fed gave in to the pressure, it wouldn’t necessarily lead to lower borrowing costs for consumers.

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Wall Street rises and markets rally worldwide as Trump softens his tough talk on tariffs and the Fed

Read full article: Wall Street rises and markets rally worldwide as Trump softens his tough talk on tariffs and the Fed

U.S. stocks rose as a worldwide rally came back around to Wall Street.

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Trump says he has 'no intention' of firing Federal Reserve chair

Read full article: Trump says he has 'no intention' of firing Federal Reserve chair

President Donald Trump said Tuesday he has no plans to fire Federal Reserve Chair Jerome Powell, just days after his statement that he would like to terminate the head of the U.S. central bank caused a stock market selloff.

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Gold soars to a new high as economic uncertainty deepens. Here's what to know

Read full article: Gold soars to a new high as economic uncertainty deepens. Here's what to know

As economic uncertainty deepens worldwide, gold prices keep hitting record after record.

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Asian markets are mostly higher as Wall Street is stuck in trade war doldrums

Read full article: Asian markets are mostly higher as Wall Street is stuck in trade war doldrums

Asian shares are mostly higher after a bumpy ride on Wall Street.

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Trump's attacks on Powell threaten the Fed's independence. Here's why it matters

Read full article: Trump's attacks on Powell threaten the Fed's independence. Here's why it matters

Donald Trump has stepped up his attacks on Federal Reserve Chair Jerome Powell at the same time that the Supreme Court is considering a case that could make it easier for the president to fire him.

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Trump suggests he can remove Fed Chair Powell and says he's 'not happy' with him over interest rates

Read full article: Trump suggests he can remove Fed Chair Powell and says he's 'not happy' with him over interest rates

President Donald Trump has attacked Federal Reserve Chair Jerome Powell for not cutting interest rates.

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Powell says Federal Reserve can wait on any interest rate moves

Read full article: Powell says Federal Reserve can wait on any interest rate moves

The Federal Reserve can stay patient and wait to see how tariffs and other economic policies of the Trump administration play out before making any changes to interest rates, Chair Jerome Powell said Wednesday.

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Inflation fell last month as gas prices dropped sharply, a sign prices cooled before tariffs

Read full article: Inflation fell last month as gas prices dropped sharply, a sign prices cooled before tariffs

U.S. inflation declined last month as the cost of gas fell, a sign that price growth was cooling even as President Donald Trump ramped up his tariff threats.

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Will the tariffs lead to a recession? Here's how to know if we're in one

Read full article: Will the tariffs lead to a recession? Here's how to know if we're in one

President Donald Trump’s sharp tariff hikes last week have sent the stock market into a tailspin, raised alarm bells among Wall Street executives, and heightened many economists’ worries that the U.S. could tip into recession.

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Trump threatens more tariffs on China as global markets shudder over how much pain economy can take

Read full article: Trump threatens more tariffs on China as global markets shudder over how much pain economy can take

President Donald Trump says he's considering additional tariffs on China.

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Trump's trade wars deepen as China retaliates and markets fall. Here's what to know

Read full article: Trump's trade wars deepen as China retaliates and markets fall. Here's what to know

The trade wars launched by U.S. President Donald Trump are escalating to new heights.

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Trump hits the golf course as the stock market plummets for a second straight day over tariffs

Read full article: Trump hits the golf course as the stock market plummets for a second straight day over tariffs

President Donald Trump says his trade policies will never change despite sending the global economy into a tailspin by announcing tariffs on foreign imports.

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Federal Reserve chief says Trump tariffs likely to raise inflation and slow US economic growth

Read full article: Federal Reserve chief says Trump tariffs likely to raise inflation and slow US economic growth

US Fed Chair Jerome Powell says the Trump administration’s expansive new tariffs will likely lead to higher inflation and slower growth.

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Stock market today: Wall Street closes higher, snapping a 4-week losing streak

Read full article: Stock market today: Wall Street closes higher, snapping a 4-week losing streak

U.S. stocks shook off a weak start and ended slightly higher, enough to break a four-week losing streak.

