News

Trump admin has ‘lot of good candidates’ to replace Fed Chair Jerome Powell: Bessent
If they want to make a mistake here and not cut, that’s fine,” Bessent told CNBC, insisting that tariffs imposed by Trump ...
Inflation creeps higher in May and dims chances of the Fed cutting interest rates soon
The cost of living rose slowly in May for the third month in a row, but the rate of inflation is probably still too high for ...
Fed's Targeted Inflation Gauge Shows Little Tariff Impact
The Federal Reserve's targeted inflation measure ticked slightly higher in May, but the numbers didn't show a big ...
Core inflation rate rose to 2.7% in May, more than expected, Fed's preferred gauge shows
The PCE price index was projected to rise 0.1% in May, with the annual inflation rate at 2.3%, according to the Dow Jones ...
Solid Jobs Report Keeps Fed Rate Cuts at Bay
The latest labor market data released on Thursday reinforces the central bank’s wait-and-see approach to lowering borrowing ...
Hassett: Inflation Is Lowest It's Been In 4 Years. If The Fed Were Data Driven, They Would Be Lowering Interest Rates
Director of the National Economic Council Kevin Hassett told "Special Report" host Bret Baier he has "high confidence" ...
Fed’s preferred inflation gauge rose to 2.7% in May — hotter than anticipated
The personal consumption expenditures price index rose 0.1% for the month, pushing the annual inflation rate to 2.3%, ...
The Fed’s Preferred Inflation Gauge Was Slightly Hotter in May, as Spending Cooled
Most economists and policymakers are bracing for price pressures to intensify this summer because of President Trump’s tariffs.
May PCE: Fed's preferred inflation gauge rises 0.1% higher than expected
The U.S. Bureau of Economic Analysis announced Friday that core inflation jumped higher than expected last month.