US Dollar turns down despite hot CPI
The US Dollar Index jumped after January CPI data surprises to the upside, fueling expectations of higher rates for a longer ...
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US CPI Data Highlights: Dow drops more than 150 points after CPI report
The US Bureau of Labor Statistics will release the January 2025 Consumer Price Index (CPI) data on February 12 at 8:30 AM ...
Fed Needs to See Resumed Inflation Progress Before Cutting: Powell
Powell said officials need to see more progress on slowing inflation before considering further rate cuts but declined to ...
Powell Says Fed Independence Is Critical to Its Inflation Fight
Powell defended the central bank’s independence from elected lawmakers’ desires. “Research over many, many years…shows that ...
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US Equity Indexes Mixed as Treasury Yields Advance Amid Hot Inflation Report
US equity indexes traded mixed as a stronger-than-expected inflation print sent government bond yields higher, lifting bets the Federal Reserve will extend its policy pause into March. The Nasdaq ...
Hopes for more Fed rate cuts dim as Powell notes hot CPI means 'we're not quite there yet'
A Fed interest rate cut won't be coming until at least September, if at all this year, following a troubling inflation report ...