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Powell put a cat among the pigeons by suggesting he was minded to "look through" tariff-induced inflation by not increasing ...
Core PCE tends to move more slowly than the consumer price index, or CPI, and covers a broader range of spending. If ...
The Federal Reserve's primary inflation gauge, the core PCE price index, rose more than expected in June. The hurdle to a Fed ...
President Trump escalated his criticism of Federal Reserve Chairman Jerome Powell a day after the central bank kept rates on ...
New taxes on most trading partners are set to kick in Friday, and some countries are rushing to make last-minute trade deals ...
The Fed is unlikely to cut rates in September, as inflation risks remain and most governors want more data before resuming ...
Inflation in the Federal Reserve’s preferred measurement ticked up to a 2.6-percent annual increase in June from 2.3 percent ...
M/M vs. +0.3% consensus and +0.2% prior (unrevised), according to data released by the Commerce Department's Bureau of Economic Analysis on Thursday.
The Federal Reserve left its key interest rate unchanged at 4.25% to 4.5% and offered no clues on whether it will resume its rate cuts in September.
Nothing tariffs are starting to push up prices, Powell said the Fed is already “looking through” goods inflation by not raising rates. That “could be pushback to those who might want lower rates now," ...
The central bank has said Trump’s tariffs are making it difficult for it to lower rates, something that would otherwise be ...
U.S. stocks closed well off earlier highs after a choppy session on Wednesday, as Federal Reserve Chair Jerome Powell chilled ...