News

Cleveland Fed survey shows CEOs' inflation expectations drop, but wholesale prices surge

CEOs expect inflation to slow, according to Cleveland Fed survey, but PPI jumps and PNC ups predicted interest rate cuts from ...

Fed’s Powell sticks with patient approach to rate cuts, brushing off Trump’s demands

The chair acknowledged that if the Fed cut its rate too soon, inflation could move higher, and if it cut too late, then the ...
Crain's Cleveland Business14d

Fed’s Hammack says job market healthy despite ‘disappointing’ report

Federal Reserve Bank of Cleveland President Beth Hammack said the US labor market still appears healthy, though fresh jobs numbers released Friday constituted a “disappointing report to be sure.” ...

Former Cleveland Fed Pres. Mester: The next Fed chair should be someone 'who's open to listening'

Former Cleveland Fed President Loretta Mester joins 'Squawk Box' to discuss news of the Trump team expanding its search for ...

Americans could soon face higher inflation as businesses pass along tariff costs, Fed official says

Prices could tick higher in 2025 as businesses pass tariff costs on to consumers, Cleveland Fed's Beth Hammack tells CBS News.

CEO inflation expectations decelerates to +3.5% in Q3: Cleveland Fed

Chief executive officers still expect the Consumer Price Index to be in the 3%-4% range over the next twelve months, a ...

Fed's Hammack says labor market remains 'healthy'

The July jobs report was disappointing, but underneath all of the noise the labor market remains "healthy," said Cleveland Fed President Beth Hammack. Hammack said the weakness in nonfarm payrolls ...
Crain's New York Business13d

Stocks extend jobs-fueled slide on Russia jitters: Markets wrap

Wall Street traders worried about the jobs market and the impacts of President Donald Trump’s tariffs knocked down stocks, ...