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Stock market today: Wall Street rallies as pressure eases from the bond market after Fed decision

Read full article: Stock market today: Wall Street rallies as pressure eases from the bond market after Fed decision

U.S. stocks climbed after the Federal Reserve said the economy still looks healthy enough to keep interest rates where they are.

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Trump fires 2 Democrats on the Federal Trade Commission, seeking more control over regulators

Read full article: Trump fires 2 Democrats on the Federal Trade Commission, seeking more control over regulators

President Donald Trump has fired two Democratic members of the Federal Trade Commission, intensifying efforts to exert his administration’s control over independent agencies across the government.

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Federal Reserve sees tariffs raising inflation this year, keeps key rate unchanged

Read full article: Federal Reserve sees tariffs raising inflation this year, keeps key rate unchanged

The Federal Reserve kept its benchmark interest rate unchanged Wednesday and signaled that it still expects to cut rates twice this year, though more policymakers forecast fewer cuts.

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'Stagflation' risk puts Federal Reserve in tricky spot as it meets this week

Read full article: 'Stagflation' risk puts Federal Reserve in tricky spot as it meets this week

The Federal Reserve and its chair, Jerome Powell, are potentially headed to a tough spot as it prepares to meet Tuesday and Wednesday.

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Fed Chair Powell says interest rates on hold with economic uncertainty widespread

Read full article: Fed Chair Powell says interest rates on hold with economic uncertainty widespread

Chair Jerome Powell says in written remarks that the Federal Reserve is likely to keep its key interest rate unchanged in the coming months as it waits for widespread “uncertainty” stemming from President Donald Trump’s policies to resolve.

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Stock market today: Wall Street ends its wild week with what else but more swings

Read full article: Stock market today: Wall Street ends its wild week with what else but more swings

U.S. stocks rose, but only after careening through another wild day.

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The US is missing again as G20 finance chiefs meet in South Africa

Read full article: The US is missing again as G20 finance chiefs meet in South Africa

Finance ministers and central bank chiefs from the Group of 20 developed and developing nations have gathered in South Africa for a two-day meeting.

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The latest inflation report shows that high prices are Trump's major economic challenge

Read full article: The latest inflation report shows that high prices are Trump's major economic challenge

Donald Trump promised as a candidate that he could easily conquer inflation, but the reality is proving tougher than he expected.

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Powell says Trump's comments won't affect interest rate decisions by the Fed

Read full article: Powell says Trump's comments won't affect interest rate decisions by the Fed

Federal Reserve Chair Jerome Powell said Wednesday President Donald Trump’s calls for lower interest rates won’t lead the central bank to change its rate decisions.

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Stock market today: Most of Wall Street sinks after inflation worsens

Read full article: Stock market today: Most of Wall Street sinks after inflation worsens

Most U.S. stocks fell after a report said inflation is unexpectedly worsening for Americans.

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US inflation got worse with rising groceries and gasoline prices

Read full article: US inflation got worse with rising groceries and gasoline prices

U.S. inflation accelerated last month as the cost of groceries and gasoline rose, a trend that will likely underscore the Federal Reserve’s resolve to delay any further interest rate cuts.

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Stock market today: Wall Street holds firm following Trump's latest tariffs

Read full article: Stock market today: Wall Street holds firm following Trump's latest tariffs

Wall Street held relatively firm following President Donald Trump’s latest tariff escalation and after the Federal Reserve hinted interest rates may not change for a while.

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Fed chair says bank accounts 'safe' despite Trump's teardown of consumer protection agency

Read full article: Fed chair says bank accounts 'safe' despite Trump's teardown of consumer protection agency

Federal Reserve Chair Jerome Powell says Americans’ bank accounts are safe despite the Trump administration’s shutdown of a consumer financial regulatory agency.

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Stock market today: Wall Street takes Trump's latest tariff threats in stride, and indexes rise

Read full article: Stock market today: Wall Street takes Trump's latest tariff threats in stride, and indexes rise

U.S. stock indexes rose as Wall Street took President Donald Trump’s latest threat on tariffs in stride.

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Trump's second week in office delivers jolts and chaotic orders with a mix of politics and tragedy

Read full article: Trump's second week in office delivers jolts and chaotic orders with a mix of politics and tragedy

President Donald Trump’s second week in office seemed to deliver a daily dose of deliberate jolts for the country.

