Powell defended the central bank’s independence from elected lawmakers’ desires. “Research over many, many years…shows that ...
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.
House Financial Services Committee Ranking Member Rep. Maxine Waters, a Democrat from California, urged Federal Reserve Chair ...
Because the economy is doing well, the Fed can take its time to decide when and whether to lower interest rates.
The cost of groceries, a major pain point for most households, is expected to have risen last month, driven higher by another jump in egg prices.
Shares of Super Micro Computer jumped after the company set a sales outlook for fiscal 2026 that blows past current Wall Street forecasts, unwinding a selloff earlier in the day.
Asian equities rose while London and Frankfurt hit fresh highs Wednesday as traders took in their stride a warning from ...
US Treasury yields moved significantly higher due to a number of factors. Click here to read the full commentary.
Tariff hikes could give Fed officials reason to drag their feet on rate cuts even if first-quarter inflation readings don't punch them in the nose again. "It probably biases them to just be a little ...
Stocks in Asia were mostly down Tuesday, after U.S. President Donald Trump imposed 25% tariffs on all U.S. imports of steel ...
Gross domestic product (GDP) increased at an annual rate of 2.3% in the fourth quarter of 2024, according to the Bureau of ...
Britain's benchmark index, the FTSE 100, reached a record high as investors reacted positively to strong corporate updates ...