Economy Feb 12 U.S. inflation increases to 3 percent, groceries and gasoline prices heading higher The consumer price index increased 3% in January from a year ago, Wednesday's report from the Labor Department showed, up from 2.9% the previous month.
Politics Feb 12 WATCH: Powell says Trump's calls for lower interest rates won't affect Fed's decisions Federal Reserve Chair Jerome Powell said Wednesday President Donald Trump’s calls for lower interest rates won’t lead the central bank to change its rate decisions.
Politics Feb 11 WATCH: Powell says Fed 'well positioned' for 'risks and uncertainties' that lie ahead for economy After cutting its key rate a full percentage point in the final three months of last year, with "the economy remaining strong, we do not need to be in a hurry to adjust our policy stance," Powell said in written…
Politics Feb 09 Trump says he plans to impose steel and aluminum tariffs, with more import duties coming President Donald Trump said he will announce on Monday that the United States will impose 25 percent tariffs on all steel and aluminum imports, including from Canada and Mexico, as well as other import duties later in the week.
Politics Feb 09 Vought orders CFPB to stop investigations and suspend new rules from taking effect The Trump administration has ordered the Consumer Financial Protection Bureau to stop nearly all its work, effectively shutting down an agency that was created to protect consumers after the 2008 financial crisis and subprime mortgage-lending scandal.
Nation Jan 31 Tariffs threatened by Trump could nudge prices in wrong direction as U.S. inflation lingers Friday’s report from the Commerce Department showed that consumer prices rose 2.6% in December from a year earlier, up from a 2.4% annual pace in November and the third straight increase.
Politics Jan 29 WATCH: Fed Chair Powell holds news briefing after key interest rate decision The Federal Reserve left its benchmark interest rate unchanged Wednesday after cutting it three times in a row last year, a sign of a more cautious approach as the Fed seeks to gauge where inflation is headed and what policies…
Politics Dec 18 WATCH: Fed Chair Powell holds news conference following quarter-point interest rate cut The Federal Reserve signaled that it expects to reduce rates more slowly next year than it previously envisioned, largely because of still-elevated inflation.
Economy Dec 16 Fed's rate cuts likely to slow with inflation pressures still elevated Americans hoping for lower borrowing costs for homes, credit cards and cars may be disappointed after this week's Federal Reserve meeting.
Politics Dec 10 Trump names Andrew Ferguson to head the Federal Trade Commission Ferguson will replace Lina Khan, who became a lightning rod for Wall Street and Silicon Valley by blocking billions of dollars' worth of corporate acquisitions and suing Amazon and Meta while alleging anticompetitive behavior.