Cleveland Fed

The US Federal Reserve faces growing pressure to hike interest rates at its Jul 28-29 meeting as oil prices rebound due to Middle East tensions, AI-related demand, and new US tariffs fuel inflation ri…

Cleveland Fed President Beth Hammack warned that inflation remains stubbornly high at 3.5% year-over-year, nearly double the Fed's 2% target, and flagged AI-driven demand as a new inflationary pressur…

New U.S. college graduates now face higher unemployment than the average worker, a reversal of a decades-long trend that began in early 2019, before the pandemic and generative AI. By early 2026, rece…