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The US dollar stabilized in Asian trading following unexpectedly high wholesale inflation, reducing speculation about aggressive Fed rate cuts. The euro and sterling remained stable, while the yen ...
Fed officials also disagree on how tariffs will affect inflation going forward. Many increasingly believe the duties will ...
NEW YORK (Reuters) -The dollar slipped for a second straight session on Wednesday, a day after a U.S. inflation reading ...
Increasing tariffs on foreign goods and the impact of deportations on the workforce are cited as job growth slows across ...
"The hardest thing that the Fed ever has to do is get the timing right at moments of transition,” Goolsbee said on NBC News’ ...
Trump’s nominee could spark scrutiny of a central bank that has sweeping powers and a record of blunders.
The Federal Reserve is poised to lower interest rates in September. But signs of stickier inflation could limit how much ...
Futures markets are also expecting a rate cut. Investors peg the chances of a quarter-point interest rate cut at nearly 96%, ...
Financial markets are pricing in a 100% chance the Federal Reserve is about to cut interest rates when its policy committee next meets in September, but in recent speeches, several policymakers didn't ...
President Trump's looming changes to the Federal Reserve are "going to change the narrative," Treasury Secretary Scott ...
With the job market faltering and consumer prices not surging as expected, investors increasingly believe the Federal Reserve ...
Both Federal Reserve vice chairs, Michelle Bowman and Philip Jefferson, as well as Dallas Fed President Lorie Logan are under ...
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