Deutsche Bank survey pushes recession probability toward 50%
A board at the New York Stock Exchange shows the Dow Jones Industrial Average below 500 points after the opening bell on Wall Street on…
Fed holds interest rates steady as U.S. economy attempts to navigate Trump policy
Federal Reserve Chair Jerome Powell testifies at a House hearing in Washington, D.C., in February. "If the economy remains strong, and inflation does not continue…
The Fed holds interest rates steady as U.S. economy attempts to navigate Trump policy
Federal Reserve Chair Jerome Powell testifies at a House hearing in Washington, D.C., in February. "If the economy remains strong, and inflation does not continue…
Treasury Secretary Scott Bessent dismisses market volatility amid Trump economic moves
1 of 3 | Treasury Secretary Scott Bessent speaks with reporters outside the White House on Thursday and dismissed concerns about stock market volatility amid…
January PCE inflation rose 0.3% for annual rate of 2.5%, meeting Dow Jones expectations
Personal consumption expenditures inflation rose 0.3% in January for an annual rate of 2.5%, the Bureau of Economic Analysis said Friday. Excluding food and energy,…
U.S. weekly jobless claims rise to 219,000
Thousands of job seekers attend a "career day" in an Amazon site in Crystal City, Virginia on September 17, 2019. File Photo by Tasos Katopodis/UPI…
Fed Chair Jerome Powell: ‘No hurry’ to adjust monetary policy
1 of 3 | Federal Reserve Chair Jerome Powell testifies at the Senate Banking, Housing and Urban Affairs committee hearing on Capitol Hill in Washington,…
U.S. job openings fall to 7.5 million in December, lowest since September
U.S. job openings fell to 7.5 million in December. Thousands of job-seekers are seen here atthe site of Amazon's future headquarters at a "career day"…
Trump concedes tariffs will bring ‘some pain’ but the ‘results will be spectacular’
1 of 2 | Cranes load containers onto trucks at the Port of Los Angeles in Los Angeles on December 3, 2024. Photo by Allison…
U.S. Treasury withdraws from global financial climate coalition
The U.S. Treasury on Thursday announced it was withdrawing from the Network of Central Banks and Supervisors for Greening the Financial System. File Photo by…
Federal Reserve keeps interest rates unchanged, defies Trump
When the Federal Reserve's Federal Open Market Committee meets Wednesday afternoon most economists expect interest rates to remain unchanged in a range of 4.25%-4.5%. Fed…
Weekly first time jobless benefits filings rise to monthly high
Job-seekers stand in line during a career day event at Amazon's headquarters in Crystal City, Virginia on September 17, 2019. File Photo by Tasos Katopodis/UPI…
After Trump's criticism, Michael Barr to resign as vice chair of Federal Reserve
Michael Barr, the vice chair for supervision at the Federal Reserve, said he will leave his post in February, giving President Donald Trump a chance…
Euro falls to its lowest level in two years against the dollar
The euro declined further against the US dollar to a fresh low in over two years amid concerns about the Eurozone’s economy, Trump’s tariffs, and…
First-time unemployment claims fall by 1,000; overall filings hit 3-year high
Thousands of job seekers arrive at Amazon's future headquarters at a "career day" in Crystal City, Va., in 2019. Filings for continuing weekly unemployment benefits…
Banks, organizations sue Federal Reserve over annual stress tests
The Bank Policy Institute sued the Federal Reserve on Tuesday on behalf of several banks and financial organizations citing a lack of transparency in the…
November PCE: Key fed inflation gauge rose 2.4% annually
1 of 4 | The Personal Consumption Expenditures index climbed by 0.1% in November on a month-over-month basis and 2.4% from the same period last…
Stocks plunge as Federal Reserve’s tilt triggers ‘Black Wednesday’
Fed sparks market rout: Wall Street plunged, the dollar hit two-year highs, and Treasury yields spiked as Powell struck a hawkish tone, warning of inflation…
224,000 file for unemployment benefits for first time
Thousands of job seekers stand at the site of Amazon's future headquarters at a "career day" in Crystal City, Virginia on September 17, 2019. The…
Could a Trump administration challenge the Fed’s independence?
Donald Trump's proposed tariffs and tax cuts could drive inflation, pressuring the Federal Reserve toward a hawkish stance. Trump has also expressed intent to influence…