[Tree] Mixed economic progress in the US over the past four years

Version 2.25 (2024-06-25 21:58:57.754000)

updates: Updated information on wage gains, housing affordability, and gas prices

Version 2.24 (2024-06-25 10:56:05.047000)

updates: Updated information on wage gains, housing market, and gas prices

Version 2.23 (2024-06-25 09:54:00.864000)

updates: Provides a comprehensive overview of the economic progress in the US over the past four years

Version 2.22 (2024-06-18 13:55:15.381000)

updates: Includes information on how wage growth has outpaced inflation

Version 2.21 (2024-06-14 14:56:08.371000)

updates: American optimism about the economy despite lingering concerns

Version 2.2 (2024-06-13 14:55:40.452000)

updates: Highlights challenges and concerns in Joe Biden's economy

Version 2.19 (2024-06-10 11:57:18.381000)

updates: President Biden celebrates the jobs report and criticizes Trump

Version 2.18 (2024-06-08 14:55:56.196000)

updates: Rep. Maxwell Frost praises White House for positive jobs report

Version 2.17 (2024-06-08 01:55:57.016000)

updates: May 2024 jobs report released, indicating strong job market and economic boom

Version 2.16 (2024-06-08 01:53:09.703000)

updates: New information on job growth, unemployment rate, wage growth, inflation concerns, and small business concerns

Version 2.15 (2024-06-08 00:55:17.181000)

updates: US hiring and wage growth exceeded expectations

Version 2.14 (2024-06-08 00:54:23.018000)

updates: Raises concerns about inflation despite positive indicators

Version 2.13 (2024-06-07 23:55:58.641000)

updates: Mixed views on the report, doubts about rate cuts

Version 2.12 (2024-06-07 23:54:52.698000)

updates: Includes more details on the May jobs report and its implications

Version 2.11 (2024-06-07 22:56:21.823000)

updates: Provides more details on the May jobs report and its impact on the Federal Reserve's decision-making

Version 2.1 (2024-06-07 22:55:53.740000)

updates: Unemployment rate rises to 4% despite job growth

Version 2.09 (2024-06-07 22:53:50.776000)

updates: Integration of new information about job growth and concerns

Version 2.08 (2024-06-07 22:53:21.575000)

updates: The US economy shows resilient strength as May jobs report exceeds expectations

Version 2.07 (2024-06-07 22:52:49.972000)

updates: New information on job growth, unemployment rate, labor force participation rate, and concerns over inflation and interest rates [40d826a8]

Version 2.06 (2024-06-07 21:53:46.308000)

updates: Additional information about job growth and unemployment in May

Version 2.05 (2024-06-07 21:53:11.855000)

updates: Updated information on job growth, unemployment rate, and concerns about inflation and interest rates

Version 2.04 (2024-06-07 20:55:39.197000)

updates: The US labor market added 272,000 jobs in May, surpassing expectations [672641b7]. The unemployment rate rose to 4% [672641b7]. Wage growth continued to climb [672641b7]. The labor force participation rate slipped to 62.5% [672641b7]. President Biden touts the May jobs report [672641b7].

Version 2.03 (2024-06-07 20:55:18.696000)

updates: Unemployment rate rose to 4%, wage growth continued to climb, labor force participation rate slipped to 62.5%, participation among prime-age workers rose to 83.6%, modest revisions to earlier job gains, job openings fell in April

Version 2.02 (2024-06-07 20:54:17.535000)

updates: Unemployment rate at 4%, potential inflation concerns

Version 2.01 (2024-06-07 20:54:04.463000)

updates: Integration of new information about the US labor market adding 272,000 jobs in May, surpassing expectations, and the unemployment rate dropping to 5.8% [53dffb84].

Version 2.0 (2024-06-07 20:53:53.055000)

updates: US hiring and wage growth picked up last month

Version 1.99 (2024-06-07 20:53:17.315000)

updates: Includes analysis of the jobs report and wage increases

Version 1.98 (2024-06-07 20:52:58.737000)

updates: New information on wage growth, hiring trends, and job market indicators

Version 1.97 (2024-06-07 19:54:38.512000)

updates: Incorporated additional details from Chattanooga Times Free Press

Version 1.96 (2024-06-07 19:54:20.527000)

updates: Includes additional information on job market resilience, concerns about job quality and inflationary pressures, and Biden's response to the jobs report

Version 1.95 (2024-06-07 19:53:14.352000)

updates: Mixed results in US jobs report: Unemployment increases slightly despite strong job growth

Version 1.94 (2024-06-07 19:52:55.411000)

updates: Unemployment increased to 4% despite strong job growth

Version 1.93 (2024-06-07 18:54:07.696000)

updates: The May jobs report in the US had mixed results, with both positive and negative indicators. On the positive side, there was an explosion in payrolls, with the US economy adding 272,000 jobs in May, surpassing economists' expectations. Average hourly earnings also increased by 0.4% in May and by 4.1% over the past year, indicating positive wage growth. The unemployment rate rose to 4% from 3.9% in April, the first time in over two years that it is not below 4%. These mixed results indicate a complex economic situation that requires further analysis. The overall economy is slowing, as reflected in the lower pace of economic expansion and a decline in corporate profits. President Joe Biden touts the May jobs report, which showed that the U.S. economy added 272,000 nonfarm payrolls in May, surpassing the Dow Jones consensus estimate of 190,000. The unemployment rate rose from 3.9% to 4%, and the labor force participation rate decreased slightly to 62.5%. Biden calls it 'the great American comeback' and criticizes Congressional Republicans' economic plan. According to a Bloomberg opinion article, the recent job numbers may not be as positive as they seem. While the job gains may appear impressive, they are largely driven by low-wage and part-time jobs, while higher-paying and full-time positions are still struggling to recover. The article also highlights that the labor force participation rate remains low, indicating that many people have dropped out of the job market. The US Bureau of Labor Statistics reported that job employment accelerated in May to 272,000, but the unemployment rate also jumped to 4%. Senior Economist for Zion Bank, Robert Spendlove, explained that while this may seem like a good thing, it actually poses concerns about the labor market overheating.

Version 1.92 (2024-06-07 18:53:04.236000)

updates: The US economy added 272,000 jobs in May, surpassing expectations. The jobless rate rose slightly to 4% from 3.9%, breaking a 27-month streak of below-4% unemployment. Wage gains for the month pushed up average hourly earnings to 4.1% over the past year. The Federal Reserve is considering whether to cut interest rates, but the strong job growth makes a case against it. The job gains were higher than April's total and well above expectations. The service sector accounted for the bulk of the job gains, with health care and social assistance leading the way. The unemployment increase can be attributed to workers 24 and under, while prime-age employment rose. The labor market is still showing strength, with the labor force participation rate for prime working-age women reaching a fresh all-time high of 78.1% in May.

