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The Federal Reserve, under Chairman Powell, prioritized Biden's climate agenda over managing inflation, leading to rising inflation rates.
Many businesses are also likely still absorbing much of the cost of new import taxes, delaying their impact on consumers.
US stocks open higher after July's consumer price index rose 2.7%, just below forecasts and even with June. Investors are betting on a rate cut.
President Donald Trump said Tuesday that he is considering allowing a “major lawsuit” against Federal Reserve Chairman Jerome ...
U.S. inflation was unchanged in July as rising prices for some imported goods were balanced by falling gas and grocery prices, leaving overall prices modestly higher than a year ago.
Wall Street took the postponement of the U.S.-China tariff deadline in stride and refocused on upcoming inflation numbers ...
CFOs are all in on AI, lower-than-expected inflation fuels hopes of rate cuts, IRS commissioner is quickly removed.
July CPI reveals rising inflation, driven by durable goods & services. Read why I remain cautious about a September Fed rate ...
Tuesday morning after the report was released, Trump took to social media to say Fed chair Jerome Powell "must NOW lower the ...