State of play as deadline looms

State of play as deadline looms

U.S. Senate Majority Leader John Thune (R-SD) speaks to members of the media alongside fellow Republicans during a press conference following Republicans weekly policy lunch on Capitol Hill in Washington, D.C., U.S., September 3, 2025. Nathan Howard | Reuters As congressional Democrats push to tie extending Affordable Care Act insurance subsidies to the government funding…

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PCE inflation August 2025:

PCE inflation August 2025:

Breakfast cereals are displayed for sale in Medford, Massachusetts, U.S., April 22, 2025. Brian Snyder | Reuters Core inflation was little changed in August, according to the Federal Reserve’s primary forecasting tool, likely keeping the central bank on pace for interest rate reductions ahead. The personal consumption expenditures price index posted a 0.3% gain for…

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Powell says slowing labor market prompted rate cut, sees ‘challenging situation’ ahead

Powell says slowing labor market prompted rate cut, sees ‘challenging situation’ ahead

U.S. Federal Reserve Chair Jerome Powell speaks during a press conference, following the issuance of the Federal Open Market Committee’s statement on interest rate policy, in Washington, D.C., U.S., Sept. 17, 2025. Elizabeth Frantz | Reuters Federal Reserve Chair Jerome Powell said Tuesday that weakness in the labor market is outweighing concerns about stubborn inflation,…

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Chicago Fed President Goolsbee says officials have to be careful not to get too aggressive with rate cuts

Chicago Fed President Goolsbee says officials have to be careful not to get too aggressive with rate cuts

Chicago Federal Reserve President Austan Goolsbee expressed caution Tuesday about lowering interest rates as the U.S. economy grapples with the forces of slower growth and a weaker labor market. While he joined the rest of the Federal Open Market Committee last week in voting to cut the central bank’s key borrowing rate, he told CNBC…

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