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U.S. economy

Key US inflation gauge holds mostly steady though core inflation ticks higher
Aug 29, 2025

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.

U.S. consumer confidence dips in August on job worries
Aug 26, 2025

U.S. consumer confidence dips in August on job worries

Americans’ confidence in the economy slipped in August as job market concerns rose, with the index falling to 97.4 from 98.7 in July.

Trump says he’s firing Fed Governor Lisa Cook, opening new front in fight for central bank control
Aug 26, 2025

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
Aug 25, 2025

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.

Powell to give his last Jackson Hole speech under watchful gaze of Wall Street and the White House
Aug 22, 2025

Powell signals Fed may cut rates soon even as inflation risks remain

Fed Chair Jerome Powell said a rate cut may come in the months ahead but gave no timing, citing risks from both inflation and unemployment.

Wall Street rallies and the Dow soars 700 points on hopes for lower interest rates
Aug 22, 2025

Wall Street rallies and the Dow soars 700 points on hopes for lower interest rates

NEW YORK (AP) — Wall Street is rallying on Friday after the head of the Federal Reserve indicated the cuts to interest rates that investors and President Donald Trump have been craving so much may be coming soon, though he gave no clear clue about when. The S&P 500 jumped 1.4% and erased all of its […]

Walmart helps pull Wall Street to its 5th straight loss
Aug 21, 2025

Walmart helps pull Wall Street to its 5th straight loss

Wall Street fell to a fifth straight loss on Thursday, hurt by a drop for Walmart and dampened hopes for coming cuts to interest rates. The S&P 500 slipped 0.4%. All its losses have been relatively modest, but it has not risen since setting an all-time high last Thursday. The Dow Jones Industrial Average dropped 152 points, or 0.3%, […]

Powell to give his last Jackson Hole speech under watchful gaze of Wall Street and the White House
Aug 21, 2025

Powell to give his last Jackson Hole speech under watchful gaze of Wall Street and the White House

WASHINGTON (AP) — Just three weeks ago, Federal Reserve Chair Jerome Powell spoke to reporters after the central bank had kept its key interest rate unchanged for a fifth straight meeting and said the job market was “solid.” His assessment was important because if the job market is healthy, there is less need for the Fed to […]

FILE - Federal Reserve Board of Governors member Lisa Cook, right, talks with Federal Reserve Chairman Jerome Powell before an open meeting of the Board of Governors at the Federal Reserve, June 25, 2025, in Washington. (AP Photo/Mark Schiefelbein, File)
Aug 20, 2025

Trump calls on Federal Reserve governor to resign after official accuses her of mortgage fraud

President Donald Trump urged Federal Reserve governor Lisa Cook to resign after a Trump administration official accused her of mortgage fraud, intensifying the administration’s push to reshape the central bank.

FILE - The entrance to the Labor Department is seen near the Capitol in Washington, May 7, 2020. (AP Photo/J. Scott Applewhite, File)
Aug 13, 2025

Trump’s nominee to oversee jobs and inflation data faces criticism

President Trump nominates Heritage economist EJ Antoni as BLS commissioner, sparking criticism over politicization of key U.S. jobs data.

President Donald Trump speaks as Federal Reserve Chairman Jerome Powell listens during a visit to the Federal Reserve, Thursday, July 24, 2025, in Washington. (AP Photo/Julia Demaree Nikhinson)
Aug 1, 2025

Trump calls on the Federal Reserve board to take full control of the central bank from Powell

Trump calls Fed Chair Powell “stubborn” and urges the Fed board to take control and slash interest rates amid a slowing U.S. economy and rising inflation.

Help wanted sign is displayed at a live music and blues club in Chicago, Thursday, July 24, 2025. (AP Photo/Nam Y. Huh
Aug 1, 2025

US employers slash hiring as Trump advances a punishing trade agenda

U.S. job growth slows as Trump’s tariffs shake business confidence. Unemployment ticks up, job revisions drop sharply, and markets react.

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