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US inflation is lingering and tariffs threatened by Trump could nudge prices in wrong direction

Read full article: US inflation is lingering and tariffs threatened by Trump could nudge prices in wrong direction

An inflation gauge closely watched by the Federal Reserve rose slightly last month, the latest sign that some consumer prices remain stubbornly elevated, even as inflation is cooling in fits and starts.

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Stock market today: Wall Street slips after the Federal Reserve keeps interest rates steady

Read full article: Stock market today: Wall Street slips after the Federal Reserve keeps interest rates steady

U.S. stocks slipped after the Federal Reserve held its main interest rate steady and broke a run of cuts that began in September.

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Fed hold rates steady, sees inflation as 'elevated,' as Powell declines comment on Trump

Read full article: Fed hold rates steady, sees inflation as 'elevated,' as Powell declines comment on Trump

The Federal Reserve left its key interest rate unchanged Wednesday after cutting it three times in a row last year, a sign of a more cautious approach as the Fed seeks to gauge where inflation is headed and what policies President Donald Trump may pursue.

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Federal Reserve expected to stand pat on rates even as Trump demands cuts

Read full article: Federal Reserve expected to stand pat on rates even as Trump demands cuts

The Federal Reserve is nearly certain to keep its key interest rate unchanged at its policy meeting this week, just a few days after President Donald Trump said he would soon demand lower rates.

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Federal Reserve says it will leave climate change organization

Read full article: Federal Reserve says it will leave climate change organization

The Federal Reserve said Friday that it is leaving an international grouping of central banks that focused on how the financial system could help combat climate change.

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Surging job market could prove costly for households, businesses as odds of quick rate cuts fade

Read full article: Surging job market could prove costly for households, businesses as odds of quick rate cuts fade

U.S. hiring picked up unexpectedly in December as employers added 256,000 jobs, another sign of the economy’s resilience in the face of high interest rates.

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Top Federal Reserve bank regulator, under fire from GOP, to step down next month

Read full article: Top Federal Reserve bank regulator, under fire from GOP, to step down next month

The Federal Reserve’s top financial regulator said Monday that he would resign next month, avoiding a potential confrontation with the incoming Trump administration and Republicans in the Senate.

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Federal Reserve's preferred inflation gauge shows price pressures eased last month

Read full article: Federal Reserve's preferred inflation gauge shows price pressures eased last month

An inflation gauge that is closely watched by the Federal Reserve barely rose last month in a sign that price pressures cooled after two months of sharp gains.

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Trump was poised to inherit a strong economy. Then things got rocky and he added to the uncertainty

Read full article: Trump was poised to inherit a strong economy. Then things got rocky and he added to the uncertainty

Donald Trump seemed poised to inherit a relatively strong economy when he begins a second term in the White House in January.

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US stocks fall sharply and Dow tumbles 1,100 points after the Fed hints at just 2 rate cuts for 2025

Read full article: US stocks fall sharply and Dow tumbles 1,100 points after the Fed hints at just 2 rate cuts for 2025

U.S. stocks tumbled to one of their worst days of the year after the Federal Reserve hinted it may deliver fewer shots of adrenaline for the U.S. economy in 2025 than earlier thought.

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Federal Reserve cuts its key rate by a quarter-point but envisions fewer reductions next year

Read full article: Federal Reserve cuts its key rate by a quarter-point but envisions fewer reductions next year

The Federal Reserve cut its key interest rate by a quarter-point — its third cut this year — but also signaled that it expects to reduce rates more slowly next year than it previously envisioned, mostly because of still-elevated inflation.

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Retail sales rose at healthy pace last month in latest sign of US economy's health

Read full article: Retail sales rose at healthy pace last month in latest sign of US economy's health

Consumers stepped up their spending at retail stores last month, providing a boost to the economy in the early phases of the winter holiday shopping season.

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Stock market today: Wall Street trims its stellar gains as Nvidia's star dims again

Read full article: Stock market today: Wall Street trims its stellar gains as Nvidia's star dims again

U.S. stock indexes trimmed some of their stellar gains for the year.

