Fed Chair Powell says there has been a ‘lack of further progress’ this year on inflation
Federal Reserve Chair Jerome Powell said Tuesday that the U.S. economy, while otherwise strong, has not seen inflation come back…
Watch Fed Chair Powell speak live during a policy forum in Washington
[The stream is slated to start at 1:15 p.m. ET. Please refresh the page if you do not see a…
Retail sales jumped 0.7% in March, much higher than expected
Rising inflation in March didn’t deter consumers, who continued shopping at a more rapid pace than anticipated, the Commerce Department…
Surging inflation fears sent markets tumbling and Fed officials scrambling
The early data is in for the path of inflation during the first three months of 2024, and the news…
BlackRock’s Larry Fink sees Fed cutting rates twice this year but missing 2% inflation goal
BlackRock CEO Larry Fink predicted Friday that the Federal Reserve likely will still cut interest rates this year but won’t…
Jamie Dimon warns that inflation, wars and Fed policy pose major threats ahead
JPMorgan Chase CEO Jamie Dimon warned Friday that multiple challenges, primarily inflation and war, threaten an otherwise positive economic backdrop.…
Physical gold offers more protection than mining stocks, says State Street’s George Milling-Stanley
Investors looking to weather a volatile market may want to opt for physical gold over gold stocks. That’s according to…
Wholesale prices rose 0.2% in March, less than expected
A measure of wholesale prices increased less than expected in March, providing some potential relief from worries that inflation will…
European Central Bank gives strong signal that cuts are on the way despite Fed uncertainty
The European Central Bank on Thursday held interest rates steady for a fifth straight meeting and gave its clearest signal…
Fed wants more confidence that inflation is moving toward 2% target, meeting minutes indicate
Federal Reserve officials at their March meeting expressed concern that inflation wasn’t moving lower quickly enough, though they still expected…
