Federal Reserve Bank of New York

With markets still digesting Friday’s news, one thing is clear: the Federal Reserve will keep rates steady.

John Williams said Friday that the Federal Reserve's three interest rate cuts this year have bolstered the housing market and consumer spending.

As the Federal Open Market Committee convenes for its final scheduled meeting this year, one where President Trump kept upping the political pressure, the 2020 elections threaten to make the situation worse.

The economy is in a different place than it was entering 2019, when the Federal Reserve was in a tightening cycle, yield curves were inverting, and the markets expected a recession.

President Donald Trump invited Federal Reserve Board Chair Jerome Powell to meet at the White House with him and Treasury Secretary Steve Mnuchin, with few details released.

With the holiday shopping season near, Friday's retail sales numbers left it to interpretation whether consumers are ready to spend.

Nonfarm productivity slipped, the Labor Department reported Wednesday, a day when comments from Fed presidents suggested cuts are done for now.

The Fed has been trying to rein in volatility in the market and keep the fed funds rate within its target range.

While the economy continues to expand “at a slight to modest pace,” those surveyed lowered their outlooks for growth over the coming year, according to the Fed's Beige Book.

Consumers surveyed in September expected a rise in short-term inflation and a decline in medium-term inflation.