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Federal Reserve is likely to slow its rate cuts with inflation pressures still elevated

Read full article: Federal Reserve is likely to slow its rate cuts with inflation pressures still elevated

Americans hoping for lower borrowing costs for homes, credit cards and cars may be disappointed after this week’s Federal Reserve meeting.

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US inflation ticked up last month as some price pressures remain persistent

Read full article: US inflation ticked up last month as some price pressures remain persistent

Fueled by pricier used cars, hotel rooms and groceries, inflation in the United States moved slightly higher last month in the latest sign that some price pressures remain elevated.

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Why Trump and the Federal Reserve could clash in the coming years

Read full article: Why Trump and the Federal Reserve could clash in the coming years

President-elect Donald Trump campaigned on the promise that his policies would reduce high borrowing costs and lighten the financial burden on American households.

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Powell: Fed's independence from politics is vital to its interest rate decisions

Read full article: Powell: Fed's independence from politics is vital to its interest rate decisions

Chair Jerome Powell said the Federal Reserve’s ability to set interest rates free of political interference is necessary for it to make decisions to serve “all Americans” rather than a political party or political outcome.

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Federal Reserve's likely slowdown in rate cuts could disappoint borrowers

Read full article: Federal Reserve's likely slowdown in rate cuts could disappoint borrowers

Just a few weeks ago, the path ahead for the Federal Reserve looked straightforward: With inflation cooling and the job market slowing, the Fed appeared on track to steadily cut interest rates.

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Powell says Fed will likely cut rates cautiously given persistent inflation pressures

Read full article: Powell says Fed will likely cut rates cautiously given persistent inflation pressures

Chair Jerome Powell says the Federal Reserve will likely cut its key interest rate slowly and deliberately in the coming months, in part because inflation has shown signs of persistence and the Fed’s officials want to see where it heads next.

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Top Federal Reserve official defends central bank's independence in wake of Trump win

Read full article: Top Federal Reserve official defends central bank's independence in wake of Trump win

A Federal Reserve official has given a lengthy defense of the central bank's political independence.

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Federal Reserve cuts its key interest rate by a quarter-point amid postelection uncertainty

Read full article: Federal Reserve cuts its key interest rate by a quarter-point amid postelection uncertainty

The Federal Reserve cut its key rate by a quarter-point in response to the steady decline in the once-high inflation that had angered Americans and helped drive Donald Trump’s presidential election victory this week.

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Stock market today: Most of Wall Street rises after the Fed cuts interest rates

Read full article: Stock market today: Most of Wall Street rises after the Fed cuts interest rates

Most U.S. stocks rose as the Federal Reserve cut interest rates again to make things easier for the economy.

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Federal Reserve is set to cut rates again while facing a hazy post-election outlook

Read full article: Federal Reserve is set to cut rates again while facing a hazy post-election outlook

No one knows how Tuesday’s presidential election will turn out, but the Federal Reserve’s move two days later is much easier to predict: With inflation continuing to cool, the Fed is set to cut interest rates for a second time this year.

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Fed Chair Powell says the US economy is in 'solid shape' with gradual rate cuts coming

Read full article: Fed Chair Powell says the US economy is in 'solid shape' with gradual rate cuts coming

Federal Reserve Chair Jerome Powell has signaled that more rate cuts are in the pipeline, though their size and speed will depend on the evolution of the economy.

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The Federal Reserve is finally lowering rates. Here's what consumers should know

Read full article: The Federal Reserve is finally lowering rates. Here's what consumers should know

The Federal Reserve has cut its benchmark interest rate from its 23-year high, with consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses.

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Federal Reserve signals end to inflation fight with a sizable half-point rate cut

Read full article: Federal Reserve signals end to inflation fight with a sizable half-point rate cut

The Federal Reserve cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates that helped tame inflation but also made borrowing painfully expensive for consumers.

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Stock market today: Most of Wall Street edges lower after Fed delivers a big cut to rates

Read full article: Stock market today: Most of Wall Street edges lower after Fed delivers a big cut to rates

Most of the U.S. stock market edged lower after the Federal Reserve kicked off its efforts to prevent a recession with a bigger-than-usual cut to interest rates.

