- From cnbc.com|9 hr ago|3 comments
The Federal Reserve is risking tipping the economy into contraction by not cutting interest rates now, according to the author of a time-tested rule for when recessions happen. Economist Claudia Sahm has shown that when the unemployment rate’s three-month average is half a percentage point higher than its 12-month low, the economy is in recession. As the ...
- From msn.com|11 hr ago
Federal Reserve officials, encouraged by recent data, are looking for more confirmation that inflation is sustainably cooling and for any warning signs from a still-strong labor market as they steer cautiously toward a potential policy easing later this year. "I expect interest rates to come down gradually over the next couple of years, reflecting the fact ...
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