More relief for Fed's Powell: First Bessent, then Kennedy
"With our policy stance now significantly less restrictive than it had been and the economy remaining strong, we do not need to be in a hurry to adjust our policy stance," Fed Chair Jerome Powell said ...
Did prices jump in January? Inflation report will provide latest update on consumer costs
The cost of groceries, a major pain point for most households, is expected to have risen last month, driven higher by another ...
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US CPI Data LIVE Updates: January data to be released today, markets brace for impact
The US Bureau of Labor Statistics will release the January 2025 Consumer Price Index (CPI) data on February 12 at 8:30 AM ...
Futures muted in run-up to latest inflation test
U.S. stock index futures took a pause on Wednesday, as investors refrained from making big bets ahead of a crucial inflation ...
Dollar steady before US CPI, yen weak
The dollar held mostly steady against other major currencies on Wednesday as traders awaited U.S. inflation data, though ...
5 things to know before the stock market opens Wednesday
Federal Reserve Chair Jerome Powell heads back to Capitol Hill for a second day of testimony.
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Gold’s record rally hits pause after Powell signals restraint
Gold fell for a second day, retreating from a record high, after Federal Reserve Chair Jerome Powell said there’s no hurry to ...
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Gold prices drop as US inflation data looms
Gold prices plummeted today, Feb. 12, after a record run since the beginning of this week due to the escalation of global trade woes, but lost momentu ...