Version 1.91 (2024-06-07 17:53:35.981000)

updates: The US economy added 272,000 jobs in May, surpassing expectations

Version 1.9 (2024-06-07 17:53:08.368000)

updates: President Biden's response to the May jobs report

Version 1.89 (2024-06-07 17:52:43.677000)

updates: Updated job numbers and analysis

Version 1.88 (2024-06-07 16:55:22.764000)

updates: Inclusion of additional information about concerns regarding labor market overheating, potential inflation, and the leading industries in job growth

Version 1.87 (2024-06-07 16:55:04.088000)

updates: Updated job gains, wage growth, and unemployment rate

Version 1.86 (2024-06-07 16:54:33.152000)

updates: Updated job numbers, unemployment rate, and analysis of the job market

Version 1.85 (2024-06-07 16:53:44.624000)

updates: Integration of new information about robust job growth and economic confidence

Version 1.84 (2024-06-07 16:53:33.005000)

updates: The Bloomberg opinion article provides a more critical perspective on the job numbers, highlighting underlying issues such as the prevalence of low-wage and part-time jobs, the low labor force participation rate, and concerns about job quality and inflationary pressures.

Version 1.83 (2024-06-07 16:53:01.649000)

updates: The May jobs report in the US had mixed results, with both positive and negative indicators. On the positive side, there was an explosion in payrolls, with the US economy adding 272,000 jobs in May, surpassing economists' expectations. Average hourly earnings also increased by 4.1% over the past year, indicating positive wage growth. However, there were some weaker spots in the labor market. The unemployment rate rose to 4%, the first time in over two years that it is not below 4%. This rise in unemployment was attributed to a decline in employment as measured by the household survey. Additionally, while there were fewer job cuts announced in May, hiring announcements also slumped. These mixed results indicate a complex economic situation that requires further analysis. The overall economy is slowing, as reflected in the lower pace of economic expansion and a decline in corporate profits.

Version 1.82 (2024-06-07 16:52:45.675000)

updates: Positive job growth exceeds expectations [e5032fef]

Version 1.81 (2024-06-07 15:55:39.991000)

updates: Mixed results in May jobs report highlight complexity of economic situation

Version 1.8 (2024-06-07 15:55:25.902000)

updates: New information on job growth and its impact on interest rates

Version 1.79 (2024-06-07 15:55:00.925000)

updates: New information on mortgage rates and rate cuts

Version 1.78 (2024-06-07 15:54:41.356000)

updates: New information on consumer spending, wages, and Federal Reserve's interest rate decision

Version 1.77 (2024-06-07 15:54:07.184000)

updates: Added details about the strong jobs report and its impact on the US economy and Federal Reserve

Version 1.76 (2024-06-07 15:53:52.237000)

updates: Updated job numbers, wage growth, and reactions from experts

Version 1.75 (2024-06-07 15:53:28.050000)

updates: The US economy added 272,000 jobs in May, surpassing expectations. The stock market reacted negatively to the jobs report. The US services sector rebounded in May. Canada's labor market added 27,000 jobs in May. The strong job growth and wage growth in the US suggest that a rate cut by the Federal Reserve is unlikely. Acting Labor Secretary Julie Su sees the May jobs report as a 'soft landing' for the Federal Reserve. The blowout May employment report eases concerns about a softening US economy.

Version 1.74 (2024-06-07 15:53:05.836000)

updates: Economists' reactions to the May jobs report

Version 1.73 (2024-06-07 15:52:41.413000)

updates: Acting Labor Secretary Julie Su's statement on the May jobs report

Version 1.72 (2024-06-07 14:56:01.589000)

updates: The US Labor Department reported that non-farm payrolls in May rose by 272,000 jobs, surpassing the average forecast of 185,000 jobs. The strong employment report puts pressure on the Federal Reserve to delay interest rate cuts until at least September. However, the unemployment rate ticked up to 4.0% from 3.9% in April, and job openings declined in April. The Fed is closely monitoring labor market conditions and economic growth to avoid keeping rates too high for too long.

Version 1.71 (2024-06-07 14:55:43.538000)

updates: Added perspective from Acting Labor Secretary Julie Su

Version 1.7 (2024-06-07 14:54:54.595000)

updates: The US economy added 272,000 jobs in May, giving President Joe Biden a boost

Version 1.69 (2024-06-07 14:54:29.370000)

updates: Unemployment rate rose to 4%, conflicting data suggests cooling labor market

Version 1.68 (2024-06-07 14:54:09.632000)

updates: New information on job growth, unemployment rate, and wage growth

Version 1.67 (2024-06-07 14:53:45.608000)

updates: Updated job growth and unemployment rate figures

Version 1.66 (2024-06-07 14:53:21.470000)

updates: The US economy added 272,000 jobs in May, surpassing expectations. The unemployment rate increased to 4%.

Version 1.65 (2024-06-07 14:52:59.526000)

updates: Updated job numbers, unemployment rate, and wage growth

Version 1.64 (2024-06-07 13:55:26.096000)

updates: Updated job numbers and market reaction

Version 1.63 (2024-06-07 13:55:06.508000)

updates: The US economy added 272,000 jobs in May, exceeding expectations. The unemployment rate increased to 4%.

Version 1.62 (2024-06-07 13:54:45.417000)

updates: Updated job numbers, unemployment rate, and stock market reaction

Version 1.61 (2024-06-07 13:54:26.548000)

updates: US economy adds 272,000 jobs, unemployment rate rises to 4%

Version 1.6 (2024-06-07 13:53:47.284000)

updates: Unemployment rate rises to 4% despite strong job growth

Version 1.59 (2024-06-07 13:53:27.733000)

updates: The May employment report shows that employers added 272,000 nonfarm payrolls in May, surpassing the forecast of 180,000. April hiring was revised down to 165,000 from 175,000, and March hiring was lowered to 310,000 from 315,000. Average hourly earnings rose 0.4% in May, exceeding the forecast of 0.3%. Services sectors were the main drivers of job growth, with health care and social assistance jobs contributing the most. Leisure and hospitality jobs also saw a significant increase. Revisions subtracted 15,000 jobs from April and March tallies. Wage growth in May was the fastest since January, which will keep the Federal Reserve focused on its inflation fight. The May jobs report did not indicate a significant slowdown in the U.S. labor market. The Federal Reserve has a target of 2% annual inflation.

