Federal Reserve exits global climate change regulation group
The Federal Reserve announced that it has withdrawn from the Network of Central Banks and Supervisors for Greening the Financial System, which incorporated climate risk into financial rules.
December inflation clouds Fed's outlook on interest rate cuts
Higher December inflation could make the case for a pause in interest rate cuts.
Inflation rises 2.9% in December, in line with expectations
The Labor Department released the inflation report for December, which showed prices were up 2.9% from a year ago, in line with economists expectations and up from 2.7% in November.
US producer prices rise moderately in December
The producer price index for final demand rose 0.2% last month after an unrevised 0.4% advance in November, the Labor Department's Bureau of Labor Statistics said on Tuesday.
US economy added 256K jobs in December, well above expectations
The Labor Department released its jobs report for December, which showed the U.S. economy added 256,000 jobs last month, well above economists' expectations.
Fed minutes show policymakers see immigration, tariff shifts creating inflation uncertainty
Minutes from the most recent meeting of Federal Reserve policymakers showed uncertainty about the impact of President-elect Trump's immigration and tariff policies on inflation.
Fed’s preferred inflation gauge in November was lower than expected, but remains elevated
The Fed's preferred inflation measure for November, the PCE index, came in below Wall Street estimates. However, it remains above where policymakers want it to be suggesting prices are still stubbornly high.
Federal Reserve cuts interest rates by quarter point in December
The Federal Reserve's policymakers announced that they will cut the benchmark federal funds rate by a quarter point in December, marking the central bank's third straight cut.
Chances of Fed rate cut rise despite higher November inflation report
The market sees the probability of another 25 basis point interest rate cut at next week's Federal Reserve meeting as rising despite inflation ticking higher in November.
Trump Treasury pick reveals whether Fed Chair Powell will finish term
President-elect Trump's pick for Treasury secretary, Scott Bessent, has said Federal Reserve Chair Jerome Powell will be allowed to finish his term.
Inflation rises 2.7% in November, in line with expectations
The Labor Department released new inflation data for November, which showed that prices were up 2.7% from a year ago as the Federal Reserve weighs another interest rate cut.
Trump says he won't fire Fed Chair Jerome Powell
President-elect Trump said in an interview that he won't try to fire Federal Reserve Chair Jerome Powell despite his past criticism of Powell and the leadership of the central bank.
US economy added 227K jobs in November, above expectations
The Labor Department on Friday released the much-anticipated November jobs report, which showed the economy added 227,000 jobs while the unemployment rate ticked up.
San Francisco Fed president on Trump tariffs: 'Very prepared' to assess impact
The Fed doesn't have a Trump tariff forecast ready as the central bank doesn't "think in hypotheticals," says San Fran president Mary Daly, but it "doesn't usually derail growth."
Dow hits all-time high, on pace for 47th record close
Stock investors have a lot to be thankful for this year as the Dow Jones Industrial Average notches another new record as the post-election celebration continues.
Fed's favored inflation gauge showed price growth picked up in October
The Commerce Department released data showing that PCE inflation ticked higher in October, though the Federal Reserve's preferred inflation gauge remained near last month's level.
Fed's Goolsbee makes case for lower interest rates
Chicago Federal Reserve President Austan Goolsbee said the neutral rate is "well below" where it is right now, and policymakers can cut further so long as the economy does not overheat.
US economists more upbeat, see Trump tax cuts extended: NABE
The outlook for the U.S. economy is improving, according to a group of leading economists, and investors can thank the Federal Reserve and the incoming Trump administration.
Trump Treasury contender Warsh no fan of DEI policies
Former member of the Federal Reserve Board of Governors Kevin Warsh, a contender to serve as President-elect Trump's Treasury secretary, recently criticized DEI and said it should not influence monetary policy.
Fed Chair Jerome Powell says central bank in no rush to reach 'neutral rate'
Federal Reserve Chair Jerome Powell said at an event that policymakers aren't in a rush to reach a "neutral" level for interest rates and will respond to economic data as it comes in.