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Will the Federal Reserve cut interest rates fast enough to deliver a 'soft landing'?

Read full article: Will the Federal Reserve cut interest rates fast enough to deliver a 'soft landing'?

American consumers and home buyers, business people and political leaders have been waiting for months for what the Federal Reserve is poised to announce this week: That it’s cutting its key interest rate from a two-decade peak.

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Fed official's investments broke ethics rules but didn't skirt insider trading laws, probe finds

Read full article: Fed official's investments broke ethics rules but didn't skirt insider trading laws, probe finds

A government investigation into Atlanta Federal Reserve President Raphael Bostic's securities trades and investments has found he violated several of the central bank's ethics policies.

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The Fed welcomes a 'soft landing' even if many Americans don't feel like cheering

Read full article: The Fed welcomes a 'soft landing' even if many Americans don't feel like cheering

When Jerome Powell delivered a high-profile speech last month, the Federal Reserve chair came the closest he ever had to declaring that the inflation surge that gripped the nation for three painful years was now essentially defeated.

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Takeaways from Fed Chair Powell's speech at Jackson Hole

Read full article: Takeaways from Fed Chair Powell's speech at Jackson Hole

Federal Reserve Chair Jerome Powell all but proclaimed mission accomplished in the fight against inflation and signaled that interest rate cuts are coming in a much-anticipated speech Friday in Jackson Hole, Wyoming.

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Stock market today: Wall Street rallies near its record heights as 'time has come' for cuts to rates

Read full article: Stock market today: Wall Street rallies near its record heights as 'time has come' for cuts to rates

U.S. stocks rallied closer to their records after the head of the Federal Reserve finally said out loud what Wall Street has been expecting for a while: Cuts to interest rates are coming soon to help the economy.

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Powell at Jackson Hole: 'The time has come' for the Fed to soon begin reducing interest rates

Read full article: Powell at Jackson Hole: 'The time has come' for the Fed to soon begin reducing interest rates

With inflation nearly defeated and the job market cooling, the Federal Reserve is prepared to start cutting its key interest rate from its current 23-year high, Chair Jerome Powell said Friday.

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Stock market today: Wall Street weakens ahead of a highly anticipated speech

Read full article: Stock market today: Wall Street weakens ahead of a highly anticipated speech

U.S. stocks closed lower as Wall Street counted down to its main event for the week, a speech by Federal Reserve Chair Jerome Powell coming up on Friday.

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Fed minutes: Most officials favored a rate cut in September if inflation continued to cool

Read full article: Fed minutes: Most officials favored a rate cut in September if inflation continued to cool

Most Federal Reserve officials agreed last month that they would likely cut their benchmark interest rate at their next meeting in September as long as inflation continued to cool.

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Stock market today: Wall Street pulls closer to records after retailers top profit forecasts

Read full article: Stock market today: Wall Street pulls closer to records after retailers top profit forecasts

U.S. stocks ticked higher after more big companies delivered profit reports that topped analysts’ expectations.

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Powell may use Jackson Hole speech to hint at how fast and how far the Fed could cut rates

Read full article: Powell may use Jackson Hole speech to hint at how fast and how far the Fed could cut rates

Federal Reserve officials have said they’re increasingly confident that they’ve nearly tamed inflation.

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Stock market today: Wall Street closes its best week of the year with some more gains

Read full article: Stock market today: Wall Street closes its best week of the year with some more gains

U.S. stocks drifted higher as Wall Street coasted to the close of its best week since November.

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The Fed's high rates spur fear of slowdown, yet recession signals have so far proved wrong

Read full article: The Fed's high rates spur fear of slowdown, yet recession signals have so far proved wrong

The turmoil shaking global financial markets reflects a sudden fear that the Federal Reserve may have held its key interest rate too high for too long, heightening the risk of a U.S. recession.

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Stock market today: Dow drops 600 on weak jobs data as a global sell-off whips back to Wall Street

Read full article: Stock market today: Dow drops 600 on weak jobs data as a global sell-off whips back to Wall Street

Stocks tumbled Friday on worries the U.S. economy could be cracking under the weight of high interest rates meant to whip inflation.

