WASHINGTON (AP) — The Federal Reserve’s favored inflation gauge accelerated slightly in August from a year earlier. The ...
President Donald Trump has announced new tariffs on various products, including prescription drugs and home furnishings, set to take effect Wednesday.
The Fed’s preferred inflation gauge rose 2.7% in August, while core prices climbed 2.9%. Consumer spending and incomes also ...
The S&P 500 rose 0.6% and was on track to break a three-day losing streak.The Dow Jones Industrial Average was up 357 points, or 0.9%, with an hour remaining in trading, and the Nasdaq composite was 0 ...
US PCE inflation met expectations at 2.7% YoY, boosting rate cut bets to 87.7% and sparking optimism for a Q4 crypto rally.
President Trump plans steep import tariffs, including 100% on pharmaceuticals and new taxes on furniture, cabinets and trucks ...
Personal income, which rose $95.7B in August was overtaken by consumer spending, which jumped $129.2B, pushing the saving rate to 4.6% amid steady inflation and higher wages.
President Donald Trump said Thursday that he will put import taxes of 100% on pharmaceutical drugs, 50% on kitchen cabinets ...
On today's episode of CNBC Crypto World, major cryptocurrencies end the week lower after a new read on the Fed's preferred inflation gauge showed costs rose in line with expectations. At the same time ...
Fed Chair Jerome Powell has said that the economy faces a "challenging situation" as the labor market weakens while inflation ...
The Fed risks repeating the mistake it made in 1967, before inflation spiraled into a stagflation crisis, TS Lombard said ...
An economist whose research provided a foundation for Federal Reserve Governor Stephen Miran's argument that President Donald ...