Trump to Name New BLS Commissioner and Fed Board Nominee
President Trump will name a new Bureau of Labor Statistics commissioner in days after firing the previous head, and plans to nominate a candidate for the open Federal Reserve board seat.
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Fed Holds Rates Steady Amid Trade War and Middle East Tensions
The Fed held its key interest rate steady on June 18, balancing trade-war inflation risks and global uncertainty tied to the Middle East conflict.
US Inflation Slows in January but Remains Above Fed’s Target
US inflation slightly eased in January with the PCE Price Index at 2.5%, but remains above the Fed’s 2% target. Consumers expect 3.5% inflation in the next decade.
Fed Chair Powell Signals Possible Rate Cut as Inflation Eases
Federal Reserve Chair Jerome Powell addresses the Jackson Hole symposium, hinting at a potential interest rate cut in September as inflation approaches the Fed’s target.
Fed Maintains High Rates, Straining Global Economies
The Fed’s decision to keep interest rates high continues to strain the global economy, weakening currencies and increasing debt burdens in emerging markets.