Hot inflation data pushes market’s rate cut expectations to September
As recently as January, investors had high hopes that the Federal Reserve was about to embark on a rate-cutting campaign…
Trump slams Biden for ‘raging’ inflation after hotter-than-expected March price report
Donald Trump on Wednesday pounced on President Joe Biden after March’s consumer price index came in higher than expected, notching…
Consumer prices rose 3.5% from a year ago in March, more than expected
The consumer price index accelerated at a faster-than-expected pace in March, pushing inflation higher and likely dashing hopes that the…
A crucial report Wednesday is expected to show little progress against inflation
A closely watched Labor Department report due Wednesday is expected to show that not much progress is being made in…
Small business optimism hits 11-year low as inflation fears won’t go away
Small business confidence hit its lowest level in more than 11 years for March as proprietors worried that inflation is…
Jamie Dimon says AI may be as impactful on humanity as printing press, electricity and computers
Jamie Dimon, the veteran CEO and chairman of JPMorgan Chase, said he was convinced that artificial intelligence will have a…
Fed Governor Bowman says additional rate hike could be needed if inflation stays high
Federal Reserve Governor Michelle Bowman said Friday that it’s possible interest rates may have to move higher to control inflation,…
Economist El-Erian says the Fed has turned into a play-by-play commentator
The U.S. Federal Reserve has become too data dependent and has lost sight of its overall strategy, Mohamed El-Erian, chief…
