Inflation slowed for a sixth-straight month in December, data out Thursday showed. This downtrend in price increases suggests that, at last, the Federal Reserve’s inflation-fighting interest rate hikes seem to be working. But this tool likely … Read more
At a forum discussing central bank independence, Federal Reserve Chairman Jerome Powell emphasized the necessity for the central bank to operate independently from political influence as it addresses persistent inflation. In his speech delivered to … Read more
WASHINGTON – Federal Reserve Chairman Jerome Powell confirmed Wednesday that smaller interest rate increases are likely ahead even as he sees progress in the fight against inflation as largely inadequate. Echoing recent statements from other … Read more
Stocks rose on Wednesday afternoon following the release of the minutes from the Federal Reserve’s latest policy meeting, which signaled a likely slowdown in the central bank’s pace of rate hikes. Near 2:05 p.m. ET on … Read more
(Bloomberg) — Federal Reserve Bank of Minneapolis President Neel Kashkari said Friday that the whole idea of cryptocurrency is “nonsense” after the implosion of FTX Group revealed the industry’s shortcomings. A CFTC commissioner has urged … Read more
Wholesale prices increased less than expected in October, adding to hopes that inflation is on the wane, the Bureau of Labor Statistics reported Tuesday. The produce price index, a measure of the prices that companies … Read more
Stocks and bonds had an especially bullish reaction to new data out Thursday showing that inflation continues to moderate after reaching a 40-year high over the summer. The Dow (^DJI), Nasdaq (^IXIC), S&P 500 (^GSPC) and Russell … Read more
Wholesale prices rose more than expected in September despite Federal Reserve efforts to control inflation, according to a report Wednesday from the Bureau of Labor Statistics. The producer price index, a measure of prices that … Read more
Job growth fell short of expectations in September as efforts by the Federal Reserve to slow inflation appeared to take their toll on hiring, the Labor Department reported Friday. Nonfarm payrolls increased by 263,000 for … Read more
Bitcoin showed signs of bottoming in September, analysis from ARK Investment’s Bitcoin Monthly report shows. The investment firm led by Cathie Wood releases monthly updates on the cryptocurrency space. Last month, Bitcoin found resistance at … Read more