The remarks from Boston Fed President Susan Collins come a day after another another Fed official said there is room for a cut—showing the challenge Fed Chair Jerome Powell faces in trying to build consensus.
Aidan Toner-Rodgers shot to academic fame in a field hungry for new insights and revelatory research. But a computer scientist thought something seemed off.
President Trump expects his next Fed chair to lower rates, but growing internal opposition shows the limits of a leadership change—and threatens to end decades of consensus.
The U.K. autumn budget will take center stage in the week ahead. In the U.S., uncertainty around the Federal Reserve’s next interest-rate decision in December means markets will be scrutinizing data.
The S&P Global Flash U.S. Composite PMI rose to 54.8, reflecting improved hopes for the year ahead on expectations of lower interest rates and as political concerns waned.
Manufacturing activity in the Philadelphia region contracted slightly this month, contrary to expectations it would grow, as new orders and shipments struggled.
The U.S. trade deficit shrank in August, the Commerce Department said, giving a delayed look at how tariffs were shaping international trade flows over the summer.