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Powell signals no end to Fed balance sheet reduction; banks push out estimates
Published on: February 12, 2025, 09:00 PM UTC
The latest inflation data shows a hotter-than-expected increase, leading the Federal Reserve to maintain a cautious stance on interest rates for the foreseeable future.
Published on: February 12, 2025, 08:03 PM UTC
Trump dismisses inflation report as 'Biden inflation', calls for lower interest rates.
Published on: February 12, 2025, 08:02 PM UTC
Intel stock rose 3% after VP Vance's bullish comments on domestic chip manufacturing, as the company aims to boost AI chip production in the US amidst competition from TSMC and Samsung.
Published on: February 12, 2025, 08:02 PM UTC
New and used car prices see mixed results in January's CPI report, with used car prices continuing to trend higher. Overall, inflation rose 0.5% in January, the largest monthly increase since August 2023.
Published on: February 12, 2025, 08:02 PM UTC
January CPI Shows Inflation Rose More Than Expected, Core Prices Stay Elevated
Published on: February 12, 2025, 08:01 PM UTC
NYSE to Open Electronic Securities Exchange in Dallas, Reincorporating NYSE Chicago as NYSE Texas
Published on: February 12, 2025, 07:04 PM UTC
Canada's central bank sees permanent GDP decline from prolonged trade conflict with U.S.
Published on: February 12, 2025, 07:04 PM UTC
Grocery inflation continues to rise, with eggs, orange juice, and coffee prices hitting shoppers' wallets hard. Bird flu, hurricanes, and weather patterns are impacting production and driving up costs. National grocers are imposing purchase limits on eggs, and restaurants are adding surcharges to offset rising egg prices. Orange juice and coffee futures are also on the rise due to weather events and limited global supplies. Consumers are likely to experience higher prices for these breakfast staples in the near future.
Published on: February 12, 2025, 07:03 PM UTC
Hotter-than-expected inflation pushed back Fed rate cut expectations and made one cut in 2025 too dovish, according to experts.
Published on: February 12, 2025, 07:03 PM UTC