President Donald Trump claimed that the US economic growth is at an all-time high and investment is booming, as he has defeated inflation, adding that his tariff policies have brought hundreds of ...

President Donald Trump is speaking highly of his administration's work since taking office nearly one year earlier. In his speech to a meeting of the Detroit Economic Club at MotorCity Casino Hotel ...

The moment of truth is just about here. The Strait of Hormuz has reopened, for now, and Middle Eastern countries that shut off their oil wells during the war (the term is actually “shut in”) are about ...

Federal Reserve Chairman Kevin Warsh has said that inflation is a "choice." The same could also be true of how inflation is measured. Warsh has formulated five task forces to look at an array of Fed ...

The Federal Reserve’s new chairman has vowed to deliver price stability, but officials are at odds over whether that will require higher borrowing costs. By Colby Smith and Ben Casselman Colby Smith ...

Inflation has lowered somewhat during President Donald Trump’s second term, but it’s not “plummeting,” as he boasted in his State of the Union speech. And he falsely claimed he inherited “record ...

High gas prices pushed annual inflation to the highest level in three years, according to May data released by the Commerce Department on Thursday. The Federal Reserve’s preferred inflation gauge, the ...

The Personal Consumption Expenditures index — the Federal Reserve's preferred inflation measure — rose at a 4.1% annual rate in May, highlighting the central bank's challenge in reining in prices. The ...

The core personal consumption expenditures price index showed a 3.4% annual rate after rising 0.3% for the month. The core annual reading was the highest since October 2023. The Fed's primary ...

The annual rate of PCE inflation is forecast to be 4.1% by FactSet, its highest level since April 2023. Economists expect May to mark this year’s inflation peak, as lower oil prices and easing tariff ...

Bank of America has predicted that the Federal Reserve will be forced to raise interest rates by 75 basis points this year, with the first 25-basis-point hike in September. They also see additional 25 ...

Bank of America forecasts three Fed rate hikes in 2025, pushing the policy rate to 4.25-4.5% as Core PCE climbs toward 3.5%. Altria (MO) leads the four picks with a 6% yield, while Chevron (CVX) ...