Australian Dollar struggles despite a rise in Consumer Inflation Expectations
The Australian Dollar (AUD) continues to decline against the US Dollar (USD) on Thursday, struggling despite a rise in ...
US inflation ticks up as cost of groceries, gasoline grow
The consumer price index increased 3% in January from a year ago, Wednesday’s report from the Labor Department showed.
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Key takeaways from Fed Chair Jerome Powell’s congressional hearing
Washington (CNN) — America’s central bank is in no rush to slash interest rates any time soon, Federal Reserve Chair Jerome ...
Asia-Pacific markets open higher after Wall Street declines on inflation fears
Overnight in the U.S., the S&P 500 tumbled and bond yields spiked after consumer prices rose more than expected in January.
Warren, Waters question Fed chair on proposal ‘upending’ bank stress test framework
Sen. Elizabeth Warren (D-Mass.) and Rep. Maxine Waters (D-Calif.) teamed up to question the Federal Reserve’s proposal to ...
Jerome Powell says Trump’s comments won’t affect interest rate decisions by the Fed
Federal Reserve Chair Jerome Powell said Wednesday that President Donald Trump’s calls for lower interest rates won’t lead ...
Stocks tumble, dollar rallies as US inflation heats up
U.S. stock futures tumbled and the dollar rose on Wednesday after data showed consumer inflation picked up more than expected ...
Powell refrains from saying which way interest rates could go based on Trump's policies
Federal Reserve Chair Jerome Powell, appearing for a second day of testimony before Congress, said central bank officials remain in a wait-and-see mode when it comes to deciding where interest rates ...