Inflation

U.S. Treasury Secretary Janet Yellen cautioned on Tuesday that President-elect Donald Trump‘s proposed sweeping tariffs could undermine recent progress in controlling inflation and destabilize financial markets. What Happened: Speaking at a Wall Street Journal event, Yellen acknowledged that...

The Federal Reserve is widely expected to cut interest rates by 25 basis points during its Dec. 18 meeting, with fed funds futures pricing in a nearly 90% chance of the move. Not all voices in the financial world are cheering for lower rates. Ed Yardeni, a veteran Wall Street investor, argues the...

Editor’s note: This story has been updated to remove a sentence that was erroneously included. The November Consumer Price Index, released at 8:30 a.m. ET Wednesday, could deliver the final piece of the puzzle for the Federal Reserve’s much-anticipated Dec. 18 meeting. Markets are...

Following in the footsteps of other Wall Street giants, shareholders of online retail giant Amazon.com Inc. (NASDAQ:AMZN) urged the firm Sunday to consider a Bitcoin (CRYPTO: BTC) treasury strategy to enhance shareholder value in the long run. What happened: The National Center for Public Policy...

The University of Michigan’s closely watched Consumer Sentiment Index surged to a seven-month high in December, reflecting improved current economic conditions while also signaling growing concerns over rising near-term inflation expectations. Notably, nearly 25% of respondents—the highest...

Traders are laser-focused on November's jobs data, slated for release this Friday, as one of the last pivotal data points — along with next week's inflation report — that could shape the Federal Reserve’s decision on a potential rate cut at its Dec. 18 meeting. With market odds sitting at...

U.S. economic activity rose slightly in November, with three of the Federal Reserve's 12 districts reporting modest or moderate growth, offsetting two districts with flat or slightly declining activity, according to the Fed's latest Beige Book report. The Wednesday report, which is one of eight...

Federal Reserve Chair Jerome Powell painted a rosy picture of the U.S. economy ahead of key jobs data due Friday. The strength of the economy is allowing the Fed to be more cautious with interest rates. What Happened: Speaking at the New York Times DealBook Summit on Wednesday, Powell stressed that...

An interest rate cut at the upcoming Federal Reserve’s Dec. 18 meeting remains far from being a done deal, as St. Louis Fed President Alberto Musalem's latest remarks suggest policymakers may face a heated debate in the weeks ahead. Speaking at an economic symposium hosted by Bloomberg in...

Federal Reserve Governor Adriana Kugler said on Tuesday that inflation “appears to be on a sustainable path” but indicated that challenges still persist, adding that monetary “policy is not on a preset course.” Speaking at the Detroit Economic Club, Kugler described recent...

President-elect Donald Trump's aggressive tariff proposal—25% on imports from Canada and Mexico—could wreak havoc on North America's economies. Goldman Sachs predicts losses for Canada and Mexico, surging consumer prices, and a slowdown in U.S. growth. In a note shared on Monday, Goldman Sachs...

On Monday, Federal Reserve Governor Christopher Waller indicated he is “leaning toward” supporting an interest rate cut at the central bank’s December meeting while acknowledging recent inflation data has raised concerns about price pressures stalling above the Fed’s 2%...

Bank of America analysts shared a positive outlook for stocks in 2025 during Monday’s conference call on the economic and market forecast. According to the bank, the S&P 500 Index—as tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY)—will climb to 6,666 by the end of 2025, marking a 10...

The U.S. dollar is poised to end an eight-week winning streak with its worst weekly drop since mid-August, as resilient European currencies and a surging Japanese yen pull the greenback lower. A currency-weighted gauge of the dollar, tracked by the Invesco DB USD Index Bullish Fund ETF (NYSE:UUP...

This Thanksgiving, as you pass the mashed potatoes and carve the turkey, why not elevate the dinner table chatter with insights about the U.S. economy? On Wednesday, the economics team at Bank of America, led by Aditya Bhave, tackled 10 of the most pressing economic questions Americans are asking...