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Federal Reserve Board Chair Jerome Powell added little to his recent Congressional testimony, so despite strong retail sales data, it appears the Fed will cut rates later this month.
July 16 -
The Empire State Manufacturing Survey’s general business conditions index turned positive in July.
July 15 -
Federal Reserve Chair Jerome Powell’s testimony before Congress this week made it seem a rate cut at the end of the month is a done deal.
July 12 -
After President Trump's criticism, the Fed Chairman told the Senate Banking Committee a move would be based on what’s best for the economy.
July 11 -
With the economy strong, Federal Reserve Bank of Philadelphia President Patrick Harker said interest rates should be held for now.
July 9 -
Nonfarm payrolls rose 224,000 in June, more than expected, throwing cold water on expectation that the Federal Open Market Committee will cut rates at its July meeting.
July 5 -
After a string of proposed candidates who didn’t pan out, Trump picks new Fed nominees.
July 3 -
The dot plot showed the Federal Open Market Committee evenly split between cutting and holding rates, but it's not clear whose dots are whose.
July 2 -
The U.S. and China are again attempting to work out trade differences, and manufacturing numbers show somewhat weaker expansion. Will this be enough to spur the Federal Reserve to lower interest rates later this month?
July 1 -
Data were mixed from Commerce Department reports on personal income and spending and the University of Michigan's indexes.
June 28