Version 1.58 (2024-06-07 13:52:44.823000)

updates: US employers added 272,000 jobs in May, a sign of sustained economic health

Version 1.57 (2024-06-07 13:13:16.845000)

updates: Added information about the rebound in the US services sector and the job market in Canada

Version 1.56 (2024-06-07 12:56:09.881000)

updates: New information about the US job market in May

Version 1.55 (2024-06-07 12:55:55.591000)

updates: Unemployment rate rises to 4%

Version 1.54 (2024-06-07 12:55:41.354000)

updates: Updated job figures and impact on Federal Reserve's decision

Version 1.53 (2024-06-07 12:54:45.061000)

updates: Includes stock market reaction and investor sentiment

Version 1.52 (2024-06-07 12:54:22.159000)

updates: Unemployment rate rises slightly to 4%

Version 1.51 (2024-06-07 12:53:36.115000)

updates: US economy adds 272,000 jobs in May, exceeding expectations

Version 1.5 (2024-06-07 12:53:23.399000)

updates: Unemployment rate rises to 4%

Version 1.49 (2024-06-07 12:53:10.921000)

updates: The US labor market added more jobs than expected in May, with the unemployment rate rising slightly. Wage growth continues, and the stock market has reached record highs. The Federal Reserve may cut interest rates in September.

Version 1.48 (2024-06-07 12:52:55.806000)

updates: The US labor market added 272,000 nonfarm payroll jobs in May, significantly more than the 185,000 expected by economists. The unemployment rate rose to 4% from 3.9% the month prior. Wages increased 4.1% year over year and 0.4% on a monthly basis. The labor force participation rate slipped to 62.5% from 62.7% the month prior, but participation among prime-age workers rose to 83.6%, its highest level in 22 years. The largest job increases were seen in healthcare, government employment, and leisure and hospitality sectors. The stock market has hit record highs amid softer-than-expected economic data, leading to increased investor confidence that the Federal Reserve could cut interest rates in September.

Version 1.47 (2024-06-07 12:52:41.517000)

updates: Higher-than-expected job additions in May, rise in unemployment rate, rebound in job growth, increase in wages, slip in labor force participation rate, record highs in stock market, potential interest rate cut by the Federal Reserve

Version 1.46 (2024-06-07 11:53:14.482000)

updates: The May jobs report is expected to show a gain of 190,000 jobs. Jobs and wage growth have lost momentum but still signal overall vigor in the labor market. The unemployment rate has drifted up to 3.9 percent in April. Demand for summer help appears to be strong. The share of people between the ages of 16 and 19 who are working rose during the pandemic but is still below historical averages. Stock markets have rallied this week despite signs of a cooling labor market. Investors expect the Fed to begin cutting interest rates in September but have increased bets that it will start in July.

Version 1.45 (2024-06-07 11:52:50.182000)

updates: The US jobs report for May indicates slower growth in the labor market. The unemployment rate remains unchanged at 3.9%. Wage growth is gradually slowing. The Federal Reserve is not expected to consider interest-rate cuts based on the report. The US labor market may have experienced lower payroll gains than previously reported. Rising slack in the labor market has been attributed to immigration. Some analysts see the labor market weakening significantly and predict rate cuts could happen sooner. The job market is showing signs of softening, with job openings declining in April and small businesses indicating a hiring slowdown. The May 2024 jobs report is expected to show slower but still-steady growth in the U.S. labor market.

Version 1.44 (2024-06-07 10:54:05.818000)

updates: The US job market is showing signs of cooling and slower growth. The May jobs report indicates a steady slowdown in the labor market, with employers adding 180,000 jobs, similar to April. Wage growth is gradually slowing, and economists anticipate a softening in wage data. The Federal Reserve is not expected to consider interest-rate cuts based on the report. The US labor market is expected to continue to soften in the months ahead. The potential overestimation of payroll gains by the Bureau of Labor Statistics (BLS) data suggests lower job gains than previously reported. Rising slack in the labor market has been attributed to immigration. Some analysts predict rate cuts could happen sooner and recommend real estate as a sector to consider investing in due to lower rates. The US economy is cooling in a way that would be welcomed by the Federal Reserve's inflation fighters. Job openings have declined, and small businesses indicate a hiring slowdown. The May 2024 jobs report is expected to show slower but still-steady growth in the US labor market. The labor market is gradually stabilizing, with hiring rates improving for higher-paid workers. The number of job applications per applicant has increased, indicating a competitive job market [44430011] [f60ec709] [c099aa7b] [51996a8a] [a9deb675] [4798a892].

Version 1.43 (2024-06-07 10:53:16.086000)

updates: The US jobs report for May confirms a steady slowdown in the labor market, with 180,000 jobs added and an unchanged unemployment rate of 3.9%. Average hourly earnings rose 0.3% in May, with wages increasing 3.9% in the past 12 months. The Federal Reserve is not expected to consider interest-rate cuts based on the report. The US labor market is entering a period of slower job growth and softer wage gains. The potential overestimation of payroll gains by the Bureau of Labor Statistics (BLS) suggests lower job gains than previously reported. Rising slack in the labor market has been attributed to immigration. Economists predict a gradual slowdown in job growth and wage gains. The US economy is cooling, with fewer available jobs and slowing wage growth. The job market is showing signs of softening, with declining job openings and a hiring slowdown in small businesses. The May 2024 jobs report is expected to show slower but still-steady growth in the US labor market.

Version 1.42 (2024-06-07 09:53:10.314000)

updates: Provides additional details on the May jobs report and its implications

Version 1.41 (2024-06-07 09:52:47.779000)

updates: Updated information on US jobs report for May

Version 1.4 (2024-06-07 08:56:30.798000)

updates: US job growth expected to remain moderate in May

Version 1.39 (2024-06-07 08:53:48.882000)

updates: The US jobs report for May confirms a steady slowdown in the labor market, with employers adding 180,000 jobs. Wage growth is gradually slowing, and the unemployment rate remains unchanged at 3.9%. The Federal Reserve is not expected to consider interest-rate cuts based on the report. The report suggests that the US economy is stepping down from the robust pace of growth seen last year. The labor market is expected to continue to soften in the months ahead [f60ec709].

Version 1.38 (2024-06-07 08:53:26.391000)

updates: The US labor market may have experienced lower payroll gains than previously reported. The potential overestimation is attributed to adjustments made by the BLS to account for business openings and closures, particularly affecting small firms. The influx of non-citizens to the workforce has contributed to the increase in labor supply, which has helped reduce wage pressures and limit inflation. Some analysts see the labor market weakening significantly and predict rate cuts could happen sooner. The Biden administration is pushing for additional fiscal stimulus to support the economy.

