Waller leaves Fed’s September rate decision unusually open
Mixed August inflation data, Waller’s conditional stance and a prior Fed split leave the September 15-16 decision open, with borrowing costs in focus.
Federal Reserve
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U.S. consumer credit grew in July as card and auto debt rose
U.S. consumer credit expanded in July, led by installment borrowing, while credit-card and auto debt rose in the second quarter, Federal Reserve data show.
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Fed faces inflation, fuel and jobs crosscurrents before September meeting
The Fed meets Sept. 15-16 with inflation above target, gasoline prices rising and payrolls still growing, leaving the rate decision uncertain.
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U.S. Wholesale Inflation Accelerated in August as Energy Costs Rose
U.S. producer prices rose 5.4% over the year to August as energy and diesel costs climbed, pressuring freight and business costs ahead of the Fed meeting.
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Bank lending data give the Fed another signal as it weighs inflation against growth
Fresh Fed data show credit still expanding unevenly, adding to the debate over inflation, growth and a possible September rate decision.
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Fed Minutes Show Why the Discount Rate Stayed at 3.75%
New Fed minutes show some regional directors sought a 4% discount rate, but the Board kept it at 3.75% as the main policy range also stayed unchanged.
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U.S. Credit-Card Balances Rise to $1.263 Trillion in Q2
New York Fed data show credit-card balances rose in the second quarter, while different delinquency measures point to stable new stress but lingering old debt.
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Why inflation can feel worse than the U.S. headline rate
July CPI and PCE data differ because they measure different spending baskets. Here is why rent, utilities, food and gas can shape household inflation differently.
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Fed Chair Warsh keeps September rate hike in play as inflation stays high
Fed Chair Kevin Warsh said inflation remains well above the Fed’s 2% target, keeping a September rate hike possible but far from decided.
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July Spending Rose 0.2% as Americans Shifted From Goods to Services
Americans had more income in July, but inflation-adjusted spending was nearly flat as households bought fewer goods and spent more on services.
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U.S. Payrolls Fall by 23,000, Complicating Fed Rate Debate
U.S. nonfarm payroll employment fell by 23,000 in July, while a scheduled inflation report became more important to the Federal Reserve’s policy outlook.
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Fed holds rates steady as officials split over persistent inflation
The Federal Reserve kept its federal funds target at 3.50% to 3.75% after its July meeting, while three officials favored higher rates and inflation remained above the Fed’s 2% target.
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Federal Reserve: Credit-Card Borrowing Picked Up as Consumer Loan Costs Stayed High
Consumer-credit flows accelerated after a slower start to 2026, with the strongest increase in credit-card balances as auto-loan rates remained above 2019 levels.
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Fed Holds Interest Rates Steady as Inflation and Energy Costs Remain Elevated
The Federal Reserve kept its federal-funds target range at 3.50% to 3.75% after its July meeting, as inflation and energy prices remained high.
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U.S. Employers Cut 23,000 Jobs in July as Labor-Market Growth Weakens
The Bureau of Labor Statistics reported a 23,000-job decline in U.S. nonfarm payroll employment in July, while the unemployment rate edged lower.
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U.S. Employers Lost 23,000 Jobs in July as Unemployment Edged Lower
The Bureau of Labor Statistics reported a decline of 23,000 nonfarm payroll jobs in July, while the unemployment rate fell and other labor-market measures offered a mixed picture.
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Federal Reserve Says U.S. Inflation Rose to 4.1% Over the Year Through May
The Federal Reserve’s July 2026 Monetary Policy Report said headline PCE inflation accelerated to 4.1% through May, while core inflation reached 3.4% and energy prices rose 24%.
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U.S. employers unexpectedly cut 23,000 jobs in July as unemployment rate fell to 4.1%
U.S. employers cut 23,000 nonfarm jobs in July, while unemployment fell to 4.1% in a report that pointed to a weakening labor market.
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U.S. mortgage rates rise for a fifth straight week to highest level in more than a year
The average long-term U.S. mortgage rate reached its highest level since late July 2025, increasing borrowing costs for homebuyers and people considering refinancing.
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Weak July Jobs Report Complicates the Federal Reserve’s Path on Interest Rates
U.S. employers cut 23,000 jobs in July, while earlier payroll gains were revised down by 103,000. The Federal Reserve is still awaiting July inflation data.
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Supreme Court expands president’s authority to remove most agency heads
The Supreme Court ruled June 29 that presidents generally may fire federal agency heads at will, limiting statutory protections that required cause for removal while preserving a distinct exception for the Federal Reserve.
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July Jobs Report Shows Employers Cut 23,000 Jobs, Complicating Fed’s Inflation Fight
Employers cut 23,000 jobs in July, a weaker-than-expected result that eased expectations of near-term rate increases even as inflation remains above the Federal Reserve’s target.