Fed Officials Flag Risk of Sticky Inflation

January's personal consumption expenditures (PCE) price index came in hotter than expected today, rising 5.4% from a year earlier vs. a 5% increase in December.

By Jonnelle Marte & By Craig Torres | February 28, 2023 at 03:18 PM

Photo: Loretta Mester, president and CEO of the Federal Reserve Bank of Cleveland.

Federal Reserve officials said inflation is too high and may take time to cool, even as fresh price data came in hotter than expected and new research suggests the Fed may need to raise interest rates as far as 6.5 percent.

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Federal Court Shuts down Expanded Overtime Pay Rule

By Michael Popke | November 21, 2024

According to a Texas judge, the U.S. Department of Labor overstepped its boundaries in raising the salary threshold.

Federal Court Shuts down Expanded Overtime Pay Rule

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Treasury Department Flags Risks from New Cross-Border Payments Systems

By Christopher Anstey | November 21, 2024

Soon after BRICS leaders said they will build a cross-border payments system that bypasses Western platforms, a senior U.S. Treasury official warns that such a system would pose risks to international financial stability if it didn’t adhere to standards aimed at minimizing illicit activity.

Treasury Department Flags Risks from New Cross-Border Payments Systems

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