Judge blocks mass layoffs at consumer protection agency targeted by Trump
The Trump administration has agreed to pause its campaign of layoffs and funding cuts at the Consumer Financial Protection ...
Trump 2nd term live updates: Trump officials to go to Saudi Arabia for peace talks
In testimony on Capitol Hill Tuesday, Federal Reserve Chair Jerome Powell faced a barrage of questions about DOGE's access to ...
Powell Says Fed Doesn’t Need to Rush on Rate Cuts
Because the economy is doing well, the Fed can take its time to decide when and whether to lower interest rates.
Warren: Only Congress — not Trump or Musk — can 'get rid of the CFPB'
Senator Elizabeth Warren said Wednesday that the law clearly states only Congress can shutter the CFPB, setting up a ...
Asia-Pacific markets set for higher open 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.
Democrats vow to fight shutdown of consumer watchdog agency
A group of 191 House and Senate Democrats sent a letter to Russell Vought, the newly installed director of the Office of ...
Trump slams ‘Bidenflation’ after prices rise more than than expected in January
US inflation rose unexpectedly in January — prompting President Trump to slam his predecessor Joe Biden as the downbeat ...
Hopes for more Fed rate cuts dim as Powell notes hot CPI means ‘we're not quite there yet'
A Fed interest rate cut won’t be coming until at least September, if at all this year, following a troubling inflation report ...
Why U.S. Consumer Prices Increased More Than Expected in January
U.S. consumer prices increased more than expected in January, reinforcing the Federal Reserve’s message that it was in no rush to resume cutting interest rates amid growing uncertainty over the ...
NBC Los Angeles6d
Asia markets rise after Wall Street declines on inflation fears; Aussie stocks hit record high
Overnight in the U.S., the S&P 500 tumbled and bond yields spiked after consumer prices rose more than expected in January.
KSL6d
Data shows inflation jump in January; Fed's Powell heads back to Congress
U.S. consumer prices rose faster than expected in January in a sign progress on inflation may remain stalled, data showed on Wednesday, as Federal Reserve Chair Jerome Powell heads to the U.S.