Trump chills on threat to oust Fed chairman but wants a say in policy decisions
President-elect says he has no plans to ask or order Powell to step down, in spite of past criticism of the monetary body
Prices rose over 20% under Joe Biden's administration
President Joe Biden is only a few weeks away from the end of his time in office, and one key part of his legacy is undeniable: inflation. Biden has battled inflation from the start, but critics say he helped fuel it with trillions of dollars in deficit spending during his four years in office.
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Peter Schiff Says Biden Selling All US Bitcoin Would Be “Good,” Here’s Why
Peter Schiff has explained why the Biden government selling all the country's Bitcoin holdings would be a "good thing."
U.S. economy grows at 3.1% pace in third quarter, an upgrade from previous estimate
The American economy grew at a healthy 3.1% annual clip from July through September, propelled by vigorous consumer spending and an uptick in exports, the government said in an upgrade to its previous estimate.
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Fed expected to cut rates in last meeting of Biden era
The US Federal Reserve is widely expected to announce a quarter point cut to its key lending rate on Wednesday despite a recent uptick in inflation, in the central bank's last meeting of Joe Biden's presidency.
Dow drops 1,100 points after Fed announces quarter-point rate reduction
Federal Reserve Chairman Jerome Powell on Wednesday announced a 0.25% reduction in the Fed's lending rate, but the Dow posted a 10th straight day of losses.
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Inflation report shows moderate increase; Fed likely to continue rate cuts as Biden administration touts economic legacy
November's inflation report showed a moderate 2.7% annual increase, which may give the Federal Reserve reason to continue cutting interest rates.
This week in Bidenomics: Early exit
At the Federal Reserve’s final interest rate-setting meeting of 2024, Chair Jerome Powell revealed that the central bank is starting to factor Trump policies into its monetary policy decisions. Powell didn’t mention Trump by name. But investors clearly understood this elliptical construct as a reference to the incoming president:
November PCE: Key fed inflation gauge rose 2.4% annually
Softer PCE inflation in November will not accelerate Fed easing
PCE Inflation Lighter Than Expected in November
November CPI report: Overall and core inflation rise 0.3%. Investors bet on Fed rate cut.
One metric to watch in the CPI data is the year-over-year core CPI, which will play a key role in the outlook for Federal Reserve interest-rate policy, said Brett Kenwell, U.S. investment analyst at e Toro.
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Fed set to cut in last meeting of Biden era
The US Federal Reserve is widely expected to announce a quarter point cut to its key lending rate on Wednesday despite a recent uptick in inflation, in the central bank's last meeting of Joe Biden's presidency.
Biden signs stopgap bipartisan measure to fund government, avert shutdown
Johnson tried to placate Trump by bringing up a slimmed-down, 116-page version of the bill on Thursday. It included disaster relief, farm aid and the debt ceiling. Trump immediately backed it, calling it a "SUCCESS" and "a very good deal."