Version 1.37 (2024-06-07 07:53:35.537000)

updates: Updates on the state of the US job market and expectations for the May employment report

Version 1.36 (2024-06-07 05:54:13.170000)

updates: Updates on job growth expectations in May and wage gains

Version 1.35 (2024-06-07 04:52:40.772000)

updates: US job market shows signs of cooling with slower wage growth and fewer available jobs

Version 1.34 (2024-06-06 18:53:43.140000)

updates: May's nonfarm payrolls expected to show a more-balanced labor market

Version 1.33 (2024-06-06 13:53:04.993000)

updates: May jobs report preview, potential overestimation of payroll gains, labor market moderation, Biden's view on job market cooling

Version 1.32 (2024-06-06 12:54:01.128000)

updates: Potential overestimation of payroll gains, challenges in the labor market

Version 1.31 (2024-06-06 09:53:02.626000)

updates: New information on rising unemployment and moderation in the labor market in May

Version 1.3 (2024-06-05 16:52:46.397000)

updates: May jobs report forecast, expected job growth in May

Version 1.29 (2024-06-04 16:58:59.222000)

updates: Analysis of the US May Jobs Report and its Implications for the Economy

Version 1.28 (2024-05-06 05:52:31.178000)

updates: Discussion of challenges of a cooling jobs market and the need for comprehensive measures to address economic issues

Version 1.27 (2024-05-05 22:52:14.265000)

updates: American investors cautious amid signs of a slowing economy

Version 1.26 (2024-05-05 15:53:46.622000)

updates: Inclusion of disappointing April jobs report and revisions to previous months' employment figures

Version 1.25 (2024-05-05 02:54:17.760000)

updates: Provides more details on the sectors with employment growth and President Biden's perspective

Version 1.24 (2024-05-04 21:51:28.065000)

updates: April jobs report shows weaker job growth, below expectations

Version 1.23 (2024-05-04 17:51:57.182000)

updates: April jobs report misses expectations, signaling a possible slowdown

Version 1.22 (2024-05-04 16:51:43.981000)

updates: April jobs report shows weaker job growth and a slowdown in wage growth

Version 1.21 (2024-05-04 14:55:27.715000)

updates: US employers added 175,000 jobs in April, below expectations

Version 1.2 (2024-05-04 05:53:46.716000)

updates: The weak jobs report aligns with the Federal Reserve's goals of cooling the labor market and preventing inflation from rising. Investors are now expecting interest rate cuts in September as a result of the cooling labor market. Bond market investors are already pricing in a 25 basis point rate cut for September. Overall, the weak jobs report is seen as a positive development for the Fed's inflation fight and for the markets.

Version 1.19 (2024-05-04 02:53:14.868000)

updates: Integration of new information on job growth slowdown and potential for Fed interest rate cuts

Version 1.18 (2024-05-04 00:51:20.169000)

updates: April jobs report shows weaker job growth and rise in unemployment rate

Version 1.17 (2024-05-03 23:55:13.580000)

updates: US job growth slows in April, unemployment rate rises to 3.9%

Version 1.16 (2024-05-03 20:53:31.338000)

updates: Additional insights from T. Rowe Price Chief US Economist Blerina Uruci

Version 1.15 (2024-05-03 17:53:10.874000)

updates: Integration of the latest US jobs report, aligning with Federal Reserve's goals

Version 1.14 (2024-05-03 16:51:21.903000)

updates: Discussion of Federal Reserve officials' views on rate hikes

Version 1.13 (2024-05-03 11:52:28.446000)

updates: Incorporates information about the discrepancy between the job market narrative and wage data

Version 1.12 (2024-05-02 17:51:14.562000)

updates: The Federal Reserve is considering the job market as it contemplates when to cut interest rates

Version 1.11 (2024-05-02 16:51:25.109000)

updates: Jerome Powell expresses confidence in the US economy and dismisses stagflation concerns

Version 1.1 (2024-05-02 15:54:08.503000)

updates: Real estate and mortgage industry reactions to the Fed's policy announcement

Version 1.09 (2024-05-02 15:52:37.768000)

updates: The Federal Reserve decided to keep interest rates unchanged and acknowledged that progress on inflation has stalled. The Fed also announced a slower pace of reducing its balance sheet. The odds of rate cuts in September and November improved slightly following Powell's press conference. The Fed's decision indicates a divergence in global monetary policy, with the U.S. economy and monetary policy diverging from other developed markets. Powell mentioned that the U.S. has stronger growth and low unemployment, allowing the Fed to hold interest rates steady for longer. However, he stated that the Fed is ready to take action if there is an unexpected weakening in the U.S. economy. Unemployment ticking above 4% is unlikely to trigger rate cuts unless there is a significant weakening in the labor market. Overall, the Fed's decision and Powell's remarks suggest a cautious approach to monetary policy.

Version 1.08 (2024-05-02 13:52:15.792000)

updates: The US Federal Reserve's decision to hold interest rates steady at a range of 5.25% to 5.5% reflects its ongoing struggle with stubborn inflation in the country. The decision also highlights the Federal Reserve's strategy to wait for inflation to stabilize within its target range before considering any rate adjustments. The Fed has revised its projection for rate cuts, now expecting just one rate cut in November. The Fed also announced a slower pace of unwinding its COVID-era policies. The decision to maintain interest rates and adjust its balance sheet runoff reflects the Fed's cautious approach to managing economic uncertainties. The impact of higher interest rates and stubborn inflation on the economy will likely impact voter decisions in upcoming US elections.

Version 1.07 (2024-05-02 11:53:58.108000)

updates: The US Federal Reserve's decision to hold interest rates steady at a two-decade high reflects concerns about persistent inflation and the need for greater confidence in slowing price increases. Recent reports challenge the belief that inflation was decreasing. The combination of high interest rates and persistent inflation could pose a threat to President Joe Biden's re-election bid. Powell expressed optimism about inflation but acknowledged that gaining greater confidence will take longer than expected. The Fed's previous projection of three rate reductions in 2024 has shifted to expecting just one rate cut in November. Wall Street initially reacted positively to the prospect of rate cuts, but stock prices later erased their gains. The Fed also announced a slower pace of unwinding its COVID-era policies. Inflation in the US has reversed a downward trend and now stands at 3.5%. The Bank of England is expected to keep borrowing costs unchanged, while the European Central Bank may consider interest rate cuts later this summer. Economist Darrell Spence believes there is a strong chance the US Federal Reserve will not cut interest rates this year due to higher-than-expected inflation. The decision to hold interest rates steady is based on a lack of further progress in bringing down inflation. The impact of higher interest rates and stubborn inflation on the economy will likely impact voter decisions in upcoming US elections. The Fed is not expected to lower its target rate benchmarks until September.

