Federal Reserve Governor Michelle Bowman said on Friday that she prefers the U.S. central bank to continue to hold off on interest-rate reductions until its progress in lowering inflation resumes.
The latest inflation figures arrive as President Donald Trump has threatened to impose big import taxes on goods from Canada and Mexico.
Colombia's central bank held the benchmark interest rate at 9.50% on Friday, surprising the market, which expected policymakers to vote for a second consecutive 25 basis point cut. The decision was ...
The battle for authority between President Trump and Fed Chairman Powell has begun, with Trump pushing for a rate cut and Powell holding steady.
The European Central Bank cut rates on Thursday, the Bank of Canada on Wednesday, and the Bank of England is likely to do so next week.
Fresh tariffs amid high inflation are making the Fed’s job uniquely difficult and feeding uncertainty about what to expect ...
Two Federal Reserve officials seen as representing contrasting sides of the policy spectrum said on Friday they'll be ...
U.S. Inflation gauge rises as Trump's tariff threats loom, potentially pushing prices higher in coming months.
Plus, why Morningstar believes the Federal Reserve will cut interest rates this year more than the markets predict.
Trump said Powell and the Fed "failed to stop the problem they created with inflation" in a post on Truth Social on Wednesday ...