Federal Reserve Chair Jerome Powell said he views proposals to "audit the Fed" floated by Elon Musk and others last week as a ...

U.S. inflation accelerated last month as the cost of groceries, gasoline and rents rose, a disappointment for families and ...

Investors are now betting that the Federal Reserve will cut interest rates just once more this year, a drastic shift in expectations since late 2024.

Higher inflation readings reported on Wednesday left Federal Reserve officials telling U.S. lawmakers, business executives and the public that they may be waiting longer than they had thought for ...

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said Wednesday that President Donald Trump’s calls for lower interest ...

President Trump pledged to lower costs on “Day 1” as a candidate. His administration now acknowledges it will take more time.

A disappointing inflation reading and soaring egg prices have undermined Trump's promise to reduce costs on "day one." ...

Powell was also asked about the high cost of home ownership and President Trump's trade policies, but as usual, the Fed chair ...

The U.S. consumer price index for January will be released at 8:30 a.m. Eastern on Wednesday. Economists expect headline annual CPI inflation of 2.8%, down a touch from January’s 2.9%. However, that ...

U.S. Treasury yields were edging higher, extending the previous day's move, ahead of January inflation data at 8:30 a.m. Eastern time. "Even if the annual rate falls back, the threats of Trump tariffs ...

Bitcoin and major altcoins declined up to 8% after Fed Chair Powell's comments on stablecoin regulation. Bitcoin fell 2.5% to ...