-
Kansas City Fed's Schmid shows hesitation about widely expected September rate cut
Kansas City Federal Reserve President Jeffrey Schmid expressed doubt about lowering interest rates in September, saying policymakers still have more work to do on inflation. Speaking to CNBC from the Fed’s annual symposium in Jackson Hole, Wyo., Schmid pushed back on market pricing that points strongly to the Federal Open Market Committee lowering its key borrowing rate next month. “We’re in a really good spot, and I think we really have to have very definitive data to be moving that policy rate right now,” he said during a “Squawk Box” interview that aired Thursday. “In September, we’ll get around ...
- Comments / Top
- Subscribe
-
- Older Stories
From philadelphiafed.org|Aug 21, 2025|3 commentsManufacturing activity in the region weakened this month, according to the firms responding to the August Manufacturing Business Outlook Survey. The current general activity index ...
From dol.gov|Aug 21, 2025|66 commentsIn the week ending August 16, the advance figure for seasonally adjusted initial claims was 235,000, an increase of 11,000 from the previous week's unrevised level of 224,000. The ...
From cnbc.com|Aug 21, 2025|3 commentsElon Musk was ordered on Wednesday by a federal judge to face a lawsuit by voters accusing the world’s richest person of defrauding them into signing a petition to support the ...
-
- Newer Stories
From @realDonaldTrump|Aug 21, 2025|18 comments
It is very hard, if not impossible, to win a war without attacking an invaders country. It’s like a great team in sports that has a fantastic defense, but is not allowed to play offense. There is no chance of winning! It is like that with Ukraine and Russia. Crooked and grossly incompetent Joe Biden would not let Ukraine FIGHT BACK, only DEFEND. How did that work out? Regardless, this is a war that would have NEVER happened if I were President - ZERO CHANCE. Interesting times ahead!!! President DJT
From pmi.spglobal.com|Aug 21, 2025|68 commentsUS business activity grew at the fastest rate recorded so far this year in August, according to early ‘flash’ PMI data, adding to signs of a strong third quarter. Growth was seen ...
From prnewswire.com|Aug 21, 2025The Conference Board Leading Economic Index® (LEI) for the US inched down by 0.1% in July 2025 to 98.7 (2016=100), after declining by 0.3% in June. The LEI fell by 2.7% over the ...
