Matt Grossman

2 days ago | wsj.com | Matt Grossman

New York Fed President John Williams said the central bank’s interest-rate stance is “entirely appropriate” as uncertainty about tariffs and inflation lingers, leaning against recent calls from some other Federal Reserve officials for consideration of a rate cut in July. Speaking in Albany, N.Y., Williams said that, while headline inflation has cooled, there is reason to be concerned about longer-term price trends. “Measures of underlying inflation...are still somewhat above our 2% target.

3 days ago | wsj.com | Matt Grossman

June 24, 2025 10:39 am ETU.S. consumer confidence slipped in June, reversing an improvement in May, according to the Conference Board, a research organization that does a monthly survey. The Conference Board’s consumer-confidence index fell to 93, from 98.4 in May. The fall was a surprise to analysts polled by The Wall Street Journal, who were expecting the index to improve to 99.5.Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

3 days ago | wsj.com | Matt Grossman

U.S. consumer confidence slipped in June, reversing an improvement in May, according to the Conference Board's monthly survey. The consumer-confidence index fell to 93, from 98.4 last month. Analysts polled by The Wall Street Journal expected the index to improve to 99.5.Consumers remained nervous about tariffs, even after the White House took steps to de-escalate the trade war, said Conference Board economist Stephanie Guichard.

4 days ago | wsj.com | Matt Grossman

A top Federal Reserve official who resisted an aggressive cut last year said she is open to easing interest rates as soon as next month, in a sign support is building among policymakers for a looser monetary stance. Fed governor Michelle Bowman noted U.S. inflation has cooled in a speech Monday in Prague. A dozen weeks after the rollout of the White House's aggressive bilateral tariff regime, retailers seem unwilling to raise prices on essential consumer items, she said.

1 week ago | wsj.com | Matt Grossman

Federal Reserve governor Christopher Waller said the central bank could be positioned to cut interest rates at its next meeting in July, notwithstanding potential inflation pressures caused by new tariffs. In a Friday morning interview with CNBC, Waller said the Fed should “look through” one-time price increases from tariffs and instead respond to the underlying trend in inflation, which has been cooling.