Apr 14 U.S. wholesale prices surged 4% last month during the Iran war By Paul Wiseman, Associated Press The surge in prices complicates the work of the inflation fighters at the Federal Reserve, who have faced intense pressure from President Donald Trump to lower their benchmark interest rate. But some Fed policymakers are inclined to raise rates instead,… Continue reading
Apr 10 Soaring gas prices leads to biggest monthly inflation spike in four years in March By Christopher Rugaber, Associated Press It’s the first read on inflation to capture the effects of the Iran war. Continue reading
Apr 06 Top Fed official sees potential rate hike amid higher gas prices, inflation concerns By Christopher Rugaber, Associated Press A top Federal Reserve official said Monday that an interest rate hike could be appropriate if inflation remains persistently above the central bank's 2% target, the latest sign that some policymakers are moving away from a bias toward reducing borrowing costs. Continue reading
Mar 30 WATCH: Fed Chair Powell addresses energy price spikes, challenging job market in Harvard conversation By Michael Casey, Associated Press Federal Reserve Chair Jerome Powell said Monday that it is important to closely monitor inflation amid a spike in energy prices from the Iran war. Continue reading
Mar 24 Chances of Fed cutting interest rates fade as inflation worsens By Christopher Rugaber, Associated Press With inflation measures likely to rise in the coming months, the prospect of interest rate cuts this year by the Federal Reserve is fading. Continue reading
Mar 19 Justice Department probe of Powell could backfire on Trump and keep Fed chair in office By Christopher Rugaber, Associated Press President Donald Trump has for months wanted to remove Jerome Powell as chair of the Federal Reserve. But instead, an investigation by one of his own officials could end up extending Powell's time at the top of the central bank even after his term… Continue reading
Mar 18 U.S. stocks sink on worries about inflation as gold falls below $5,000 per ounce By Stan Choe, Associated Press U.S. stocks are sinking Wednesday after a report said inflation was primed to worsen even before oil prices began spiking because of the war with Iran. Continue reading
Mar 18 WATCH: Fed Chair Powell holds news briefing after interest rate left unchanged By Christopher Rugaber, Associated Press Federal Reserve officials expect the Iran war will worsen inflation this year while having little impact on growth, but they still expect to cut their key rate once in 2026. Continue reading
Mar 13 WATCH: Pirro blasts judge blocking Justice Department subpoenas to Federal Reserve in Powell probe By Christopher Rugaber, Associated Press A federal judge on Friday quashed Justice Department subpoenas issued to the Federal Reserve in January, a severe blow to an investigation that has already attracted strong criticism on Capitol Hill. Continue reading
Mar 11 Inflation held steady last month before attack on Iran sent energy costs soaring By Christopher Rugaber, Anne D'Innocenzio, Associated Press Wednesday’s data has been overtaken by the conflict that began when the U.S. and Israel attacked Iran on Feb. 28, which has caused wild gyrations in oil prices as shipping lanes through the Persian Gulf have suffered a rare shutdown. Continue reading