Federal Reserve

Following revelations that Federal Reserve officials made trades in financial assets while the Fed was taking extraordinary efforts to “stimulate” the economy, Federal Reserve Chairman Jerome Powell ordered a review of the Fed’s ethics rules.

Fed's Powell signaled last month tapering could begin later this year.

Inflation continued to surge in August, but appeared to settle at nearly the fastest pace in almost 13 years as the economy continues to emerge from the pandemic, the feds said Tuesday.

Producer prices increased by more than expected in August, a reminder that inflation pressures continue to linger in the economy.

A new report from the Chicago Federal Reserve on business conditions in the central bank’s seventh district paints a picture of slowing growth and historically high price pressures, with labor cost inflation at a record high.

Friday’s lackluster non-farm payrolls report, which showed American employers adding far fewer jobs in August than expected, is likely to cool enthusiasm among Federal Reserve policymakers for a quick roll-back of stimulus, some experts believe.

The economy fell far short of predictions and added just 235,000 new jobs in August as the delta variant of COVID-19 surged.

WTI crude oil snaps 7-day losing streak rising to the $65 per barrel level

Companies raise prices in response to higher labor costs, fanning inflation further