Despite the upheaval at the Fed, a rate hike in September is likely

Washington, D.C CNN — Some Federal Reserve officials are already arguing for two consecutive rate hikes starting this month in a bid to curb inflation. But will their influence endure despite a reshuffle in the Fed’s interest rate committee? Probably. St. Louis Fed President James Bullard, the Fed’s toughest voice, announced on Thursday that he … Read more

For these Americans, the recession is already here

CNN — Wall Street bankers, investors and economists have been puzzling for months whether a recession is imminent in the US. But for some Americans, the relentless economic pain that typifies a recession has already set in. Al Brown and his fiancée faced a tough question when reviewing their weekly budget in May: Which is … Read more

Economists agree with Mike Pence’s proposal to scrap the Fed’s employment mandate

Washington, D.C CNN — The Federal Reserve has two goals: to keep inflation under control and to maximize employment. Mike Pence, who served as Donald Trump’s vice president and is fighting for leadership of the White House, is campaigning for the Fed’s employment mandate to be scrapped. Some economists say it wouldn’t be a bad … Read more

Bull Market or Fool Market? Investors say the latter

A version of this story first appeared in CNN Business’s Before the Bell newsletter. Not a subscriber? You can login exactly here. You can listen to an audio version of the newsletter by clicking the same link. new York CNN — The stock market has made incredible strides since its downturn last year — so … Read more