The Fed’s Preferred Inflation Measure Ticked Up Slightly in December
Fed's preferred inflation gauge meets expectations in December
The Fed’s go-to inflation gauge heated up again
The Federal Reserve’s preferred inflation gauge moved even higher in December, driven in part by rising food and energy prices. However, a closely watched measurement of underlying inflation trends indicated some progress in the fight to rein in price hikes.
Trump Lashes Out At Jerome Powell After Fed Doesn’t Cut Interest Rates
Trump accuses Fed, Powell of creating inflation on heels of rate decision
Fed hold rates steady, sees inflation as ‘elevated’; Powell declines comment on Trump
Inflation ticked higher last month, in latest sign of persistent price pressures
WASHINGTON (AP) — An inflation gauge closely watched by the Federal Reserve rose slightly last month, the latest sign that some consumer prices remain stubbornly elevated, even as inflation is cooling in fits and starts.
Trump says Powell and Fed ‘failed to stop the problem they created’ on inflation
President Donald Trump wasted no time criticizing the Federal Reserve after it held interest rates steady Wednesday, posting a message to his social media platform Wednesday afternoon arguing Fed chair Jerome Powell and the central bank "failed to stop the problem they created" on inflation.
Powell Says Change in Statement Language on Inflation Isn’t a Signal
Fed Chair Jerome Powell said Wednesday that he continues to look at the overall progress that inflation has made in moving back toward the central bank’s 2% target. While the bank’s latest statement did leave out a December reference to strides made in the fight against inflation,
Fed Stays Steady, and Powell Offers No Guidance on Future Rate Cuts
After three cuts at the end of last year, Federal Reserve officials paused rate moves as they weigh a solid economy and rising inflation risks. Jerome H. Powell, the Fed chair, said the central bank was not on a “pre-set course.
Powell Says Fed Is Meaningfully Above Neutral Rate
Powell made clear that Fed policymakers are in no rush to reduce interest rates further, after lowering borrowing costs by a full percentage point in the final months of 2024. Whe
Fed keeps interest rates unchanged — pushing Trump to bash Powell for failing to stop ‘problem they created’
Fed Chair Jerome Powell said “we do not need to be in a hurry to adjust our policy stance” and monetary policy is “well positioned” for the challenges at hand.
Trump may be his own worst enemy in his fight against the Fed
Trump said Powell and the Fed "failed to stop the problem they created with inflation" in a post on Truth Social on Wednesday.
2 charts show why markets are skittish about Trump's tariff policy
Tedeschi's chart shows that when taken literally, Trump's campaign proposals could increase the average effective tariff rate anywhere from seven to 27 percentage points. The high end of the estimate would bring the average effective tariff rate to a level not seen since 1900.
Wages and benefits for American workers accelerate slightly in fourth quarter
The numbers: Wages and benefits for American workers accelerated in the fourth quarter. The employment-cost index (ECI) increased 0.9% from October to December, the government said Friday. That's up slightly from a 0.8% gain in the prior quarter, which was the slowest quarterly increase in three years.
Donald Trump is waging a very public war on Jerome Powell—so why hasn’t he picked up the phone?
President Trump has a lot to say about FOMC chairman Jerome Powell—and yet it seems he won't take his fight directly to the Fed.