US President Donald Trump is getting his wish that interest rates drop across the world, just not at home, where a strong economy and uncertainty over his own policies have set the stage for the ...

Wall Street's main indexes were set to open higher on Friday on gains in Apple following its strong sales forecast, with an ...

The core index, one that strips volatile food and energy costs and is used by the Fed in setting interest rates, rose 0.2% in December and 2.8% annually, unchanged from November.

Fed Chair Jerome Powell said earlier this week he expects inflation to turn lower again, but he did not say when he expected it to happen. The most recent Fed forecast shows PCE inflation ending 2025 ...

The relative calm in the markets may not survive upheaval in the A.I. sector and a deluge of disruptive Trump policies, our ...

An inflation gauge closely watched by the Federal Reserve rose slightly last month, the latest sign that some consumer prices ...

Consumer spending, which accounts for more than two-thirds of U.S. economic activity, jumped 0.7% in December after an ...

The central bank needs to see further progress on inflation or weakness in the labor market to resume interest rate cuts.

Federal Reserve governor Michelle Bowman said she still expects declining inflation to allow further interest rate cuts this ...

Despite the pause this month, the Fed is still expected to resume rate cuts later this year, aiming to hit 2.5% or lower by ...