Tag: Fed
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Minneapolis Fed survey: Nonresidential builders face tighter pipelines, rising costs
Listen to the article 5 min This audio is auto-generated. Please let us know if you have feedback. Construction activity across the Federal Reserve’s Ninth District declined slightly over the past six months, with nearly half of the firms surveyed reporting lower activity compared with the same period in 2024, according to results from the…
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Inflation holds steady, bolstering case for Fed benchmark rate cut
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Inflation held steady in September, the Bureau of Labor Statistics said Friday, bolstering odds that the Federal Reserve will trim the main interest rate on Dec. 10 in a third straight cut. The core personal…
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Companies cut 32,000 from payrolls as Fed debates trimming main rate: ADP
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Companies cut payrolls by 32,000 last month, payroll processor ADP said Wednesday, as Federal Reserve officials remain divided over whether a cooling job market warrants trimming the main interest rate during a policy meeting next…
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Trump officials using building renovation costs to go after Fed chair, WSJ says
Listen to the article 5 min This audio is auto-generated. Please let us know if you have feedback. Cost overruns incurred by the Federal Reserve on the renovation of its headquarters and two other buildings it owns in Washington, D.C., are the kind of thing building owners frequently deal with when undertaking complex construction projects…
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Fed holds main rate steady, forecasts higher inflation, slower growth
Dive Brief: The Federal Reserve on Wednesday kept the main interest rate at a range between 4.25% and 4.5% while forecasting higher inflation and slower growth for 2025. In a median forecast, Fed officials estimated that their preferred measure of inflation — the core personal consumption expenditures price index less volatile food and energy prices…
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Inflation heats up to 3% as Trump calls on Fed to cut main rate
Listen to the article 4 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Consumer prices rose last month at a 3% annual pace, higher than expected and the biggest gain since June, according to a government report released Wednesday, soon after President Donald Trump called on the Federal…