WASHINGTON — Federal Reserve Chair Jerome Powell cautioned April 16 that persistently elevated inflation will likely delay any Fed interest rate cuts until later this year.

WASHINGTON — Consumer sentiment about the U.S. economy has ticked down but remains near a recent high, with Americans’ outlook largely unchanged this year.

WASHINGTON — Consumer inflation remained persistently high last month, boosted by gas, rents, auto insurance and other items, the government said April 10.

WASHINGTON — Federal Reserve officials kept their benchmark interest rate unchanged but signaled March 20 that they still expect to cut their key interest rate three times in 2024.

WASHINGTON — Consumer prices picked up last month, a sign that inflation remains a persistent challenge for the Federal Reserve and for President Joe Biden’s re-election campaign.

WASHINGTON — A measure of consumer sentiment ticked higher this month, after soaring in December and January, underscoring that Americans are starting to feel better about the economy.

The Federal Reserve kept its key interest rate the same Dec. 13 for a third straight time, and officials signaled they expect to make three quarter-point cuts to the benchmark rate next year.

The nation’s employers added a solid 199,000 jobs in November and the unemployment rate fell, fresh signs that the economy could achieve an elusive “soft landing.”

WASHINGTON — The Federal Reserve kept its key short-term interest rate unchanged Nov. 1 but left the door open to further rate hikes if inflation pressures should accelerate.

WASHINGTON — The nation’s economy expanded at a robust 4.9% annual rate from July through September as Americans defied rising interest rates to spend at a brisk pace.