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Why won’t the Fed cut rates in July? Its favorite inflation gauge is telling it not to.
The inflation gauge the Federal Reserve relies on most to decide whether to raise or lower U.S. interest rates is likely to cement a decision by the central bank to stand pat at its next meeting at the end of July.
What is clear is that the current 4.33% median Fed funds target rate remains well above the inflation trend. Even after the ...
Rising prices across an array of goods from coffee to audio equipment to home furnishings pulled inflation higher in June in ...
Higher tariffs put in place by the Trump White House this year have started to increase inflation, and these effects are likely to increase in the coming months, New York Fed President John Williams ...
CPI data reveals inflation trends, with core at 2.9%. Service sector inflation rises, suggesting the Fed may hold rates ...
President Donald Trump is not a supporter of Federal Reserve Chairman Jerome Powell, and his administration is applying ...
U.S. stocks are shaky after President Donald Trump said he had talked about the concept of firing the head of the Federal ...
The Indian rupee fell on Wednesday as the latest U.S. inflation report showed that tariffs were beginning to feed into prices ...
The producer price index for total final demand was unchanged in June, the Bureau of Labor Statistics reported.
Trump indicated that Powell’s handling of an extensive renovation project on two Fed buildings could be grounds to fire him.
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