Inflation also worsened on a monthly basis, with prices jumping 0.5% in January from December, the largest increase since ...

In House testimony Wednesday, Federal Reserve Chair Jerome Powell said a proposal to ease capital requirements for U.S. banks could also improve the functioning of the all-important U.S. Treasury ...

President Donald Trump pledged to reduce prices in last year’s campaign, though most economists worry that his many proposed ...

U.S. stocks pared early losses on Wednesday but remained mostly lower after inflation data came in hotter than expected, potentially complicating the Federal Reserve's job of returning inflation to ...

Wednesday’s 52-48 vote fell along mostly party lines, with Senator Mitch McConnell of Kentucky the only Republican to join ...

January's consumer price index came in hot, with Trump tariffs set to push prices higher. The S&P 500 tumbled on the CPI inflation report.

Federal Reserve Chair Jerome Powell said Wednesday’s inflation report offers the latest reminder that the central bank has made “great progress” towards bringing inflation closer to its goal but, ...

Federal Reserve Chair Jerome Powell said Wednesday President Donald Trump’s calls for lower interest rates won’t lead the central bank to change its rate decisions ...

So far in the 2025 inflation battle, the Federal Reserve is losing. Bird flu continued to wreak havoc on food prices in ...

The consumer price index rose 3% on the year in January 2025. Economists worry that broad disinflation is over, even as ...

House Financial Services Committee Ranking Member Rep. Maxine Waters, a Democrat from California, urged Federal Reserve Chair ...