Economy Jul 14 Massive data center buildout poses latest inflation threat for consumers Investment in data centers has made memory chips, computer processors and other equipment, as well as electricity, more expensive.
Economy Jul 14 Inflation cools more than expected in June as gas costs fall and underlying prices ease Tuesday's report likely reduces pressure on the Fed to boost its short-term interest rate to combat inflation.
Politics Jul 13 WATCH: Fed chair Kevin Warsh testifies on inflation and monetary policy in House hearing Federal Reserve Chair Kevin Warsh said Tuesday that the Fed will make high inflation “a thing of the past," yet he provided no signal about the central bank's next steps.
Economy Jul 02 U.S. employers pulled back on hiring in June U.S. employers added only 57,000 jobs, less than half the previous month’s total and a sign companies still have a cautious economic outlook.
Economy Jul 01 Federal Reserve Chair Warsh emphasizes political independence, signals focus on inflation In remarks at a central bank conference in Sintra, Portugal, Warsh said that if businesses or households thought the Fed would accept inflation above 2%, “I guess they'd be disappointed. We're going to deliver price stability.”…
Economy Jun 30 U.S. consumer confidence rises as gas prices fall, but economic outlook remains gloomy The Conference Board said Tuesday that its consumer confidence index rose 0.6 point to 91.2 in June, a figure that is still below its year-ago reading of 95.2.
Economy Jun 25 Key inflation gauge jumps to 3-year high in latest sign of affordability challenges The increase was largely driven by more expensive gas, as well as pricier semiconductors and other computer equipment that are in high demand for the AI buildout.
Economy Jun 22 Former Federal Reserve Chairman Alan Greenspan dies at 100 Former U.S. Federal Reserve Chair Alan Greenspan died Monday from complications of Parkinson’s disease, said his wife of 29 years, NBC News correspondent Andrea Mitchell. He was 100.
Economy Jun 17 WATCH: New Fed chair Kevin Warsh holds first news conference after leaving interest rate unchanged The Federal Reserve kept its key rate unchanged Wednesday yet almost half the central bank’s policymakers said they could support a rate hike later this year.
Economy Jun 10 Inflation rises to a 3-year high on spiking gas prices, highlighting affordability challenges Rising gas prices pushed inflation to its highest level in three years last month, a headache for the Federal Reserve and a potential political challenge for the Trump administration as midterm elections near.