U.S. Inflation gauge rises as Trump's tariff threats loom, potentially pushing prices higher in coming months.
Plus, why Morningstar believes the Federal Reserve will cut interest rates this year more than the markets predict.
Trump said Powell and the Fed "failed to stop the problem they created with inflation" in a post on Truth Social on Wednesday ...
The central bank needs to see further progress on inflation or weakness in the labor market to resume interest rate cuts.
Friday’s report from the Commerce Department showed that consumer prices rose 2.6% in December from a year earlier, up from a ...
That's how high 25% tariffs on Canadian and Mexican goods could push U.S. inflation, according to analysis firm Capital ...
“The Fed’s prognosis is for a slower pace of monetary easing moving forward, as the economy is doing well and prices are only slowly returning to target in an environment of great uncertainty,” said ...
The latest reading on the Fed's preferred inflation gauge comes just two days after the central bank paused its interest rate cutting cycle.
U.S. prices increased in December while consumer spending surged, suggesting that the Federal Reserve could delay cutting ...
Federal Reserve Bank of Chicago President Austan Goolsbee praised the latest inflation data, adding it’s appropriate to lower interest rates as price growth slows.
The Federal Reserve’s preferred inflation gauge moved even higher in December, driven largely by rising energy prices as well ...