Bank of America resets interest rate cut forecast after inflation shocker
The decision comes after the central bank trimmed rates three times starting in September 2024, which has pushed down the ...
The latest inflation report shows that high prices are Trump's major economic challenge
Donald Trump promised as a candidate that he could easily conquer inflation, but the reality is proving tougher than he ...
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Key takeaways from Fed Chair Jerome Powell’s congressional hearing
Washington (CNN) — America’s central bank is in no rush to slash interest rates any time soon, Federal Reserve Chair Jerome ...
January inflation ticks up to 3% annually as cost of groceries, gas, used cars rise
The latest Consumer Price Index report shows inflation ticked up to 3% in January from a year ago, a slight rise from the ...
US Dollar gives up gains despite strong CPI data
The US Dollar Index jumped after January CPI data surprises to the upside, fueling expectations of higher rates for a longer ...
With High Prices Persisting, Trump Tempers Tone on Slaying Inflation
President Trump pledged to lower costs on “Day 1” as a candidate. His administration now acknowledges it will take more time.
Trump's comments won't affect interest rate decisions by the Fed, Powell says
Federal Reserve Chair Jerome Powell said Wednesday President Donald Trump’s calls for lower interest rates won’t lead the central bank to change its rate decisions ...
Hopes for more Fed rate cuts dim as Powell notes hot CPI means ‘we're not quite there yet'
A Fed interest rate cut won’t be coming until at least September, if at all this year, following a troubling inflation report ...
Federal Reserve Chair Jerome Powell returns to Congress following January inflation spike
The change was slightly above analysts' expectations and is likely to bolster reluctance at the Fed to cut interest rates any further.
Powell says bank accounts ‘safe’ despite teardown of consumer protection agency
The Federal Reserve chair testified before a Senate panel. “We do not need to be in a hurry to adjust” interest rates, he ...
Powell says Fed not 'in a hurry' to cut interest rates with 'economy remaining strong'
Federal Reserve Chair Jerome Powell will tell the Senate banking committee the Fed isn't "in a hurry" to resume its interest ...