Inflation proving stickier than expected has dashed hopes for quick Fed rate cuts

Inflation isn’t moving down as quickly as the Federal Reserve hoped, forcing investors to dig in…

Inflation comes in hotter than expected at 0.9% in January in producer price index

Wholesale inflation, as measured by the producer price index, declined slightly to 0.9% for the year ending in January but…

S&P 500 closes above 5,000 for first time in latest Wall Street milestone

More gains for U.S. stocks on Friday sent Wall Street to its latest record, milestone and…

Rates are up everywhere — except on one product that would help millions

Rates have soared for mortgages, credit cards, auto loans, and a range of other debt products,…

Biden and Trump throw sharp elbows over the economy as reelection rematch takes shape

President Joe Biden and former President Donald Trump are posturing over the economy as they prepare…

Trump says he’ll replace Fed Chairman Powell and accuses him of aiding Democrats

Former President Donald Trump slammed Jerome Powell, arguing that the Federal Reserve chairman is planning to…

Fed rate hike now not expected until May

Investors are pushing back the timeline for when they expect the Federal Reserve to begin cutting…

Consumer confidence hits two-year high as inflation moderates

Consumer confidence in January is the highest it has been in two years, good news for the economy as…

Job openings ticked up in December

The number of job openings in the United States increased by 100,000 to 9 million in December, positive news for…

Inflation held steady at 2.6% in Fed’s preferred gauge

Inflation held steady at a 2.6% annual rate in December, as measured by the gauge favored by…

Biden lucks out with ‘higher than expected’ GDP, says Tiana Lowe Doescher

The Washington Examiner’s Tiana Lowe Doescher referred to the fourth quarter gross domestic product as President…

New home sales rose in December in bright spot for market

New home sales rose 8% from November to December to a seasonally adjusted annual rate of…

Economy grew 2.5% in 2023, holding strong despite high interest rates

The economy grew 2.5% in 2023, defying fears of a recession and outperforming expectations despite a…

Existing home sales fell to lowest level since 2010 in response to high mortgage rates

Existing home sales fell in December to the lowest level in more than a decade as higher…

Investors still expect Fed to cut rates soon despite two reports showing inflation went up

Investors are shrugging off two reports this week that showed annual inflation ticked up last month,…

Inflation rises slightly to 1% in December in producer price index

Wholesale inflation, as measured by the producer price index, ticked up slightly to 1% for the year ending in December…