US inflation increasing: Groceries, gas and cars cost more; interest rate cuts unlikely
Inflation’s recent uptick is a major reason the Federal Reserve has paused its interest rate cuts, after implementing three ...
Wall St falls as hot inflation data dents rate cut hopes
Wall Street's main indexes hit an over one-week low on Wednesday, as a hotter-than-anticipated inflation reading added to ...
Hot Inflation In January 2025 Reduces Odds Of Fed Interest Rate Cuts
January inflation ran hot and the odds of Fed interest rate cuts fell as Consumer Price Index total CPI inflation accelerated ...
Trump says lower interest rates would go hand-in-hand with tariffs
President Donald Trump on Wednesday said that interest rates should be lowered and that would go "hand in hand" with his ...
Fed's Powell: Strong economy means no hurry to cut rates
The U.S. Federal Reserve is in no rush to cut its short-term interest rate again given an economy that is "strong overall," ...
Powell says Trump's comments won't affect interest rate decisions by the Fed
Federal Reserve Chair Jerome Powell said Wednesday that President Donald Trump's calls for lower interest rates won't lead ...
US inflation rises broadly, further denting rate cut prospects
Higher prices for car insurance, airfares and a record monthly increase in the cost of prescription drugs paced the rise core ...
Inflation hit 7-month high of 3% in January. Here's what it means for Fed rate cuts
Inflation slowed through much of last year – falling as low as 2.4% from a 40-year high of 9.1% in mid-2022 – but it has remained stubbornly high since fall. The cost of services such as car insurance ...
Powell says Fed not 'in a hurry' to cut interest rates with 'economy remaining strong'
Federal Reserve Chair Jerome Powell will tell the Senate banking committee the Fed isn't "in a hurry" to resume its interest ...
Trump dismisses hot inflation report as ‘Biden inflation’ after another call to lower interest rates
Donald Trump on Wednesday morning dismissed a hotter-than-expected inflation report as 'Biden inflation' after making another ...
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Trump wants lower interest rates to go hand-in-hand with tariffs
U.S. President Donald Trump on Wednesday repeated his call for lower interest rates, arguing they would go 'hand in hand' ...
Powell Says Fed Doesn’t Need to Rush on Rate Cuts
Because the economy is doing well, the Fed can take its time to decide when and whether to lower interest rates.