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The Latest Breaking News from Ian Shepherdson

‘Time has come’ for US Federal Reserve to cut interest rates, says Powell

Fed chairman hails progress in battle to bring down inflation, with cut rates starting from September

The Guardian - US

How fast will interest rates fall? Fed Chair Powell may provide clues in high-profile speech

With the Federal Reserve considered certain to start cutting its benchmark interest rate next month, Chair Jerome Powell’s highly anticipated speech Friday morning at an economic conference will be closely watched for any hints about how many additional rate cuts might be in the pipeline

The Independent UK

Jobless Claims Fall, But Big Fed Rate Cut Is Still Warranted; S&P 500 Rises

The Federal Reserve may back a half-point rate cut on Sept. 18, even as recession fears ease, because it wrongly delayed a pivot to avoid an S&P 500 bubble.

Investors Business Daily

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Fed Holds Rates Steady, Sets Stage for Easing: What the Experts Are Saying

The Federal Reserve left interest rates unchanged but signaled it could pivot to lowering borrowing costs sooner rather than later.

Kiplinger

Stock Market Today: Markets Hover Near Record Highs on Powell Testimony

Stocks were little changed on light volume as the Fed chief testified before Congress.

Kiplinger

Consumers tapping out amid sticky inflation and slowing job market

The U.S. economy relies on a healthy consumer for the bulk of its growth, but spending is starting to slow into the summer months.

The Street

April CPI Report Offers Some Relief: What the Experts Are Saying About Inflation

CPI moderated last month, boosting hopes for interest rate cuts coming sooner rather than later.

Kiplinger

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The PPI Has Some Good News For The Fed; S&P 500 Rises Ahead Of CPI

Producer price index and consumer price index data both feed into the key Federal Reserve inflation rate.

Investors Business Daily

Stock Market Today: Nasdaq Nabs First Record Close Since 2021

While the main indexes were choppy Thursday, tech stocks Snowflake and Okta made major moves.

Kiplinger

Housing needs time to recover. Interest rates won't help.

The one thing the housing market needs may not arrive for some time.

The Street

10-Year Treasury Yield Falls Again, But Friday's Jobs Report May Surprise

The 10-year Treasury yield could fall to 4% if the jobs report shows the unemployment rate rising to 4% on Friday.

Investors Business Daily

Will Friday's Jobs Report End 10-Year Treasury Yield Bloodbath?

Friday's jobs report will likely be solid, and maybe even stronger. Relief from the surging 10-year Treasury yield is coming, but not yet.

Investors Business Daily

The CPI Inflation Rate Is Heating Up Again. Here's Why The Fed Will Stay Cool.

The CPI inflation rate is expected to rise again as gas prices bite, but easing core inflation and a slowing consumer are good news for the Fed.

Investors Business Daily

Fed Meeting: 'Hawkish Pause' May Cap Upside For S&P 500

This week's Federal Reserve meeting may undo May's dovish policy shift, pointing to a July rate hike and chilling the S&P 500 rally.

Investors Business Daily

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Investors Business Daily

Debt-Ceiling Deal Is Done. Why Recession And Stock-Market Drop May Follow.

The debt-ceiling deal has only mild spending curbs, but one detail could help tip the U.S. economy into a recession and derail the stock market.

Bangkok Post

US growth cools in first quarter

WASHINGTON: US economic growth lost steam in the first quarter this year, the Commerce Department said on Thursday, as the possibility of a mild recession brews while consumer spending weakens.

AFP

US growth cools in first quarter as recession fears deepen

Washington (AFP) - US economic growth lost steam in the first quarter as gloomier business investment countered a rise in consumer spending, the Commerce Department said Thursday, while the possibility of a mild recession brews.

AFP

US hiring eases in March as economy shows signs of cooling

Washington (AFP) - US job gains eased in March for a second straight month, government data showed Friday, adding to signs that the world's largest economy is cooling as policymakers push on in their fight against inflation.

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news in one place.

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Investors Business Daily

Federal Reserve Rate-Hike Odds Dive As Latest Bank Fix Has Holes; S&P 500 Falls

A Federal Reserve rate hike next week looks less likely as bank stocks and the broader S&P 500 resumed their fall on Friday.

WEKU

Despite high inflation, Americans are spending like crazy – and it's kind of puzzling

Americans began the new year with a spending spree, but businesses are not sure how long it can last. There's a lot riding on the answer, since consumer spending is the backbone of the U.S. economy.

AFP

Fed's preferred inflation gauge and home sales rise, fueling concern

Washington (AFP) - A key indicator of US inflation rose in January as new home sales jumped more than expected, said government data released Friday, feeding fears that interest rates could stay high for longer.

AFP

Fed's preferred inflation gauge up as spending bounces

Washington (AFP) - A key indicator of US inflation rose in January, according to government data released Friday, while spending bounced after retail sales were boosted by good weather.

AFP

US retail sales rebound on biggest gain since 2021

Washington (AFP) - Retail sales in the United States rebounded in January, said government data released Wednesday, logging the biggest gain since 2021 as policymakers watch for signs that consumer demand is cooling in the longer run.

Bangkok Post

US Fed set to slow rate hikes

WASHINGTON: The US Federal Reserve started the second day of its policy meeting on Wednesday, on growing expectations that it will step down to a smaller interest rate hike as red-hot inflation shows signs of cooling.

AFP

Cooling US inflation lifts hope for smaller Fed rate hike

Washington (AFP) - Slowing inflation and a cooling property sector are fueling expectations that the US central bank can adopt a smaller interest rate hike this week, as policymakers assess current efforts to rein in prices.

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