Citi—which anticipates five rate cuts in 2025—has a downbeat forecast for a meager 0.7 percent growth. Bank of America is forecasting an above-consensus 2.4 percent growth for the year, hence their ...

Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.

U.S. stocks were surging on Wednesday morning as Treasury yields fell after core inflation data came in below expectations, boosting bets that the Federal Reserve will still be able to cut interest ...

Prices increased by 2.5% on an annual basis in December, down from 2.6% in November. Full coverage from the team at MoneyWeek ...

Consumer Price Index showed an acceleration to 2.9%, the highest rate since July. With such high inflation, the Fed is ...

Fed Chair Jerome Powell has said the central bank will keep its key interest rate elevated until inflation is back to 2%. As ...

As a result, the Federal Reserve could be much less likely to cut borrowing costs again in the coming months. The Fed cut its ...

In the wake of the report, traders believe it’s a near certainty that the Fed will keep interest rates steady at its January ...

The economy was expected to add 153,000 jobs last month, according to economists polled by financial-data firm FactSet. The unemployment rate ... kicking off a flurry of interest rate hikes from the ...

Collins, in prepared remarks for an event Thursday in Boston, said the economy was in a “good place,” but noted that progress ...