January inflation ticks up to 3% annually as cost of groceries, gas, used cars rise
The latest Consumer Price Index report shows inflation ticked up to 3% in January from a year ago, a slight rise from the ...
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 ...
Powell Says Easing Bank Capital Requirements Could Help Treasury Market
In House testimony Wednesday, Federal Reserve Chair Jerome Powell said a proposal to ease capital requirements for U.S. banks could also improve the functioning of the all-important U.S. Treasury ...
Fed is ‘close but not there’ on getting inflation under control, Powell says
Federal Reserve Chair Jerome Powell said Wednesday that the January consumer-price index data fit with an overall picture ...
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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 ...
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.
Fed's Powell says central bank still has access to data it needs
Federal Reserve Chairman Jerome Powell said Wednesday the central bank has not been cut off from any data it needs to do its ...
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 ...
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 ...
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Oil Prices Fall On Rising Crude Inventories, Hawkish Fed
Oil prices fell in Wednesday's morning session, ending three days of gains thanks to rising U.S. crude stockpiles and hawkish ...