"I really think the labor market is in solid shape," San Francisco Fed President Mary C. Daly said on Thursday in discussing the central bank's two mandates of full employment and price stability. "It may take a little longer to find a job" than when the economy was "frothy,

Federal Reserve officials were worried about the possibility that higher inflation resulting from the White House trade policy might lead to lasting higher inflation, even as central bank staff were noting that recession odds were high,

President Donald Trump met with Federal Reserve Chair Jerome Powell and the two discussed the economy but not Powell’s outlook for interest rates, the Fed said.

Jerome H. Powell stressed in his first meeting since the president returned to the White House that policy decisions would be “based solely on careful, objective and nonpolitical analysis.”

The favored U.S. inflation tracker of the Federal Reserve is expected to show little or no increase for the second month in a row, but the effort to get the cost of living under control might be far from over.

Federal Reserve Chair Jerome Powell and President Trump met for the first time in the president’s second term and sent mixed messages over their long-running discord over interest rates.

Only 14% of Ventura households could qualify to buy in 2025’s first quarter, according to calculations from the California Association of Realtors. Six years earlier, this affordability yardstick showed 29% could buy – and this qualification measure has averaged 28% since 2006.

The crypto market faced broad selling pressure on May 28 as traders reacted to heightened uncertainty around U.S. interest rate policy . The global cryptocurrency market cap fell 4.2% to $3.52 trillion, with leading tokens such as Ethereum (-1.2%), XRP (-3.6%), and Solana (-4.1%) leading the decline.