Joining me now is the Wall Street Journal's chief economics correspondent, Nick Timmeros. It's great to have you back. Nice to see you.Thanks for having me, Scott. Seems like Mr. . Griffin is aligned with many on on the Fed right now.Maybe you'll get one. But there seems to be caution expressed by many of the Fed speakers we've heard this week, including today Austin Goulby said, quote, "I'm just a little uneasy with too much frontloading until we're sure that inflation is is coming down." Yeah, that's righ ...

ToplineThe U.S. economy grew at a rate much higher than originally reported in the second quarter as consumer spending rose, according to revised data released Thursday by the Commerce Department, bringing surprise to economists. One economist noted a revision to economic growth—nearly 1% above initial reports—was “outside the norm.”Getty ImagesKey FactsReal gross domestic product increased at an annual rate of 3.8% in the second quarter, up from an earlier revision of 3.3% and initial reports of 3% growth, ...

ToplineFederal Reserve Chair Jerome Powell on Tuesday said a weakening labor market in the U.S. has outweighed concerns about growing inflation, prompting the central bank to lower interest rates last week for the first time in months amid pressure from President Donald Trump. A recent decision by the central bank leaves the U.S. “well-positioned” to respond to economic developments, Powell said.Copyright 2025 The Associated Press. All rights reserved.Key FactsPowell, during an address Tuesday in Providence ...

Chicago Federal Reserve President Austan Goolsbee expressed caution Tuesday about lowering interest rates as the U.S. economy grapples with the forces of slower growth and a weaker labor market.While he joined the rest of the Federal Open Market Committee last week in voting to cut the central bank's key borrowing rate, he told CNBC that further moves would depend on economic progress."I'm OK with moving to be in a better spot, and I think eventually, at a gradual pace, rates can come down a fair amount if ...

The futures this morning are pulling back after another pretty good week, but we're going to talk fixed income. Joining us now, U Jay Barry, JP Morgan, head of global rate strategy. I'm warming up to your I think you get sold uh short the the whole fixed income uh area.Jay, because you know, the market's been doing so well. I've heard you can get 7%. Pretty much not necessarily risk-free, but extend duration a little.maybe not, you know, treasuries and that's about what the market can do if it just cools of ...

As widely expected, the Federal Reserve lowered rates by 25 basis points yesterday, Sept. 17. It was the first rate cut by the U.S. central bank in 2025, and the so-called dot plot calls for another 50-basis-point rate cut this year. Notably, the rate cut came at a time when inflation is still running above the Fed’s 2% target. The Fed maintained its 2025 core Personal Consumption Expenditures (PCE) inflation projection at 3.1% while raising the 2026 forecast from 2.4% to 2.6%. The Fed also raised its 202 ...

We'll monitor further comments from the president, but right now, jobless claims in Philadelphia Fed manufacturing data hitting the wires. Rick Santelli standing by with those numbers. Rick.Yes. And there's some surprising issues here. Initial jobless claims expected to be 240,000 comes in light.231,000. That'll be the smallest number of initial claims going back to the third week in August. But here's the rub.263,000 last week, a jump at 37,000, and it was highly unexpected. It was said to be an error, an ...

The Federal Reserve cut its benchmark interest rate Wednesday for the first time in nine months. Since the last cut, progress on inflation has slowed while the labor market has cooled. ...

The Federal Reserve lowered rates by a quarter point, but one governor voted for a bigger cut. Balancing persistent inflation and a weaker labor market was "a challenging situation,†the central bank chair said. ...

货币政策调整 - 美联储宣布年内首次降息 将基准利率下调25个基点至4%-4.25%区间[1] - 本次降息前美联储本年度前五次议息会议均维持利率不变[1] - 唯一反对票委员Miran主张更激进的50个基点降息幅度[5] 经济数据表现 - 劳动力市场呈现疲软迹象 就业增长放缓且失业率上升[2][3] - 通胀水平持续高企并呈现上升趋势 受关税相关价格上涨影响[2][3] - 就业下行风险增加对美联储实现双重目标构成挑战[2][3] 政策决策考量 - 货币政策决策基于就业最大化和2%通胀目标的双重使命[2] - 当通胀和就业指标同时偏离目标时 政策将优先关注偏离程度更大的指标[5] - 经济不确定性导致前期保持利率不变[1] 政治环境因素 - 特朗普政府持续施压美联储降息 并曾威胁解雇主席鲍威尔[6] - 针对美联储理事Cook的解雇企图因法院裁决暂被阻止[9] - 新任命理事Stephen Miran及时参与本次议息会议投票[10]