El-Erian: Interest rates, inflation moving in right direction, but lower prices 'not going to happen'
Allianz chief economic adviser Mohamed El-Erian warned that even though inflation has cooled significantly, prices consumers face are unlikely to decrease.
Why are consumers pessimistic about the economy while inflation is cooling?
American households continue to feel squeezed by inflation, which contributes to a more pessimistic view about the economy even as data shows the pace of price growth slowing.
Fed's favored inflation gauge showed price growth continued to slow in September
The Commerce Department released the latest data for the personal consumption expenditures index, which is closely watched by Federal Reserve policymakers and showed inflation cooled.
October jobs report to arrive days ahead of Election Day, Fed's rate cut decision
The release of the October jobs report on Friday will give American voters and the Fed's policymakers a last look at labor market data ahead of Election Day and the Fed meeting.
How to protect yourself from bond market pain
Bond investors are getting put through the ringer as election uncertainty ripples through the markets, along with the Federal Reserve's promise to take rates lower.
Job openings tumble more than expected to the lowest since January 2021
The Labor Department's JOLTS report for September showed fewer job openings than expected, with the number of unfilled positions at its lowest level since January 2021.
Larry Fink says Fed won't cut interest rates as much as people think, warns inflation 'embedded'
BlackRock Chief Executive Larry Fink says the Federal Reserve will not lower interest rates as much as some forecasters expect, warning inflation is "embedded."
Gold prices rise to all-time highs with US debt mounting, election uncertainty
Gold prices have reached record highs this week amid uncertainty surrounding the upcoming election as well as the continued growth in the U.S. national debt and fiscal deficits.
Why mortgage rates are going up despite the Fed's interest rate cut
Mortgage rates are increasing in recent weeks despite the Federal Reserve's decision to cut interest rates last month for the first time in four years.
American consumers see debt delinquency risk rising, higher long-term inflation: NY Fed
The New York Fed found that consumers' expectations about missed debt payments edged higher in September for the fourth consecutive month, as some may face increased budget pressures.
US producer prices unchanged in September
The unchanged reading in the producer price index for final demand last month followed an unrevised 0.2% gain in August, the Labor Department's Bureau of Labor Statistics said Friday.
LARRY KUDLOW: The Fed is playing politics
FOX Business host Larry Kudlow unpacks the Federal Reserve's decision to cut interest rates ahead of the election on "Kudlow."
Housing markets that could see the biggest impact from falling mortgage rates
Realtor.com broke down the top 10 real estate markets that are likely to see the most impact from falling mortgage rates. Topping the list is Washington, D.C.
It’s time for a bond fund check-up
The Federal Reserve has started cutting interest rates but a debate is raging over how low policymakers will be able to take them creating a challenge for bond investors.
Larry Summers says jobs report shows Fed's half-point rate cut was 'a mistake'
Famed economist Larry Summers said Friday that the September jobs report shows the Federal Reserve's 50-basis point rate cut was "a mistake" in hindsight.
US economy added 254K jobs in September, well above expectations
The Labor Department reported that U.S. employers added 254,000 jobs in September, well above economists' expectations, while the unemployment rate declined to 4.1%.
Inflation measure closely watched by the Fed fell to 2.2% in August
An inflation measure closely tracked by Federal Reserve policymakers fell in August to 2.2% as inflation continued to trend closer to the central bank's target.
Vista, Blackstone buying software maker Smartsheet for about $8.4 billion
Blackstone and Vista Equity Partners are acquiring software maker Smartsheet for $8.4 billion in cash, or $56.50 per share; the deal is expected to close in Smartsheet's fiscal fourth quarter.
Will U.S. return to easy money era?
The Federal Reserve delivered a gift to investors with a jumbo rate cut and the promise of more to come. But will rates return to the record lows we saw during the pandemic?
Dow hits 42,000 for first time in Fed fueled run
Investors celebrated the Federal Reserve's super-sized interest rate cut and what is likely the start of a longtime coming easing cycle that should lower borrowing costs for consumers and businesses.