News
Producer prices rose 3% in 2025 as inflation lingered
1+ hour, 36+ min ago (409+ words) Inflation,as measured by theproducerpriceindex, rose 3% the year ending in December, the Bureau of Labor Statistics reported Friday, more than many economists had expected. The report indicates that inflation tracked by the PPI still remains a full percentage point above…...
Trump names Kevin Warsh to be next Fed chairman
7+ hour, 46+ min ago (682+ words) President Donald Trump has named former Fed governor Kevin Warsh to be the next Federal Reserve chairman. Warsh, 55, would replace current Fed Chairman Jerome Powell when his term is up. The pick was announced in advance of Powell's departure in…...
Powell defends Fed independence in questions about DOJ inquiry
1+ day, 22+ hour ago (747+ words) Federal Reserve Chairman Jerome Powell defended the central bank's independence as he faced his first questions about the Justice Department investigation into him. The questions came at a press conference after a meeting of top Fed officials in which they…...
WATCH LIVE: Jerome Powell delivers interest rate decision
2+ day, 1+ hour ago (118+ words) Federal Reserve Chairman Jerome Powell is set to deliver the central bank's decision on interest rates in a press conference on Wednesday afternoon following a two-day policy meeting. The embattled chairman faced the ire of President Donald Trump last year…...
Dollar dips to four-month low on uncertainty over tariffs, Fed, shutdown
3+ day, 8+ hour ago (1173+ words) The value of the'dollar'continued to drop on Monday, falling to a four-month low as uncertainty surrounding tariffs, the Federal Reserve, and a potential government shutdown put downward pressure on the greenback. The dollar index dropped as low as 96.85 on Monday,…...
Who is Rick Rieder, favorite for new Federal Reserve chairman?
4+ day, 55+ min ago (276+ words) Last week, Treasury Secretary Scott Bessent said President Donald Trump could nominate the next chairman of the Federal Reserve Board of Governors as soon as this week. The term of the current chairman, Jerome Powell, ends in May. Just two…...
America’s deal boom signals real economic confidence
4+ day, 9+ hour ago (499+ words) One of the clearest signals of economic confidence does not come from government forecasts or academic models. It comes from corporate boardrooms, where companies commit real capital, take real risk, and make long-term bets on the future. RNC REGROUPS AND…...
Consumer sentiment hits highest level in months in sign deep gloom is receding
1+ week, 3+ hour ago (347+ words) Consumer'sentiment'increased this month to its highest level since August as households show signs of shaking off the economic dissatisfaction and even outright despair that have gripped the United States in recent months. Consumer sentiment rose to 56.4 in January, up from…...
Inflation ticked up to 2.8% in November in Fed’s preferred gauge
1+ week, 1+ day ago (650+ words) Inflation'rose one-tenth of a percentage point to 2.8% for the year ending in November 2025, the Bureau of Labor Statistics reported Thursday in an update to the personal consumption expenditures index, which is the Federal Reserve's'preferred inflation gauge. Thursday's report is the…...
Trump candidate for Fed chair has supported higher corporate rate
1+ week, 2+ day ago (959+ words) One of the finalists to be President Donald Trump's pick to lead the Federal Reserve has supported raising the corporate tax rate and said the United States needs higher immigration, putting him at odds with some of the administration's policy…...