Shutdown

Consumer Confidence Edges Down Over Government Shutdown Concerns and Inflation

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Consumer Confidence Edges Down Over Government Shutdown Concerns and Inflation

Consumer confidence about the economy declined slightly in October, driven by Americans’ concerns over the ongoing federal government shutdown, rising inflation, and future scarcity of jobs. The Consumer Confidence Index, a measure of U.S. consumers’ sentiments about personal finances and the economy, slipped 1 point in October, to 94.6, from an upwardly revised 95.6 the … Read more

Fed Interest Rate Meeting Begins With Officials Divided on Policy and Blinded by Shutdown

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Fed Interest Rate Meeting Begins With Officials Divided on Policy and Blinded by Shutdown

Blinded by a data blackout during the government shutdown and deeply divided on the correct path forward, top Federal Reserve officials are meeting again to decide their next move on interest rates. Fed Chair Jerome Powell is joining other members of the Federal Open Market Committee (FOMC) in Washington, DC, on Tuesday for the two-day … Read more