This week’s forthcoming Consumer Price Index report could show easing year-on-year inflation, increasing the potential for Fed interest rate cuts in May or June 2025.

January hiring was narrow. Healthcare (44,000 new jobs), retail (34,000) and government (32,000) together accounted for 77% ...

A bill to limit the interest rate on credit cards has been introduced in Congress. The banking industry says capping rates ...

The January jobs report revealed a drop in the unemployment rate to 4%, accompanied by payroll gains of 143,000. A Fed ...

The central bank is grappling with how quickly to lower interest rates after pausing cuts last month.

The Federal Reserve's latest Monetary Policy Report to Congress, released on Friday, was upbeat about the state of the economy but warned about some concerning aspects of the financial system.

Rachel Reeves has suffered another blow in her bid to boost tepid economic growth after the Bank of England played down the idea of a big interest rate cut later this year. At such a critical moment ...

While the headline number missed estimates, the January jobs report showed signs of strength investors think will keep rates ...

Powell also addressed the uncertainty surrounding tariffs, describing their potential impact as highly unpredictable. He noted the wide range of unknowns, including the duration, scale, and targets of ...

Meanwhile, the spotlight remains on US corporate giants as they reveal their profit reports for the final quarter of 2024.

The Labor Department on Friday released its jobs report for January, which showed that the U.S. economy added 143,000 jobs last month, which was below economists' expectations.

The Federal Reserve spent a good part of 2022 and 2023 implementing interest rate hikes in response to rampant inflation. But ...