inflation

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…

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…