Version 1.06 (2024-05-02 11:52:44.556000)

updates: Updates on inflation, impact on the economy, and voter decisions

Version 1.05 (2024-05-02 10:52:48.839000)

updates: Analysis by Capital Group suggests the Fed may not cut rates

Version 1.04 (2024-05-02 09:53:55.122000)

updates: Federal Reserve's decision to maintain interest rates, Powell's statement on gaining greater confidence, slower pace of unwinding policies

Version 1.03 (2024-05-02 08:51:45.767000)

updates: Information about inflation rates and the decisions of the Bank of England and the European Central Bank

Version 1.02 (2024-05-02 06:53:39.374000)

updates: Federal Reserve maintains two-decade high interest rates

Version 1.01 (2024-05-02 05:53:05.244000)

updates: US Federal Reserve maintains steady interest rates

Version 1.0 (2024-05-02 04:55:05.321000)

updates: US Federal Reserve keeps interest rates steady at 23-year high

Version 0.99 (2024-05-02 04:52:42.253000)

updates: Powell's speech highlights cautious approach and dismisses stagflation worries

Version 0.98 (2024-05-02 04:52:28.583000)

updates: The US Federal Reserve maintains interest rates at a 23-year high to combat inflation

Version 0.97 (2024-05-02 03:54:52.001000)

updates: New information on the US Federal Reserve's commitment to maintaining interest rates and addressing inflation concerns

Version 0.96 (2024-05-02 03:53:24.748000)

updates: The US Federal Reserve's decision to maintain interest rates at a two-decade high until inflation slows further

Version 0.95 (2024-05-02 03:53:11.644000)

updates: US Federal Reserve signals potential reductions in the future amid concerns about inflation

Version 0.94 (2024-05-02 02:56:49.258000)

updates: The US Federal Reserve's decision to maintain interest rates, the Fed's cautious approach, and the announcement to slow the pace of decline of its securities holdings

Version 0.93 (2024-05-02 02:56:36.882000)

updates: US Federal Reserve vows to hold policy rate 'as long as appropriate' to bring inflation down

Version 0.92 (2024-05-02 02:54:54.376000)

updates: Federal Reserve's decision to maintain high interest rates, shift from previous projection of rate reductions

Version 0.91 (2024-05-02 02:53:35.696000)

updates: The Fed signals 'lack of further progress' on inflation

Version 0.91 (2024-05-02 02:53:35.696000)

updates: The Fed signals 'lack of further progress' on inflation

Version 0.9 (2024-05-02 02:52:22.756000)

updates: Powell keeps open the possibility of rate cuts

Version 0.89 (2024-05-01 23:57:10.599000)

updates: New information on the Fed's decision to keep interest rates unchanged and its focus on inflation

Version 0.89 (2024-05-01 23:57:10.599000)

updates: New information on the Fed's decision to keep interest rates unchanged and its focus on inflation

Version 0.88 (2024-05-01 23:52:31.392000)

updates: The Federal Reserve signals that interest rates will remain at a two-decade high until inflation cools further

Version 0.87 (2024-05-01 23:51:37.639000)

updates: Jerome Powell's comments on interest rates and inflation

Version 0.86 (2024-05-01 22:54:05.336000)

updates: Fed's concern about lack of progress towards inflation target

Version 0.85 (2024-05-01 22:53:24.074000)

updates: Fed officials are more cautious about rate cuts; Inflation remains sticky; Fed plans to shrink balance sheet more slowly

Version 0.84 (2024-05-01 21:51:49.563000)

updates: Fed officials are more cautious about rate cuts; Inflation remains sticky; Fed plans to shrink balance sheet more slowly

Version 0.83 (2024-05-01 20:57:03.346000)

updates: Includes analysis of the Federal Reserve's decision and future outlook

Version 0.82 (2024-05-01 20:54:40.923000)

updates: The Federal Reserve's decision to hold interest rates steady and delay rate cuts, the Fed's focus on inflation, the plan to slow the pace of balance-sheet reduction, the possibility of a single rate cut this year, the Fed's cautious approach, Powell's comments on interest rates remaining higher for a longer period of time, the potential collision of the Fed's adjustments with the political calendar, the announcement of shrinking the balance sheet of bond holdings more slowly

Version 0.81 (2024-05-01 20:54:05.848000)

updates: The Fed signals delay in rate cuts due to sticky inflation

Version 0.8 (2024-05-01 20:53:22.697000)

updates: Federal Reserve indicates rates will stay high for longer

Version 0.79 (2024-05-01 20:52:47.569000)

updates: Federal Reserve signals longer period of high rates amid sticky inflation

Version 0.78 (2024-05-01 19:54:59.920000)

updates: Federal Reserve Chair Powell indicates higher interest rates

Version 0.77 (2024-05-01 19:53:23.109000)

updates: Federal Reserve signals higher interest rates amid economic recovery

Version 0.76 (2024-05-01 19:52:22.060000)

updates: The US Federal Reserve maintains interest rates at 23-year high

Version 0.75 (2024-05-01 19:51:58.996000)

updates: The US Federal Reserve maintains its cautious stance on interest rates amid sticky inflation

Version 0.74 (2024-05-01 19:51:21.452000)

updates: The Federal Reserve's decision to keep interest rates steady, the plan to slow the pace of its balance-sheet reduction program, and the possibility of only one rate cut this year have been added to the story

Version 0.73 (2024-05-01 18:58:11.645000)

updates: Fed plans to slow balance-sheet reduction program

Version 0.72 (2024-05-01 18:57:30.488000)

updates: The US Federal Reserve has decided to keep interest rates unchanged at 5.25%-5.50% in an important policy meeting. This marks the sixth consecutive meeting where rates have remained steady. Fed Chair Jerome Powell had previously indicated three rate cuts in 2024, but this is now in doubt. The decision to maintain rates is based on economic data that has not shown a need for rate cuts. Investors will be watching Powell's statements for insight into the Fed's future actions.

Version 0.71 (2024-05-01 18:56:18.781000)

updates: The Federal Reserve has decided to keep interest rates unchanged due to a lack of further progress on inflation. The decision reflects an abrupt shift in the Fed's timetable on interest rates, as it had previously projected three rate reductions in 2024. Financial markets now expect only one rate cut this year, in November. The Fed also announced plans to slow the pace of its balance-sheet reduction program. Some Fed officials speculate that the current level of interest rates might not be high enough to have the desired cooling effect on the economy and inflation, and the Fed might consider switching back to rate increases at some point.

Version 0.7 (2024-05-01 18:55:43.959000)

updates: The Federal Reserve's decision to keep interest rates unchanged and its plans to slow the pace of its balance-sheet reduction program

Version 0.69 (2024-05-01 18:55:16.492000)

updates: The Federal Reserve's decision to hold interest rates steady reflects concerns about inflation and a lack of progress toward the 2% inflation goal. Recent data shows rising CPI and slower GDP growth. Fed officials are cautious about rate cuts due to persistent inflation and a strong economy. The Fed plans to slow the pace of its balance-sheet reduction program. Financial markets expect only one rate cut this year. The Fed will continue to monitor inflation, employment, economic growth, and global developments. Some Fed officials speculate that the current interest rates might not be high enough to have the desired cooling effect on the economy and inflation.

Version 0.68 (2024-05-01 18:54:48.583000)

updates: Fed's decision to maintain interest rates at 23-year high, concerns over sticky inflation and strong economic growth, Fed's cautious approach, plans to slow balance-sheet reduction program, expectations for rate cuts later in the year

Version 0.67 (2024-05-01 18:53:41.423000)

updates: The Federal Reserve announces plans to slow the pace of its balance-sheet reduction program. Financial markets now expect only one rate cut this year, in November. The Fed might consider switching back to rate increases at some point.

