Diccon Hyatt

The Fed Has Said It Needs Further Confirmation Inflation is Tamed Before Cutting Interest Rates By Diccon Hyatt

Key Takeaways Federal Reserve Chair Jerome Powell acknowledged to lawmakers that the job market has slowed down, drawing more attention.to the central bank's mandate to keep the economy running at full employment. The Fed could stimulate employment by cutting its benchmark interest rate, at the risk of reigniting inflation. Powell declined to say when the Fed may cut its benchmark interest rate from its current level, a 23-year high.

If you’re sick of high prices for the stuff you buy every day, Federal Reserve Chair Jerome Powell has some bad news for you: prices aren’t ever going down—not if he can help it.

Consumer prices unexpectedly fell in June, giving some relief to household budgets and possibly confidence to Federal Reserve policymakers that their fight against inflation is working.

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The Data Will Factor Into the Fed's Decision on When to Cut Interest Rates By Diccon Hyatt

Key Takeaways Borrowers enrolled in the SAVE federal student loan repayment plan are in financial limbo as they wait for federal courts to decide on the fate of the plan. Payments and interest for 8 million SAVE borrowers were paused last week after an appeals court ruled to block changes to the plan from going into effect.

With the days of Bidenomics now numbered, voters are waiting to see what exactly the president’s endorsed candidate in the 2024 election would do for their finances.

Hotter-Than-Expected Report Doesn't Change Market Expectations for a Fed Interest Rate Cut By Diccon Hyatt

Federal Reserve Chair Jerome Powell speaks during an Economic Club of Washington event in Washington, DC, on July 15, 2024.