A look at the challenges Philly-area businesses faced in 2024 and what they expect in 2025
The Chamber of Commerce of Greater Philadelphia released results of an annual report on Thursday with new insight on business ...
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The Fed’s independence, inflation, and the labor market won’t be in jeopardy under Trump, says former Fed Vice Chair Randal Quarles
Former Fed Vice Chair Randal Quarles dismissed concerns about Fed independence under Trump, citing structural safeguards ...
Fed officials lean ‘neutral’ on policy but expect clarity once Trump begins
United States Federal Reserve officials said that the strong economy toward the end of 2024 and inflation staying above its ...
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Philadelphia businesses told researchers they worry about sales, labor and uncertainty about government regulation
The Greater Philadelphia Chamber of Commerce members were surveyed by the Federal Reserve Bank of Philadelphia about the ...
Fed Officials Signal Interest Rates Likely on Hold for a While
Several Federal Reserve officials confirmed Thursday the US central bank will likely hold interest rates at current levels for an extended period, only cutting again when inflation meaningfully cools.
Dollar climbs for 3rd straight session, sterling weakness continues
The U.S. dollar strengthened for a third straight session on Thursday as Treasury yields dipped but held at elevated levels ...
Federal Reserve Bank of Boston President Susan Collins says uncertainties point to slower cuts in 2025
Collins, in prepared remarks for an event Thursday in Boston, said the economy was in a “good place,” but noted that progress ...
Fed’s Harker Says More Rate Cuts Are Coming But Timing Uncertain
Federal Reserve Bank of Philadelphia President Patrick Harker said officials are on track to lower interest rates this year, ...
Fed’s Harker Sees Solid Economy Today, Little Certainty Tomorrow
Federal Reserve Bank of Philadelphia President Patrick Harker remains confident in inflation’s meandering path toward a 2% ...
Fed's Harker still expects rate cuts but says imminent move not needed
Philadelphia Federal Reserve President Patrick Harker said on Thursday he still expects the U.S. central bank to cut interest ...
Fed's Harker Still Expects Rate Cuts but Sees Considerable Uncertainty
The remarks were Harker's first since last month's policy meeting when the Fed cut its benchmark overnight interest rate by a ...
Fed’s Collins Says Uncertainties Point to Slower Cuts in 2025
Federal Reserve Bank of Boston President Susan Collins said a slower approach to adjusting interest rates is merited now as ...