Fed's Powell heads back to Congress as data shows inflation jump in January
Federal Reserve Chair Jerome Powell repeated on Wednesday that the central bank is in no rush to cut interest rates during a congressional hearing convened shortly after data showed U.S. consumer ...
Jerome Powell Testimony Live: We are not there on inflation
Jerome Powell, Chairman of the United States (US) Federal Reserve (Fed), repeated that they do not need to be in a hurry to ...
Powell Says Trump’s Rate Comments Won’t Impact Fed Policy
President Trump said that interest rates should come down earlier Wednesday. Officials have said they are in no rush to cut ...
Rep. Waters Urges Powell to Maintain Fed Independence
House Financial Services Committee Ranking Member Rep. Maxine Waters, a Democrat from California, urged Federal Reserve Chair ...
Watch Fed Chair Powell speak live before House Financial Services Committee
Federal Reserve Chair Jerome Powell returns to Capitol Hill on Wednesday for the second day of his semiannual updates on monetary policy.
The Grand Junction Daily Sentinel3h
US stocks fall as inflation unexpectedly heats up
US stock markets tumbled on Wednesday as an inflation reading came in hotter than expected, fanning fears that the Federal ...
Powell Says Fed Doesn’t Need to Rush on Rate Cuts
Because the economy is doing well, the Fed can take its time to decide when and whether to lower interest rates.
US Consumer Prices Increase More Than Expected in January
Excluding the volatile food and energy components, the CPI climbed 0.4% in January. The so-called core CPI increased 0.2% in ...
BusinessMirror4h
Treasury yields climb after Fed’s Powell reiterated CB’s patience
TREASURY yields rose and stocks fluctuated as Federal Reserve Chair Jerome Powell reiterated the central bank is in no rush to cut rates. Bonds fell across the curve, with money markets continuing to ...
US Dollar steadies ahead of US CPI, Powell’s second day at Capitol Hill
The US Dollar trades fairly flat ahead of the US CPI release on Wednesday.
BusinessMirror5h
Shares edge higher with traders on inflation watch
SHARES edged higher as traders parsed the latest earnings news and looked forward to a key US inflation print later for clues on the outlook for interest-rate cuts. Europe’s Stoxx 600 posted modest ...
CPI Report Today: Dow Futures Edge Down Ahead of Inflation Data
Follow along for live updates on stocks and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.