US Dollar turns down despite hot CPI
The US Dollar Index jumped after January CPI data surprises to the upside, fueling expectations of higher rates for a longer ...
Powell Says Fed Independence Is Critical to Its Inflation Fight
Powell defended the central bank’s independence from elected lawmakers’ desires. “Research over many, many years…shows that ...
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 ...
Fed's Powell says US close but not there yet on inflation
Federal Reserve Chair Jerome Powell says the US has made progress toward 2% inflation but isn't quite there yet during a House Financial Services Committee hearing.
Why U.S. Consumer Prices Increased More Than Expected in January
U.S. consumer prices increased more than expected in January, reinforcing the Federal Reserve’s message that it was in no rush to resume cutting interest rates amid growing uncertainty over the ...
Dow Jones Industrial Average tumbles as US inflation kicks higher
Nearly the entire Dow Jones equity board lost ground on Wednesday, although Boeing (BA) and Walmart (WMT) managed to stake out room on the green side. Both companies gained around 1.2%, with Boeing ...
Powell says Trump’s comments won’t affect interest rate decisions by the Fed
Federal Reserve Chair Jerome Powell said Wednesday President Donald Trump’s calls for lower interest rates won’t lead the ...
Fed's Powell heads back to Congress as data shows inflation jump in January
Federal Reserve Chair Jerome Powell repeated on Wednesday that the central bank is in no rush to cut interest rates during a ...
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.
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Bonds Hit by CPI as Oil Sinks on US-Russia Talks: Markets Wrap
The world’s biggest bond market got hit as hot inflation data spurred bets the Federal Reserve won’t have much room to cut rates this year. Oil sank as President Donald Trump said he agreed with ...
Rep. Waters Urges Powell to Maintain Fed Independence
House Financial Services Committee Ranking Member Rep. Maxine Waters, a Democrat from California, urged Federal Reserve Chair ...
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Wall Street Gets No Relief From Powell After CPI: Markets Wrap
Stocks got hit and bond yields surged as hot inflation data spurred bets the Federal Reserve won’t have much room to cut rates this year.