The chart of the day What we're watching What we're reading Economic data releases and earnings The US labor market is cooling. The president keeps clamoring for the Federal Reserve to cut interest ...

US President Donald Trump renewed his clash with Federal Reserve Chair Jerome Powell after new data showed hiring slowed last ...

Economists had expected the personal consumption expenditures index to tick down slightly to 2.2% from the month before.

Inflation is likely to pick up because of President Donald Trump’s sweeping tariffs, and could remain elevated, Federal Reserve Chair Jerome Powell said Friday. “We face a highly uncertain ...

It came from Fed Chair Jerome Powell, who told reporters Wednesday his "base case" is that higher inflation stemming from President Trump's tariffs will be "transitory" — reviving memories of ...

Fed Chair Jerome Powell said inflation is unlikely to make further progress this year due in part to Trump's tariffs. He added that the Fed's inflation forecast is rising primarily due to ...

In written remarks delivered in Arlington, Virginia, Powell said that the tariffs and their impacts on the economy and inflation are "significantly larger than expected." He also said that the ...

Recent economic trends point to the possibility that the Federal Reserve will have to grapple with sudden shocks to the supply of goods and commodities in the coming years.

Gabe Whisnant is a Breaking News Editor at Newsweek based in North Carolina. Prior to joining Newsweek in 2023, he directed daily publications in North and South Carolina. As an executive editor ...

Federal Reserve Chair Jerome Powell said Friday that he expects President Donald Trump's tariffs to raise inflation and lower growth, and indicated that the central bank won't move on interest ...

Several economists in recent months have said import levies imposed by the Trump administration will probably spur inflation ...