Hopes for more Fed rate cuts dim as Powell notes hot CPI means ‘we're not quite there yet'
A Fed interest rate cut won’t be coming until at least September, if at all this year, following a troubling inflation report ...
Gold price advances as US CPI heats up
Gold price recovered some ground late during Wednesday’s North American session. Federal Reserve (Fed) Chair Jerome Powell ...
Watch Fed Chair Powell speak live before House Financial Services Committee
Federal Reserve Chair Jerome Powell returns to Capitol Hill on Wednesday for the second day of his semiannual updates on monetary policy.
US inflation worsened last month with prices for groceries and gasoline heading higher
President Donald Trump pledged to reduce prices in last year’s campaign, though most economists worry that his many proposed tariffs could at least temporarily increase costs.
Asia-Pacific markets set for higher open after Wall Street declines on inflation fears
Overnight in the U.S., the S&P 500 tumbled and bond yields spiked after consumer prices rose more than expected in January.
US inflation worsened last month with cost of groceries and gasoline rising
U.S. inflation accelerated last month as the cost of groceries, gas, and used cars rose, a trend that will likely underscore ...
Don't read too much into January CPI report, Chicago Fed's Goosbee says
Chicago Fed President Austan Goolsbee called the January Consumer Price Index data "sobering" when the inflation rate came in hotter than expected on Wednesday. But don't read too much into any one ...
Inflation rises unexpectedly, complicating picture for the Fed
U.S. inflation rose to 3% in January, driven by increased consumer prices in sectors like groceries and gasoline. Core CPI ...
Thousands in Taiwan and China celebrate the Lantern Festival with high hopes and rice dumplings
Thousands in Taiwan and China celebrated the Lantern Festival on Wednesday by releasing paper lanterns into the night sky, visiting light installations and snacking on ...