Tag: Jerome Powell
Inflation rose slightly last month as grocery prices ticked higher
WASHINGTON (AP) – U.S. inflation picked up a bit last month as food costs rose, though overall inflation remained mostly tame.
Consumer prices increased 2.4%...
U.S. weekly jobless claims jump to highest level in eight months
WASHINGTON (AP) – Filings for U.S. unemployment benefits rose to their highest level in eight months last week but remain historically low despite growing...
U.S. consumer sentiment slides to 3-year lows as trade war raises...
WASHINGTON (AP) – U.S. consumer sentiment fell slightly in May for the fifth straight month, surprising economists, as Americans increasingly worry that President Donald Trump's...
Federal Reserve official sees signs of slowing economy but not ready...
WASHINGTON (AP) – A top Federal Reserve official said Friday that massive uncertainty created by President Donald Trump's tariffs has caused some businesses to...
U.S. applications for jobless benefits fall despite uncertainty over Trump tariffs
WASHINGTON (AP) – The number of Americans applying for unemployment benefits fell last week despite heightened uncertainty about how President Donald Trump's tariffs will...
Federal Reserve leaves key interest rate unchanged
WASHINGTON (AP) – The Federal Reserve kept its key interest rate unchanged Wednesday, brushing off President Donald Trump's demands to lower borrowing costs, and...
Federal Reserve likely to defy Trump, keep rates unchanged this week
WASHINGTON (AP) – The Federal Reserve will likely keep its key short-term interest rate unchanged on Wednesday, despite weeks of harsh criticism and demands...
Wall Street and the dollar tumble as investors retreat further from...
NEW YORK (AP) – Wall Street weakened Monday as investors worldwide get more skeptical about U.S. investments because of President Donald Trump’s trade war and his...
Inflation fell in March, a sign prices cooled before tariffs
WASHINGTON (AP) – U.S. inflation declined last month as the cost of gas, airline fares and hotel rooms fell, a sign that price growth...
U.S. inflation remained elevated last month as consumer spending recovered
WASHINGTON (AP) – An inflation gauge closely watched by the Federal Reserve remained high last month even before the impact of most tariffs has been...
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