Fed Chair Sees Elon Musk's Audit Push As Threat To Central Bank's Existence
Federal Reserve Chair Jerome Powell said he views proposals to "audit the Fed" floated by Elon Musk and others last week as a ...
Stocks Muted Before the Open as Investors Await Key U.S. PPI Data and Corporate Earnings
S&P 500 E-Mini futures (ESH25) are down -0.02%, and March Nasdaq 100 E-Mini futures (NQH25) are up +0.06% this morning as market participants awaited crucial producer inflation data and a new round of ...
Stocks and Bonds Fall After Hotter Than Expected Inflation Reading
Investors are now betting that the Federal Reserve will cut interest rates just once more this year, a drastic shift in expectations since late 2024.
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US inflation jump puts Fed officials on notice as Powell testifies
Higher inflation readings reported on Wednesday left Federal Reserve officials telling U.S. lawmakers, business executives and the public that they may be waiting longer than they had thought for ...
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Powell says Trump’s comments won’t affect interest rate decisions by the Fed
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said Wednesday that President Donald Trump’s calls for lower interest ...
Donald Trump's Pledge to Lower Costs on 'Day One' is Unraveling
A disappointing inflation reading and soaring egg prices have undermined Trump's promise to reduce costs on "day one." ...
Jerome Powell Testimony Live: We are not there on inflation
Jerome Powell, Chairman of the United States (US) Federal Reserve (Fed), repeated that they do not need to be in a hurry to ...
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Federal Reserve's Jerome Powell says there's no need to rush on interest rate cuts
Powell was also asked about the high cost of home ownership and President Trump's trade policies, but as usual, the Fed chair ...
Did prices jump in January? Inflation report will provide latest update on consumer costs
On Wednesday the Labor Department is expected to report that in January the consumer price index rose 2.9% from a year ago, ...
Treasury yields consolidate above 4.5% ahead of CPI inflation report
The U.S. consumer price index for January will be released at 8:30 a.m. Eastern on Wednesday. Economists expect headline annual CPI inflation of 2.8%, down a touch from January’s 2.9%. However, that ...
U.S. Treasury Yields Rise Again as Market Awaits CPI Inflation Data
U.S. Treasury yields were edging higher, extending the previous day's move, ahead of January inflation data at 8:30 a.m. Eastern time. "Even if the annual rate falls back, the threats of Trump tariffs ...
Stock market today: Asian shares mostly rise as region continues watching Trump's latest tariffs
TOKYO (AP) — Asian shares mostly rose Wednesday, as regional markets continued to watch President Donald Trump’s latest ...