The central bank needs to see further progress on inflation or weakness in the labor market to resume interest rate cuts.

The personal consumption expenditures price index for December was expected to show a 2.6% increase on an annual basis ...

The Federal Reserve's preferred inflation gauge, known as the personal consumption expenditures index, rose in December in ...

The Federal Reserve’s preferred inflation gauge moved even higher in December, driven in part by rising food and energy prices. However, a closely watched measurement of underlying inflation ...

Thursday's coverage included more tech earnings, focus on Trump's latest on potential tariffs and more analysis around Monday ...

WASHINGTON (AP) — The American economy ended 2024 on a solid note with consumer spending continuing to drive growth. The Commerce Department reported Thursday that gross domestic product — the economy ...

Borrowers hoping for more financial relief from the Federal Reserve may have a wait on their hands, as the central bank is ...

Powell said the Fed is working to align its workforce policies with Trump but signaled that changes could be limited.

U.S. stocks were traded mixed on Wednesday morning with markets in a wait-and-see mode ahead of the first Federal Reserve interest-rate decision of 2025. Investors also were getting ready for ...

"I think the market can live with where rates are now, as long as the 10-year rate is stable," said Keith Lerner, co-chief investment officer at Truist Advisory Services, in a call following the Fed ...

The Federal Reserve is expected to pause rate cuts at its January 29 meeting, maintaining rates between 4.25% and 4.5%.