Monetary policy

The markets have priced in a Federal Reserve rate cut this year, with the likelihood of a September reduction rising to 62% on Wednesday from a 50-50 shot on Tuesday and about a 91% of a 25 basis point cut by yearend.

A 2.1% drop in durable goods orders shows businesses are holding off on equipment purchases as trade tensions with China increase.

Analysts homed in on the phrase “some time” and the absence of rate cut discussion in the minutes of the last Federal Open Market Committee meeting..

The latest slip in inflation will likely be short-lived and interest rates could stay where they are “for some time.”

Trade issues with China should end with a deal, leaving the U.S. economy mostly unscathed, the Federal Reserve Bank of Boston president said.

Two Federal Reserve Bank presidents discussed how trade policy is effecting the economy; neither seemed ready to cut interest rates.

During the Great Recession, interest rates hit zero lower bound, which caused the Fed to make unprecedented moves, or quantitative easing, to spur the economy.

The White House is considering Derek Kan, an undersecretary at the Department of Transportation, for one of two open seats on the Federal Reserve Board, according to two people familiar with the matter.

Financial markets ignored surprisingly strong data and stayed focused on tariffs and developments in talks with China.

Rivlin, the founding director of the Congressional Budget Office, fought relentlessly for deficit reduction.