Analysis-Hotter January inflation jolts markets, dimming rate cut hopes
Surprisingly strong U.S. inflation in January stoked investor fears that a heating economy and looming tariffs could corner ...
Inflation Rises In January, Housing Costs Up, Adding To Consumers' 2025 Concerns
Consumer Price Index came in higher than expected with inflation hot to start 2025. What Happened: CPI rose 3% on a year-over ...
What does having the Consumer Financial Protection Bureau on hold mean for consumers?
The Consumer Financial Protection Bureau is the latest U.S. government agency to have its work halted by the Trump ...
New York Magazine25m
How Trump Will Try to Justify His Power Grabs in Court
Trump may ultimately defy judges and the rule of law, but at first he’ll bid for Supreme Court recognition of vastly expanded ...
Elizabeth Warren to Elon Musk: ‘You Don’t Get to Slither Around in the Dark’
The Massachusetts senator decries Donald Trump’s vandalism of the Consumer Financial Protection Bureau and Musk’s "Mount Everest of conflicts." ...
Powell Says Fed Independence Is Critical to Its Inflation Fight
Powell defended the central bank’s independence from elected lawmakers’ desires. “Research over many, many years…shows that ...
Education Department rescinds Biden memo that threatened to upend college NIL payments
WASHINGTON (AP) — The U.S. Education Department is scrapping last-minute guidance issued by the Biden administration that ...
WBAL-TV44m
January inflation ticks up to 3% annually as cost of groceries, gas, used cars rise
The latest Consumer Price Index report shows inflation ticked up to 3% in January from a year ago, a slight rise from the ...
Fed's Powell says central bank still has access to data it needs
Federal Reserve Chairman Jerome Powell said Wednesday the central bank has not been cut off from any data it needs to do its ...
Guide to the average savings in America by age
The Fed's latest Survey of Consumer Finances shows that the typical American household has $5,300 in a savings account at a ...
Trump wants interest rate cuts. The market isn't buying it.
Voters elected Trump to find a way to curb the hotter inflation that occurred under President Joe Biden. But the president ...
Trump wants both lower interest rates and tariffs. Here's how that could backfire.
President Donald Trump took to Truth Social Wednesday to argue that tariffs and lower interest rates go "hand in hand," suggesting that new trade barriers could prompt the Federal Reserve to ease ...