Version 0.66 (2024-05-01 18:53:06.353000)

updates: The US Federal Reserve's decision to keep interest rates unchanged despite elevated inflation and slower economic growth. Analysts questioning the Fed's next move, with some suggesting the possibility of a rate rise.

Version 0.65 (2024-05-01 18:51:44.828000)

updates: The US Federal Reserve announces that it will keep interest rates steady as inflation remains above target [4246da51].

Version 0.64 (2024-05-01 16:58:26.879000)

updates: Federal Reserve's indication of maintaining current interest rates

Version 0.63 (2024-05-01 16:52:58.529000)

updates: Additional information on market expectations and potential risks

Version 0.62 (2024-05-01 15:53:47.447000)

updates: The Federal Reserve maintains interest rates amid elevated inflation and a cautious outlook on rate cuts.

Version 0.61 (2024-05-01 15:53:22.758000)

updates: Fed turns more cautious on rate cuts amid elevated inflation

Version 0.6 (2024-05-01 13:58:44.852000)

updates: The US Federal Reserve announced its decision to keep interest rates unchanged. The committee also revealed plans to slow the pace of its balance-sheet reduction program [20858ee6]. Recent data shows that the US Consumer Price Index (CPI) rose by 0.4% monthly and 3.5% annually, exceeding expectations, while GDP growth slowed to 1.6% annually [58fa0644]. The Fed's decisions are based on factors like inflation, employment, economic growth, and global developments [58fa0644]. The Federal Reserve is expected to announce that it will hold its key interest rate steady for the sixth-straight meeting [0ea40bf6]. The US Federal Open Market Committee (FOMC) announced its decision on interest rates, keeping them unchanged at 5.25% to 5.5% [f4a8d883].

Version 0.59 (2024-05-01 13:56:05.359000)

updates: Updates on US markets and stock performance

Version 0.58 (2024-05-01 13:55:08.561000)

updates: The Federal Reserve announced that it will keep interest rates unchanged and revealed plans to slow the pace of its balance-sheet reduction program. Recent data shows that the US Consumer Price Index (CPI) rose by 0.4% monthly and 3.5% annually, exceeding expectations, while GDP growth slowed to 1.6% annually. The Fed's decision reflects its cautious approach and its focus on ensuring that inflation is closing in on 2% before considering any rate cuts. The Fed's decision will have broad effects on the economy. The pace of economic growth has also slowed, and recent data shows that the US Consumer Price Index (CPI) rose by 0.4% monthly and 3.5% annually. Powell acknowledged that inflation seems to be stuck above the Fed's goal, but stated that the threshold for a rate hike is 'extremely high'.

Version 0.57 (2024-05-01 13:53:17.833000)

updates: The US Federal Reserve announced that it will keep interest rates unchanged. Recent data shows that the US Consumer Price Index (CPI) rose by 0.4% monthly and 3.5% annually, exceeding expectations, while GDP growth slowed to 1.6% annually. Fed Chair Jerome Powell acknowledged that inflation seems to be stuck above the Fed's goal. The committee revealed plans to slow the pace of its balance-sheet reduction program. No rate cuts are expected in the short term, and the number of cuts will depend on inflation data. The Fed may provide clarity on a policy allowing assets it purchased to help the US economy weather the pandemic to 'run off' without being replaced. The bank currently holds about $7.4 trillion in assets and is debating when to start slowing the current pace of runoff.

Version 0.56 (2024-05-01 12:52:34.968000)

updates: Fed expected to hold interest rates steady at highest level since 2001

Version 0.55 (2024-05-01 12:52:12.177000)

updates: New information about the Fed's expected decision on interest rates and the challenges it faces in timing rate reductions with the presidential election

Version 0.54 (2024-05-01 11:54:29.424000)

updates: The Federal Reserve announced its decision to maintain interest rates

Version 0.53 (2024-05-01 11:54:15.148000)

updates: Incorporated information about sticky inflation and sluggish economic growth

Version 0.52 (2024-05-01 11:53:00.544000)

updates: The Federal Reserve announced that it will keep interest rates unchanged, reflecting concerns over inflation and economic growth. Fed Chair Jerome Powell acknowledged that inflation remains above the Fed's target, but stated that the threshold for a rate hike is 'extremely high' and most investors are not expecting any rate hikes [d5bcc7a8].

Version 0.51 (2024-05-01 09:57:50.832000)

updates: The US Federal Reserve is expected to hold interest rates steady for a sixth straight meeting on May 1, 2024. Economists predict that the first rate cut is likely to happen in September. The Fed may also provide clarity on a policy allowing assets it purchased to help the US economy weather the pandemic to "run off" without being replaced. The announcement on this policy is expected to come this week or at the next interest rate meeting in June.

Version 0.5 (2024-05-01 09:56:58.760000)

updates: The US Federal Reserve is expected to maintain interest rates and signal no plans for cuts. The committee will likely reveal plans to slow the pace of its balance-sheet reduction program. Powell stated that he does not believe the US economy is in a recession and that it "doesn't make sense" to cut interest rates. Recent data has shown stickier-than-expected inflation, a strong labor market, and still-strong consumer spending. The Fed's balance sheet run-off will also be in focus, as Powell has indicated that it would soon be appropriate to begin slowing the run-off pace. The most recent inflation reports have pushed the expected date of rate cuts into the future. The Fed may also provide clarity on its policy regarding the expiration of assets purchased to help the US economy during the pandemic. Recent data suggests Powell may stick with a less dovish rhetoric. The Fed's new policy statement and Powell's press conference will provide insight into how recent disappointing inflation readings have affected the likelihood of interest rate cuts this year. The Fed made significant progress in lowering inflation back to its 2% target, but progress has stalled this year. Recent data, including the Employment Cost Index and national measures of home prices, have undermined the outlook for rate cuts. Investors have pushed out their expectations of when the rate might fall, with the likelihood of no rate cuts this year increasing.

Version 0.49 (2024-05-01 09:52:37.452000)

updates: The US Federal Reserve is expected to maintain policy rates and stance. The key factors that will shape the Fed's policy decision include growth and inflation dynamics, labor market trends, consumer spending trends, bond yield movement, and geopolitical scenarios. The Fed's decision is not expected to have a major impact on the Indian stock market, but the Chair's comments on inflation and the economy will influence market sentiment.

Version 0.48 (2024-05-01 09:51:32.257000)

updates: The US Federal Reserve is expected to hold interest rates steady as hopes of early cuts fade

Version 0.47 (2024-05-01 08:56:40.623000)

updates: Analysts expect the Fed to hold rates steady in May. The consequences of delaying rate cuts include increasingly impatient consumers and stagnation. Consumers are spending less due to the lack of rate cuts, leading to declining sales for companies. Stagnation occurs when people spend less, companies hire less, and individuals default on loans. The US GDP growth has slowed significantly. The Fed's statement and Jerome Powell's press conference will be crucial. The Fed will hold a press conference to announce their interest rate decision today at 2pm Eastern Time.

