Philadelphia Fed's Paulson Backs Current Rate Level, Eyes Data
Fed's Paulson says he's comfortable holding rates steady but remains open to shifting if economic conditions change.
Fed's Paulson says he's comfortable holding rates steady but remains open to shifting if economic conditions change.
Second-quarter GDP fell short of forecasts while core inflation remained sticky at 3.3%, signaling a cautious economic outlook.
Despite Trump's vow of an agricultural boom, Iowa farmers say tariffs and Middle East conflict are squeezing their bottom lines.
The Federal Reserve kept its benchmark rate unchanged, but a rare three-dissenter vote signals growing internal pressure to resume hiking.
The Federal Reserve kept interest rates unchanged this week, meeting market expectations. Here are the five biggest insights from the decision.
New Fed Chair Kevin Warsh must navigate energy shocks, AI inflation, and Trump pressure as he decides whether to hold rates steady.
The Federal Reserve is set to leave its benchmark rate unchanged this July, with direct consequences for everyday borrowers and savers.
President Trump publicly backed Kevin Warsh as Fed chair while suggesting the board could resist rate-cut pressure.
A new CNBC poll finds Americans aged 18-34 rank housing affordability above food and healthcare as their leading political concern.
The traditional corporate ladder is crumbling. Workers and investors must rethink what stability actually means in today's economy.
A new CNBC survey finds public confidence in the economy has cratered to its worst level since the pandemic's aftermath, with Trump drawing blame.
Philadelphia Fed's July manufacturing index blew past expectations, jumping to 41.4 from 10.3 in June as new orders and shipments accelerated sharply.
New home prices dropped 3.3% year-on-year in June, easing slightly from May but extending a five-year property slump with no clear bottom in sight.
New York manufacturing activity rebounded sharply in July, with the Empire State index beating estimates and signaling broad improvement across key sub-components.
The Fed's beige book found the World Cup boosted bars and restaurants but failed to spark broader economic momentum amid consumer warning signs.
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