WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said Wednesday that President Donald Trump’s calls for lower interest ...
Investors and traders were bracing for Wednesday's consumer-price index report for January to mostly reflect either little change from or a slight improvement over the final month of 2024. Yet one ...
US inflation rose more than expected in January, shaking markets and pushing Fed rate cut expectations to December 2025. The euro fell, US Treasury yields jumped, and European stocks erased gains.
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US inflation rises to 3% as president Trump says interest rates should be loweredUS inflation jumped to 3% in January, defying forecasts and adding pressure on the Federal Reserve to rethink its timeline ...
The S&P 500 was 0.9% lower in early trading. The Dow Jones Industrial Average was down 418 points, or 0.9%, as of 9:35 a.m.
The figures underscore the stickiness of inflation, which created a major political problem for former President Joe Biden.
Because the economy is doing well, the Fed can take its time to decide when and whether to lower interest rates.
Stronger-than-expected inflation and labor market data into the end of 2024 led to the US Federal Reserve's decision to pause ...
Economists see the core gauge as a better indicator of the underlying inflation trend than the overall CPI that includes often-volatile food and energy costs. The headline measure rose 0.5% from ...
A disappointing inflation reading and soaring egg prices have undermined Trump's promise to reduce costs on "day one." ...
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