Version 0.46 (2024-05-01 07:53:07.491000)

updates: The US Federal Reserve is expected to hold interest rates steady for a sixth straight meeting, with hopes of early rate cuts fading due to stubborn inflation. Recent inflation reports have pushed the expected date of rate cuts into the future. The Fed may provide clarity on its policy regarding the expiration of assets purchased to help the US economy during the pandemic. Powell's press conference will be closely watched for any indication of rate cuts or rate hikes. The Fed's balance sheet run-off and its independence will also be in focus. Recent economic data has shown that progress in taming inflation has stalled. The Fed's decision is unlikely to have a meaningful impact on the markets.

Version 0.45 (2024-05-01 06:56:54.096000)

updates: The Federal Reserve is expected to hold its benchmark overnight interest rate steady, with no support for any changes to the policy rate offered by officials ahead of the meeting. The Fed's new policy statement and Federal Reserve Chair Jerome Powell's press conference will provide insight into how recent disappointing inflation readings have affected the likelihood of interest rate cuts this year. The Fed made significant progress in lowering inflation back to its 2% target, but progress has stalled this year. Recent data, including the Employment Cost Index and national measures of home prices, have undermined the outlook for rate cuts. Investors have pushed out their expectations of when the rate might fall, with the likelihood of no rate cuts this year increasing. The Fed last raised rates in July and Powell's assessment of the issue at his press conference will be important. Fed Vice Chair Jefferson says it will be appropriate to maintain restrictive monetary policy if inflation persists. The US Fed, ECB, and Bank of England are all expected to keep interest rates on hold. The Fed's preferred inflation gauge shows a modest rise in the latest sign of slowing price increases.

Version 0.44 (2024-05-01 06:52:04.872000)

updates: Added information about Powell's press conference and market expectations for rate cuts and rate hikes

Version 0.43 (2024-05-01 05:51:58.963000)

updates: The US Federal Reserve is expected to keep interest rates steady and signal no plans for cuts in the near future after higher-than-expected inflation. The committee will likely reveal plans to slow the pace of its balance-sheet reduction program. Powell stated that he does not believe the US economy is in a recession and that it "doesn't make sense" to cut interest rates. The Fed's favored inflation measure has accelerated to 2.7% in March, above the target of 2%. The Fed is debating when to slow down the pace of asset runoff, which reduces the overall size of its balance sheet. The Federal Reserve is expected to hold interest rates steady this week as policymakers try to sort through mixed signals about the U.S. economy. The US Federal Reserve is expected to keep interest rates elevated for longer as recent economic data has shown that progress in taming inflation has stalled. The Fed's balance sheet run-off will also be in focus, as Powell has indicated that it would soon be appropriate to begin slowing the run-off pace.

Version 0.42 (2024-05-01 05:51:26.470000)

updates: The US Federal Reserve is expected to keep interest rates steady and signal no plans for cuts in the near future after higher-than-expected inflation. The committee will likely reveal plans to slow the pace of its balance-sheet reduction program. Powell might acknowledge that a rate cut in June is off the table, but his language around the possibility of cuts later in the year will be important to parse. Powell stated that he does not believe the US economy is in a recession and that it "doesn't make sense" to cut interest rates. The US Federal Reserve is expected to keep interest rates unchanged due to an uptick in inflation, reducing the chance of summer rate cuts. The Fed's favored inflation measure has accelerated to 2.7% in March, above the target of 2%. Analysts predict that the rate-setting Federal Open Market Committee (FOMC) will hold rates at their current level of 5.25-5.50% for longer than previously thought. The Federal Reserve is expected to hold interest rates steady this week as policymakers try to sort through mixed signals about the U.S. economy. The US Federal Reserve is expected to keep interest rates elevated for longer as recent economic data has shown that progress in taming inflation has stalled. The Fed's balance sheet run-off will also be in focus, as Powell has indicated that it would soon be appropriate to begin slowing the run-off pace. Some economists anticipate two reductions in September and December. The Fed may also provide clarity on its policy regarding the expiration of assets purchased to help the US economy during the pandemic.

Version 0.41 (2024-05-01 03:51:44.777000)

updates: The US Federal Reserve is expected to keep interest rates steady and signal no plans for cuts in the near future after higher-than-expected inflation. The committee will likely reveal plans to slow the pace of its balance-sheet reduction program. Powell stated that he does not believe the US economy is in a recession and that it "doesn't make sense" to cut interest rates. The Fed's favored inflation measure has accelerated to 2.7% in March, above the target of 2%. The Fed is debating when to slow down the pace of asset runoff, which reduces the overall size of its balance sheet.

Version 0.4 (2024-05-01 03:51:21.778000)

updates: New details about the Fed's decision and Powell's statements

Version 0.39 (2024-04-30 23:52:00.364000)

updates: Federal Reserve signals delay of interest-rate cuts

Version 0.38 (2024-04-30 20:52:17.889000)

updates: Federal Reserve Chair Jerome Powell announces interest rate hike

Version 0.37 (2024-04-30 19:51:28.127000)

updates: Mixed signals in US economy, Fed expected to hold rates

Version 0.36 (2024-04-30 18:59:08.109000)

updates: Updated information on the US Federal Reserve's monetary policy meeting and expectations of maintaining interest rates amid rising inflation

Version 0.35 (2024-04-30 13:51:51.651000)

updates: New information on the US Federal Reserve's policy meeting and expectations for interest rates

Version 0.34 (2024-04-30 12:51:54.525000)

updates: The article provides additional information on the uncertainty surrounding the timing of rate cuts and the forecasts from major Wall Street banks on the first rate cut. It also mentions the upcoming release of April data on the US labor market.

