Core U.S. consumer prices rose less than predicted in December, reinforcing hopes that inflation is tempering as the Federal Reserve contemplates its next move on interest rates. Excluding volatile food and energy prices, the consumer price index showed a seasonally adjusted 0.2% gain on a monthly basis and 2.6% annually, the Bureau of Labor Statistics…
QINGDAO, CHINA – JANUARY 13, 2026 – The cargo ship is loading and unloading foreign trade containers at Qingdao Port in Qingdao City, Shandong Province, China on January 13, 2026. Cfoto | Future Publishing | Getty Images China’s exports growth in December sharply beat expectations, catapulting the annual trade surplus to a record high, while…
Wholesale prices moved up less than expected while consumers kept up a heavy buying pace in November, according to economic data released Wednesday. The producer price index, a measure of final demand prices that producers get in the marketplace, rose just 0.2% for the month, according to seasonally adjusted figures from the Bureau of Labor…
As the Justice Department continues its investigation into the Federal Reserve, the next front in the central bank’s quest to maintain political independence shifts to the Supreme Court. On Jan. 21, the high court will hear arguments related to President Donald Trump‘s efforts to fire Federal Reserve Governor Lisa Cook. Administration officials last year accused…
Restaurants and pubs on James Street in London, UK, on Friday, Dec. 13, 2024. Bloomberg | Bloomberg | Getty Images The U.K. economy grew by a more-than-expected 0.3% in November, data from the Office for National Statistics (ONS) showed Thursday. Economists polled by Reuters had expected a very modest growth figure of 0.1%. The ONS…
President Donald Trump on Friday said he’d prefer to keep National Economic Council Director Kevin Hassett in his position as top economic advisor, a statement that could change the dynamic in the race to see who will replace Jerome Powell as Federal Reserve chair. During an appearance in the White House, Trump said, “I see…
Kevin Hassett, director of the National Economic Council, speaks to members of the media outside the White House in Washington, DC, US, on Friday, Oct. 24, 2025. Francis Chung | Bloomberg | Getty Images White House economic advisor Kevin Hassett said Friday that large U.S. banks could voluntarily provide credit cards to underserved Americans as…
A pharmacist displays a box of Wegovy pills at a pharmacy in Provo, Utah, Jan. 15, 2026. George Frey | Bloomberg | Getty Images Shares of Novo Nordisk rose more than 8% on Friday after early prescription data showed an encouraging start to the U.S. launch of the company’s new GLP-1 pill for obesity. In…
Chicago Fed President Austan Goolsbee said anything that is infringing or attacking the independence of the central bank “is a mess.” Source link
The Federal Reserve’s current policy stance on interest rates leaves the central bank well positioned to determine the extent and timing of additional rate adjustments based on incoming data, Philip Jefferson said. Source link