NEW YORK, NY – Investment banking giant Morgan Stanley has released a revised mid-year economic outlook, now forecasting two Federal Reserve interest rate cuts in 2025 based on new projections for cooling inflation.
WASHINGTON, DC – The Federal Reserve’s Federal Open Market Committee (FOMC) is set to convene on July 29-30, facing a complex mix of cooling economic data and persistent inflation that complicates its next move on interest rates.
FACTRAGE – Each month, the federal government distributes Supplemental Security Income (SSI) payments, a critical economic support for approximately 7.4 million Americans.
WASHINGTON, DC – The U.S. labor market showed signs of cooling in June, adding 206,000 jobs while the national unemployment rate rose to 4.1%, according to new data released Friday by the Bureau of Labor Statistics.
WASHINGTON, DC – Financial markets and policymakers are bracing for the release of the June Consumer Price Index (CPI) this Thursday, a critical report that will heavily influence the Federal Reserve’s upcoming decisions on interest rates.
WASHINGTON, DC – The U.S. Bureau of Labor Statistics is preparing to release its June 2025 employment report, a critical data set that will provide the first comprehensive look at the health of the labor market in the second half of the year.
Washington D.C. – In a move that will impact future retirees, the full retirement age (FRA) for Social Security benefits is gradually increasing. This change, enacted by legislation passed by the U.S. Congress, will see the FRA rise from 67 to 68 over a period of several years.
Washington, DC – Federal Reserve Chair Jerome Powell, following the latest Federal Open Market Committee (FOMC) meeting, expressed heightened concerns about the U.S. economic outlook, citing increased risks of both rising inflation and potential increases in unemployment. These concerns have increased discussion of the possibility of stagflation. Powell emphasized that the Federal Reserve will closely […]
