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.
Economy May 28 Key inflation gauge worsens as Americans' income and spending power erodes A key inflation gauge accelerated in April to the highest level in three years, squeezing Americans' finances and creating political challenges for President Trump and congressional Republicans with midterm elections just five months away.
Economy May 26 Even as stock market hits highs, most Americans are cutting back on spending, survey shows U.S. consumer confidence declined slightly this month as gas prices stayed high and inflation remained elevated, a sharp contrast to soaring stock prices that have neared record levels.
Politics May 13 Senate confirms Trump pick Warsh as chairman of the Federal Reserve, following Powell The Senate confirmed President Donald Trump’s nominee to lead the Federal Reserve, Kevin Warsh, bringing new leadership to the world's most powerful central bank at a fraught moment for the global economy.
Economy May 07 Study: Lower-income Americans are using less gas but being hit the hardest by the price spike Lower-income Americans sharply reduced their gas consumption in the month following the Iran war, yet spiking prices still forced them to spend more at the pump, worsening the economy's economic disparities, new research released Wednesday showed.
Economy Apr 30 Key inflation gauge jumps to highest level in 3 years as Iran war spikes gas prices A key inflation measure jumped in March as gas prices soared, the latest sign that the Iran war is pushing up the cost of living and delaying any interest rate cuts by the Federal Reserve.
Politics Apr 29 WATCH: Committee sends Kevin Warsh's nomination for Fed chair to full Senate vote The Senate Banking Committee voted on party lines Wednesday to approve Kevin Warsh as the next chair of the Federal Reserve to replace Jerome Powell, a long-time target of President Trump’s insults for not cutting borrowing costs as far as…