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US inflation worsened last month as the cost of gas, food and airfares jumped
WASHINGTON (AP) — Inflation rose last month as the price of gas, groceries, hotel rooms and airfares rose, along with the cost of clothes and used cars. Consumer prices increased 2.9% in August from a year earlier, the Labor Department said Tuesday, up from 2.7% the previous month and the biggest increase since January. Excluding […]
Trump administration appeals ruling blocking him from firing Federal Reserve Gov. Cook
WASHINGTON (AP) — President Donald Trump‘s administration on Wednesday appealed a ruling blocking him from firing Federal Reserve Gov. Lisa Cook as he seeks more control over the traditionally independent board. The notice of appeal came hours after U.S. District Judge Jia Cobb handed down the ruling. The White House has insisted Trump, a Republican, has the right […]
Senate committee approves Trump’s Fed Board nominee, raising concerns about its independence
A Senate panel approved Trump nominee Stephen Miran for the Fed board in a partisan 13-11 vote, setting up a likely full Senate confirmation.
Stocks hang near their records as hopes for rate cuts underpin markets
U.S. stocks hovered near record highs Tuesday as expectations grew that the Federal Reserve will cut interest rates at its upcoming meeting.
Fed’s Fifth District sees modest growth
The Federal Reserve’s Fifth District saw its economy grow modestly in recent weeks, according to the latest edition of the Fed’s Beige Book.
Stocks wobble as Wall Street questions whether the US job market has slowed by enough or too much
Stocks slipped Friday with the S&P 500 down 0.5% as weak jobs data raised questions on Fed rate cuts and fears of a possible downturn.
Justice Department probes mortgage fraud claims against Lisa Cook of Federal Reserve, AP source says
The DOJ issued subpoenas in a mortgage fraud probe tied to Fed Governor Lisa Cook, who faces a Trump push to remove her from the board.
Trump Fed pick Stephen Miran plans to keep White House job
Fed nominee Stephen Miran plans to keep his White House role, fueling Democratic criticism.
Wall Street ticks higher with hopes for coming cuts to interest rates
Stocks edged higher Thursday as bond yields fell on weak labor market data. The S&P 500 rose 0.4% while investors await Friday’s jobs report.
Key US inflation gauge holds mostly steady though core inflation ticks higher
The Fed’s preferred inflation gauge held at 2.6% in July, though core inflation ticked up, keeping rates steady despite Trump’s tariffs.
Trump says he’s firing Fed Governor Lisa Cook, opening new front in fight for central bank control
Trump moved to oust Fed Governor Lisa Cook, citing fraud claims. Cook rejected the move, saying the president has no authority to remove her.
Powell signals possible Fed rate cut, faces Trump pressure
Powell signals Fed could cut rates by September, balancing inflation and growth risks amid Trump pressure.
