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The producer-price index report released Thursday challenged Treasury Secretary Scott Bessent’s push for a 50-basis-point ...
6mon MSN
Treasury Secretary Scott Bessent pushes back on claims he’s pressuring the Fed to slash rates
Treasury Secretary Scott Bessent clarifies he's not directing the Fed after suggesting neutral interest rates should be 150 basis points below current levels.
President Donald Trump said on Wednesday that he has narrowed down the list of candidates to replace Federal Reserve Chair ...
Producer prices jumped in July but may not translate directly into the Fed’s preferred inflation gauge, easing fears of ...
37mon MSN
US stocks dip after disappointing inflation data dents hopes for coming cuts to interest rates
Wall Street is edging back from its record heights after a disappointing report said inflation was worse last month.
Wholesale inflation much hotter than expected in July — throwing possible wrench into rate cut hopes
The Producer Price Index saw its biggest monthly gain since June 2022, the Bureau of Labor Statistics said Thursday.
Stock market today: Dow, S&P 500, Nasdaq slip after PPI inflation comes in much hotter than expected
US stocks hovered around the flatline as Wall Street awaited another pulse check on inflation after Tuesday's tepid figures ...
Growth, inflation and jobs data don’t signal rates cuts. Yet the odds of a quarter-point September cut are at just under 100% ...
US Treasury Secretary Scott Bessent said he isn’t calling for a series of interest-rate cuts from the Federal Reserve, just ...
President Trump's tariffs continue to affect global markets and the economy. Follow for live updates on stocks, bonds and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq ...
At the close, the ringgit ended mostly lower against major currencies, except the euro, against which it appreciated to 4.9170/4.9234 from 4.9305/4.9357. It fell versus the Japanese yen to ...
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