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Fed Chair Powell says September interest rate cut could be 'on the table' as inflation cools

Read full article: Fed Chair Powell says September interest rate cut could be 'on the table' as inflation cools

Federal Reserve Chair Jerome Powell has set the stage for the central bank’s first rate cut in four years.

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Fed's preferred inflation gauge cools, adding to likelihood of a September rate cut

Read full article: Fed's preferred inflation gauge cools, adding to likelihood of a September rate cut

The Federal Reserve’s favored inflation measure remained low last month, bolstering evidence that price pressures are steadily cooling and setting the stage for the Fed to begin cutting interest rates in September.

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Stock market today: Asian stocks are mixed after Dow sets a new record

Read full article: Stock market today: Asian stocks are mixed after Dow sets a new record

Asian stocks are mixed as investors grappled with weak economic data from China and waited to see the outcome of a top Communist Party policy meeting in Beijing.

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Powell says Federal Reserve is more confident inflation is slowing to its target

Read full article: Powell says Federal Reserve is more confident inflation is slowing to its target

Chair Jerome Powell said the Federal Reserve is becoming more convinced that inflation is headed back to its 2% target and said the Fed would cut rates before the pace of price increases actually reached that point.

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Stock market today: Asian shares zoom higher, with Nikkei over 42,000 after Wall St sets new records

Read full article: Stock market today: Asian shares zoom higher, with Nikkei over 42,000 after Wall St sets new records

Asian shares have carried on with the blistering rally on Wall Street, as Japan's Nikkei 225 index surged over 42,000 for the first time.

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US inflation cools again, potentially paving way for Fed to cut interest rates soon

Read full article: US inflation cools again, potentially paving way for Fed to cut interest rates soon

Inflation in the United States cooled in June for a third straight month, a sign that the worst price spike in four decades is steadily fading and may soon usher in interest rate cuts by the Federal Reserve.

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Powell stresses message that US job market is cooling, a possible signal of coming rate cut

Read full article: Powell stresses message that US job market is cooling, a possible signal of coming rate cut

Federal Reserve Chair Jerome Powell reinforced a message that the Fed is paying growing attention to a slowing job market and not only to taming inflation, a shift that signals it’s likely to begin cutting interest rates soon.

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Fed's Powell highlights slowing job market in signal that rate cuts may be nearing

Read full article: Fed's Powell highlights slowing job market in signal that rate cuts may be nearing

The Federal Reserve faces a cooling job market as well as persistently high prices, Chair Jerome Powell said in testimony to Congress, a shift in emphasis away from the Fed’s single-minded fight against inflation that suggests it's moving closer to cutting interest rates.

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Stock market today: Asian shares are mixed after Fed chair's comments give scant clues on rate cuts

Read full article: Stock market today: Asian shares are mixed after Fed chair's comments give scant clues on rate cuts

Shares are mixed in Asia after testimony from Federal Reserve Chair Jerome Powell in front of Congress provided little new guidance on when the U.S. central bank might lower interest rates.

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Federal Reserve highlights its political independence as presidential campaign heats up

Read full article: Federal Reserve highlights its political independence as presidential campaign heats up

The Federal Reserve is highlighting the importance of its political independence at a time when Donald Trump, who frequently attacked the Fed’s policymaking in the past, edges closer to formally becoming the Republican nominee for president.

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Federal Reserve minutes: Inflation is cooling, but more evidence is needed for rate cuts

Read full article: Federal Reserve minutes: Inflation is cooling, but more evidence is needed for rate cuts

Federal Reserve officials at their most recent meeting welcomed recent signs that inflation is slowing and highlighted data suggesting that the job market and the broader economy could be cooling.

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Fed Chair Jerome Powell: US inflation is cooling again, though it isn't yet time to cut rates

Read full article: Fed Chair Jerome Powell: US inflation is cooling again, though it isn't yet time to cut rates

Inflation in the United States is slowing again after higher readings earlier this year, Federal Reserve Chair Jerome Powell said, while adding that more such evidence would be needed before the Fed would cut interest rates.

