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 ...
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US inflation worsened last month as the cost of groceries and gasoline head higher
WASHINGTON (AP) — U.S. inflation accelerated last month as the cost of groceries, gas, and used cars rose, a disappointment for families and businesses struggling with higher costs and likely ...
Live updates: RFK Jr.'s health secretary nomination clears key hurdle; Tulsi Gabbard confirmed as Trump's intel chief
Follow live updates as the Senate votes on Tulsi Gabbard's nomination. The House DOGE subcommittee, led by Rep. Marjorie ...
Federal Reserve Chair Jerome Powell testifies before House on state of US economy
Federal Reserve Chair Jerome Powell will testify before the House Financial Services Committee Wednesday morning on the state of the U.S. economy.
Markets trim Fed rate cut bets following hot inflation report
A hotter-than-expected inflation reading makes it much more likely that the Federal Reserve will keep rates on hold for the foreseeable future, reinforcing a cautionary stance from Jerome Powell and ...
Powell Says Latest Inflation Data Show Fed Has More Work To Do
Federal Reserve Chair Jerome Powell said the latest consumer price data show that while the central bank has made substantial ...
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 ...
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.