Why credit card rates remain high, even after interest rate cuts
Americans' credit card debt has hit a record high, the Federal Reserve of New York said in a report released this week.
Inflation accelerated in October, offering first look at prices since election
Economists expect prices to have risen 2.6% over the year ending in October. That figure would mark a slight uptick from the ...
Jerome Powell Really Doesn't Want to Talk Fiscal Policy
Federal Reserve Chair Jerome Powell still would rather not talk about such potential Donald Trump priorities as central bank ...
American Banker1h
Powell: Fed is in no hurry to lower interest rates
The Federal Reserve chair said there are no economic indicators calling for rapid rate cuts. He also addressed Fed independence, the impact of Trump's economic agenda and more.
The Oakland Press3h
Top Federal Reserve official defends central bank’s independence in wake of Trump win
Andriana Kugler, a member of the Fed’s board, says economic research shows that an independent central bank typically does a ...
Powell says Fed will likely cut rates cautiously given persistent inflation pressures
Chair Jerome Powell says the Federal Reserve will likely cut its key interest rate slowly and deliberately in the coming ...
Rising US producer prices add to signs of waning disinflation
U.S. producer prices picked up in October, lifted by higher costs for services like portfolio management and airline fares, ...
New York Post8h
Inflation remains stubborn as wholesale prices accelerate after Fed rate cuts
Thursday’s report from the Labor Department showed that its producer ... notably healthcare and financial services, flow into ...
Higher services costs lift US producer inflation in October
U.S. producer prices picked up in October, lifted by higher costs for services like portfolio management and airline fares, ...
Stock market today: Indexes mixed as traders digest wholesale inflation and await Powell's remarks
Traders see another rate in December as likely after consumer and wholesale inflation this week were in line with ...
US wholesale inflation picks up slightly in sign that some price pressures remain elevated
Wholesale prices in the United States rose last month, remaining low but suggesting that the American economy has yet to ...
US Dollar Surge Hits Asian Markets
Asian markets, including Japan's Nikkei 225 and Hong Kong's Hang Seng, saw declines due to the strength of the dollar.