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Federal Reserve sees some progress on inflation but envisions just one rate cut this year

Read full article: Federal Reserve sees some progress on inflation but envisions just one rate cut this year

Federal Reserve officials said inflation has fallen further toward their target level in recent months but signaled that they expect to cut their benchmark interest rate just once this year.

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Inflation data this week could help determine Fed's timetable for rate cuts

Read full article: Inflation data this week could help determine Fed's timetable for rate cuts

After Federal Reserve officials meet this week, a statement they will issue may suggest that they’ve seen meaningful progress on inflation this year — a prelude to eventual interest rate cuts.

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US hiring and wage growth picked up last month in sign of sustained economic health

Read full article: US hiring and wage growth picked up last month in sign of sustained economic health

America’s employers added a strong 272,000 jobs in May, accelerating from April and a sign that companies are still confident enough in the economy to keep hiring despite persistently high interest rates.

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An inflation gauge closely tracked by Federal Reserve rises at slowest pace this year

Read full article: An inflation gauge closely tracked by Federal Reserve rises at slowest pace this year

A price gauge closely tracked by the Federal Reserve cooled slightly last month, a sign that inflation may be easing after running high in the first three months of this year.

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Inflation pressures lingering from pandemic are keeping Fed rate cuts on pause

Read full article: Inflation pressures lingering from pandemic are keeping Fed rate cuts on pause

Hopes for interest rate cuts this year by the Federal Reserve are steadily fading, with a stream of recent remarks by Fed officials underscoring their intention to keep borrowing costs high as long as needed to curb persistently elevated inflation.

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Federal Reserve minutes: Policymakers saw a longer path to rate cuts

Read full article: Federal Reserve minutes: Policymakers saw a longer path to rate cuts

After several unexpectedly high inflation readings, Federal Reserve officials concluded at a meeting earlier this month that it would take longer than they previously thought for inflation to cool enough to justify reducing their key interest rate, now at a 23-year high.

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US inflation eased last month in the first slowdown of 2024

Read full article: US inflation eased last month in the first slowdown of 2024

Led by lower food and auto prices, inflation in the United States cooled slightly last month after three elevated readings, likely offering a tentative sigh of relief for officials at the Federal Reserve as well as President Joe Biden’s re-election team.

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Fed's Powell downplays potential for a rate hike despite higher price pressures

Read full article: Fed's Powell downplays potential for a rate hike despite higher price pressures

Federal Reserve Chair Jerome Powell said Tuesday that the central bank is unlikely to raise its key interest rate in response to signs of stubborn inflation and underscored his view that price increases would soon start to cool again.

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Stock market today: Asian markets follow Wall Street higher ahead of U.S. key inflation update

Read full article: Stock market today: Asian markets follow Wall Street higher ahead of U.S. key inflation update

Asian stocks have advanced after equities rose on Wall Street, with the Nasdaq composite hitting a record high.

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Are US interest rates high enough to beat inflation? The Fed will take its time to find out

Read full article: Are US interest rates high enough to beat inflation? The Fed will take its time to find out

The sharp interest rate hikes of the past two years will likely take longer than previously expected to bring down inflation, several Federal Reserve officials have said in recent comments, suggesting there may be few, if any, rate cuts this year.

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Stock market today: Asian markets follow Wall Street swings after Fed keeps interest rates high

Read full article: Stock market today: Asian markets follow Wall Street swings after Fed keeps interest rates high

Asian markets are wobbling in early trading after U.S. stocks swung to a mixed finish with the Federal Reserve delaying cuts to interest rates.

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Federal Reserve says interest rates will stay at two-decade high until inflation further cools

Read full article: Federal Reserve says interest rates will stay at two-decade high until inflation further cools

The Federal Reserve emphasized that inflation has remained stubbornly high and said it doesn’t plan to cut interest rates until it has “greater confidence” that price increases are slowing sustainably to its 2% target.

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Workers' paychecks grew faster in the first quarter, a possible concern for the Fed

Read full article: Workers' paychecks grew faster in the first quarter, a possible concern for the Fed

Pay and benefits for America’s workers grew more quickly in the first three months of this year, a trend that could contribute to higher inflation and raise concerns about the future path of price increases at the Federal Reserve.

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