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Investor's Business Daily on MSNCPI Inflation Too Hot Even Before Trump Tariffs; S&P 500 Pares Loss As Powell Testifies (Live Coverage)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.
The president's post came only a half hour before the Labor Department reported that inflation climbed last month.
Consumers are seeing no relief from high prices as shelter, transportation and food costs drove inflation in January.
Inflation rose unexpectedly in January, with the Consumer Price Index rising 3% over the last 12 months, up from 2.9% in December. Forecasters had expected inflation to slow down, but prices for food, ...
Consumer prices rose as expected last month, indicating the pace of inflation remained unchanged in January after ...
Federal Reserve Chair Jerome Powell will testify before the House Financial Services Committee Wednesday morning on the state of the U.S. economy. Powell has put interest rate cuts on hold amid ...
U.S. Federal Reserve Chair Jerome Powell, in his first appearance before Congress since the inauguration, vouched for the ...
Federal Reserve Chair Jerome Powell told lawmakers on Tuesday the argument for free trade still makes sense but added that it was not the role of the central bank to comment on tariff or trade policy ...
The Federal Reserve is prepared to keep its key interest rate unchanged for now as inflation remains elevated and the job ...
The odds of further interest rate cuts this year by the Federal Reserve dwindled last week as unemployment fell and more ...
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