Jerome Powell and President Donald Trump during a nomination announcement in the Rose Garden of the White House in Washington, D.C., U.S., on Thursday, Nov. 2, 2017.Andrew Harrer | Bloomberg | Getty ImagesPresident-elect Donald Trump and Federal Reserve Chair Jerome Powell could be on a policy collision course in...
A customer shops in the ready to eat meals aisle of a grocery store on October 17, 2024 in Miami, Florida. Joe Raedle | Getty ImagesWholesale prices nudged higher in October, though largely in line with expectations and mostly consistent with the Federal Reserve cutting interest rates again in December,...
Inflation perked up in October though pretty much in line with Wall Street expectations, the Bureau of Labor Statistics reported Wednesday.The consumer price index, which measures costs across a spectrum of goods and services, increased 0.2% for the month. That took the 12-month inflation rate to 2.6%, up 0.2...
Federal Reserve Board Federal Reserve Chairman Jerome Powell speaks during a news conference following a Federal Open Market Committee meeting in Washington on November 07, 2024 in Washington, DC. Kent Nishimura | Getty ImagesFederal Reserve Chair Jerome Powell dodged question after question at his Thursday news conference from a press...
President-elect Donald Trump likely will return to cornerstones of his previous economic platform such as tariffs, lower taxes and sanctions when he assumes office in January, his former Treasury secretary said Thursday.Steven Mnuchin, who held the post throughout Trump's first term from 2017-21, told CNBC that he sees those...
Federal Reserve Board Chairman Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., September 18, 2024. REUTERS/Tom BrennerTom Brenner | ReutersThe Federal Reserve likely will stick to the business at hand when it wraps up...
Job creation in October slowed to its weakest pace since late 2020 as the impacts of storms in the Southeast and a significant labor impasse dented hiring plans.Nonfarm payrolls increased by 12,000 for the month, down sharply from September and below the Dow Jones estimate for 100,000, the Bureau...
Hiring signs outside a Stewart's gas station in Catskill, New York, US, on Wednesday, Oct. 2, 2024. Angus Mordant | Bloomberg | Getty ImagesPowerful hurricanes and a major labor strike could take a chunk out of the nonfarm payrolls count for October, which is expected to be the slowest month...
Inflation increased slightly in September and moved closer to the Federal Reserve's target, according to a Commerce Department report Thursday.The personal consumption expenditures price index showed a seasonally adjusted 0.2% increase for the month, with the 12-month inflation rate at 2.1%, both in line with Dow Jones estimates. The...
Gross domestic product was expected to increase at a 3.1% annualized pace in the third quarter.