Version 0.33 (2024-04-30 11:51:32.531000)

updates: Uncertainty surrounding timing of rate cuts; Forecasts from major Wall Street banks on first rate cut; Inflation rates tumbling in Q1; April data on US labor market to be released

Version 0.32 (2024-04-30 10:52:10.795000)

updates: Fed expected to hold rates steady, rate cuts unlikely until second half of 2024

Version 0.31 (2024-04-30 05:55:46.355000)

updates: The FOMC meeting begins with no expected interest rate changes

Version 0.3 (2024-04-30 00:53:14.108000)

updates: Federal Reserve expected to keep rates unchanged

Version 0.29 (2024-04-29 20:53:35.085000)

updates: The PCE index shows rising inflation, pushing back rate cut expectations

Version 0.28 (2024-04-29 14:53:33.756000)

updates: Updated information on the upcoming FOMC meeting and the Fed's stance on interest rates

Version 0.27 (2024-04-29 12:55:02.810000)

updates: Updates on US economy, inflation, and upcoming FOMC meeting

Version 0.26 (2024-04-29 09:55:38.322000)

updates: The Federal Reserve is expected to maintain its current interest rates amid stubborn inflation. Rate cuts that were previously anticipated to begin in early 2024 are now on hold until at least September, with the possibility of further delays into 2025. Fed officials are divided on issues such as productivity and the economy's underlying potential, further complicating the rate path. The recent GDP report highlights the underlying strength of the US economy, and the Fed will maintain a measured approach, prioritizing inflation control before initiating rate cuts. The US Federal Reserve is highly likely to keep interest rates unchanged later this week. The rate-setting Federal Open Market Committee (FOMC) is expected to hold rates at their current level of between 5.25 and 5.50 percent for longer than previously thought. The debate for the Fed rate-cut is shifting from how many times to cut interest rates this year to whether to cut them at all in 2024. The focus will be on any pivot in the tone of the post-meeting statement and Chair's press conference. The upcoming meeting will not include new rate forecasts. The Fed's baseline outlook remains unchanged, and policymakers will give current rates more time to work [8f1d63ae].

Version 0.25 (2024-04-28 22:51:21.652000)

updates: Updates on Federal Reserve's stance on interest rates and inflation

Version 0.24 (2024-04-28 12:58:19.801000)

updates: The debate for the Fed rate-cut is shifting from how many times to cut interest rates this year to whether to cut them at all in 2024.

Version 0.23 (2024-04-28 06:55:51.165000)

updates: The Federal Reserve is expected to maintain higher interest rates for an extended period due to concerns about inflation and the labor market. Rate cuts are now on hold until at least September, with the possibility of further delays into 2025. Powell's comments will be closely analyzed by investors. The recent GDP report highlights the underlying strength of the US economy. The Fed is likely to keep interest rates unchanged this week. The chance of a summer start to rate cuts has sharply decreased. The FOMC is expected to hold rates at their current level for longer than previously thought. The markets expect the Fed to leave its key lending rate unchanged this week. The Fed is debating when to slow down asset runoff purchased during the pandemic [a85656b2].

Version 0.22 (2024-04-28 06:53:24.756000)

updates: The US Federal Reserve is highly likely to keep interest rates unchanged later this week. Recent data has pushed policymakers to dial back their optimism over rate cuts. The Fed's favored inflation measure has accelerated to an annual rate of 2.7 percent in March. The rate-setting Federal Open Market Committee (FOMC) is expected to hold rates at their current level of between 5.25 and 5.50 percent for longer than previously thought. Analysts are divided on both the size and timing of rate cuts this year, with estimates ranging from zero cuts to as many as four. The Fed is currently debating when to start slowing down the current pace of runoff of assets it purchased to help the US economy weather the Covid-19 pandemic. An announcement is expected to come either this week or at the next interest rate meeting in June.

Version 0.21 (2024-04-28 05:51:36.585000)

updates: The US Federal Reserve is highly likely to keep interest rates unchanged later this week. Recent data has pushed policymakers to dial back their optimism over rate cuts. The Fed's favored inflation measure has accelerated to an annual rate of 2.7 percent in March. The rate-setting Federal Open Market Committee (FOMC) is expected to hold rates at their current level of between 5.25 and 5.50 percent for longer than previously thought. Analysts are divided on both the size and timing of rate cuts this year, with estimates ranging from zero cuts to as many as four. The Fed is currently debating when to start slowing down the current pace of runoff of assets it purchased to help the US economy weather the Covid-19 pandemic [ecacb145].

Version 0.2 (2024-04-27 23:55:02.496000)

updates: Added information about Powell's upcoming remarks and market expectations for rate cuts

Version 0.19 (2024-04-27 20:51:25.498000)

updates: Powell expected to maintain higher-for-longer path for interest rates

Version 0.18 (2024-04-26 14:57:00.717000)

updates: Incorporated information about the recent GDP report and the Fed's measured approach to rate cuts

Version 0.17 (2024-04-25 17:54:49.049000)

updates: Updates on US economic and inflation data affecting Fed's rate path

Version 0.16 (2024-04-19 02:19:48.540000)

updates: The Fed's decision to postpone rate reduction has led to market instability for cryptocurrencies

Version 0.15 (2024-04-18 08:19:50.102000)

updates: Bitcoin market remains buoyant despite no Fed rate cuts

Version 0.14 (2024-03-30 13:24:32.251000)

updates: Added Powell's confidence in the economy and his optimism about its prospects

Version 0.13 (2024-03-30 00:18:47.007000)

updates: Federal Reserve Chair Jerome Powell dismisses recession fears, Bitcoin gains as a hedge

Version 0.12 (2024-03-29 22:19:51.435000)

updates: Federal Reserve Chair Jerome Powell rules out recession in the US economy

Version 0.11 (2024-03-25 05:19:00.374000)

updates: Integration of an article discussing the potential plans of the Federal Reserve to taper its bond-buying program and the need for a cautious approach to sustain economic success

Version 0.1 (2024-03-25 00:25:01.905000)

updates: Federal Reserve Chair Jerome Powell's willingness to cut interest rates to support the job market, even if it means higher inflation

Version 0.09 (2024-01-15 06:15:50.491000)

updates: The role of businesses in rescuing America from inflation and recession

Version 0.08 (2024-01-15 05:17:46.496000)

updates: Added information about the role of businesses in combating inflation and recession

Version 0.07 (2023-12-19 18:00:45.094000)

updates: The Federal Reserve appears to be on the verge of defeating inflation without causing a steep recession. Inflation has been falling steadily since peaking in June of last year at 9.1%. The Fed's preferred inflation gauge is likely to show that annual inflation dipped just below the target of 2% in the past six months. Goods prices have fallen for six straight months, and wage growth has cooled. The Federal Reserve indicated that it may cut its key interest rate three times next year. Economists credit the Fed's rapid rate hikes and a recovery in global supply chains for contributing to inflation's decline.

Version 0.06 (2023-12-19 13:03:48.058000)

updates: Inclusion of information about the Fed avoiding a recession and additional details about its efforts to combat inflation

Version 0.05 (2023-12-19 11:58:56.892000)

updates: Federal Reserve successfully avoids recession amid fight against inflation

Version 0.04 (2023-12-14 05:06:19.894000)

updates: Federal Reserve maintains interest rates amid economic recovery

Version 0.03 (2023-12-13 20:53:56.235000)

updates: Updates on Powell's remarks on the economy, inflation, and recession risks

Version 0.02 (2023-12-13 19:55:22.104000)

updates: Added details from Jerome Powell's news conference

Version 0.01 (2023-12-13 11:13:33.086000)

updates: Inclusion of new information about the consumer-price index report and employment numbers

Version 0.0 (2023-12-10 03:49:22.159000)

updates: fork