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US consumer inflation continued to accelerate last month, according to government data, reducing the chances of an early interest rate cut.
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US consumer inflation continued to accelerate last month, according to government data, reducing the chances of an early interest rate cut.
Inflation could remain elevated for longer than expected, posing a risk to the US economy's near-term health, said Jamie Dimon.
The US Federal Reserve’s high benchmark rate is “doing its job” against elevated inflation, chairman Jerome Powell said Wednesday, warning that lowering it too...
The recent rise in US inflation hasn’t stalled the Federal Reserve’s ongoing fight against rising prices, Fed chair Jerome Powell said Friday, shortly after...
The US central bank's favored measure of inflation edged higher last month on the back of rising fuel prices.
The US central bank should either scale back or delay its interest rate cuts in response to "disappointing" inflation data.
The US Federal Reserve could provide additional clues on Wednesday about how much it will cut interest rates this year, but it is almost...
The US Federal Reserve could provide additional clues on Wednesday about how much it will cut interest rates this year, but it is almost...
The US Federal Reserve began two days of discussions on Tuesday at which policymakers are expected to hold firm on interest rates, and continue...
After making significant progress against rising prices last year, 2024 has been more challenging.