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  • BREAKING NEWS

BREAKING NEWS

Weather Authority Alert Day issued through July 30

JEROME POWELL


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22 hours ago

Federal Reserve likely to stand pat on rates this week, deepening the gulf between Powell and Trump

Read full article: Federal Reserve likely to stand pat on rates this week, deepening the gulf between Powell and Trump

The Federal Reserve is expected to leave its short-term interest rate unchanged on Wednesday for the fifth straight meeting, a move that will likely underscore the deep divide between how Chair Jerome Powell and President Donald Trump see the economy.

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Wall Street's winning week ends with more records for US stocks

Read full article: Wall Street's winning week ends with more records for US stocks

U.S. stocks rose to more records as they capped another winning week.

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Trading a suit for boots and a hard hat: Behind the scenes at the Federal Reserve, mid-renovation

Read full article: Trading a suit for boots and a hard hat: Behind the scenes at the Federal Reserve, mid-renovation

On Thursday, staff at the Federal Reserve led a small group of journalists, photographers and television cameras on an extensive tour of the large, active construction site that comprises two 1930s-era buildings.

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Fed chair tells Trump he has his facts wrong on central bank's renovation costs

Read full article: Fed chair tells Trump he has his facts wrong on central bank's renovation costs

As president, Donald Trump doesn't get a lot of pushback, but he got some Thursday from Federal Reserve Chairman Jerome Powell about the renovation costs of the Fed's headquarters.

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How Trump could use a building renovation to oust Fed Chair Powell

Read full article: How Trump could use a building renovation to oust Fed Chair Powell

President Donald Trump says he's found a way to achieve his goal of removing Federal Reserve Chair Jerome Powell, accusing him of mismanaging the U.S. central bankโ€™s $2.5 billion renovation project.

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The Latest: Interest rates are central to Trumpโ€™s continuing feud with Fed chair Powell

Read full article: The Latest: Interest rates are central to Trumpโ€™s continuing feud with Fed chair Powell

President Donald Trump has visited the Federal Reserve headquarters in Washington, where he publicly scorned Fed chairman Jerome Powell over the costs of a long-planned, roughly $2.5 billion renovation project.

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Trump and Powell bicker over Fed building renovations as president ratchets up pressure campaign

Read full article: Trump and Powell bicker over Fed building renovations as president ratchets up pressure campaign

After months of criticizing Federal Reserve Chair Jerome Powell, President Donald Trump took the fight to the Fedโ€™s front door on Thursday, publicly scorning the central bank chief over the ballooning costs of a long-planned building project.

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Trump's attacks on Powell threaten the Fed's independence. Here's why it matters

Read full article: Trump's attacks on Powell threaten the Fed's independence. Here's why it matters

President Donald Trump has opened up a new front in his attack on the Federal Reserve and its chair, Jerome Powell: He says the alledged mismanagement of a building renovation project could be grounds for firing Powell.

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Trump appointees pushed more marble in Fed building renovation White House now attacks

Read full article: Trump appointees pushed more marble in Fed building renovation White House now attacks

President Donald Trump has looked to the marble finishes and hefty price tag of the Federal Reserve headquarters to claim grounds to fire Chair Jerome Powell, with whom he has tussled for years over interest rates.

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Wall Street closes a record-breaking week with a quiet finish

Read full article: Wall Street closes a record-breaking week with a quiet finish

Wall Street closed its third winning week in the last four with a quiet finish.

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Federal Reserve's Waller says central bank should cut rates at next meeting

Read full article: Federal Reserve's Waller says central bank should cut rates at next meeting

A top Federal Reserve official said late Thursday that the central bank should cut its key interest rate later this month, carving out a different view than that of Chair Jerome Powell, who has been harshly criticized by the White House for delaying rate cuts.

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Federal Reserve says building renovation complies with law, defends costs

Read full article: Federal Reserve says building renovation complies with law, defends costs

Federal Reserve Chair Jerome Powell on Thursday said the agencyโ€™s renovation of its office complex in Washington complies with plans approved by a local commission, disputing a White House suggestion that they had violated the law by deviating from those plans.

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The Latest: House prepares to advance cuts on public broadcasting and foreign aid

Read full article: The Latest: House prepares to advance cuts on public broadcasting and foreign aid

The House is expected to approve President Donald Trumpโ€™s request to claw back about $9 billion in already appropriated funding for public broadcasting and foreign aid.

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Republican senators caution Trump against firing Fed chair Jerome Powell

Read full article: Republican senators caution Trump against firing Fed chair Jerome Powell

Federal Reserve Chair Jerome Powell is gaining some key backing on Capitol Hill from Republican senators.

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Trump says he's 'highly unlikely' to fire Fed's Powell after floating that idea in private

Read full article: Trump says he's 'highly unlikely' to fire Fed's Powell after floating that idea in private

President Donald Trump says he's โ€œhighly unlikelyโ€ to fire Federal Reserve Chair Jerome Powell.

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Wall Street is rattled as Trump says he discussed firing Powell but is 'unlikely' to do it

Read full article: Wall Street is rattled as Trump says he discussed firing Powell but is 'unlikely' to do it

President Donald Trump sent the U.S. stock market on a jagged round trip after saying he had โ€œtalked about the concept of firingโ€ the head of the Federal Reserve.

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Most US stocks slump, but Nvidia nudges Nasdaq to another record

Read full article: Most US stocks slump, but Nvidia nudges Nasdaq to another record

Most U.S. stocks fell after an update on inflation hurt Wall Streetโ€™s hopes for lower interest rates.

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U.S. inflation may have worsened last month as Trumpโ€™s tariffs start to bite

Read full article: U.S. inflation may have worsened last month as Trumpโ€™s tariffs start to bite

Inflation rose last month to its highest level since February as President Donald Trumpโ€™s sweeping tariffs push up the cost of a range of goods, including furniture, clothing, and large appliances.

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Under fire by Trump over costs, Chair Powell seeks watchdog review of Fed building overhaul

Read full article: Under fire by Trump over costs, Chair Powell seeks watchdog review of Fed building overhaul

Federal Reserve Chair Jerome Powell is asking an inspector general to review the cost of the central bankโ€™s building renovations that White House officials have attacked as โ€œostentatious."

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From tariffs to universities, Trumpโ€™s negotiating style is often less dealmaking and more coercion

Read full article: From tariffs to universities, Trumpโ€™s negotiating style is often less dealmaking and more coercion

President Donald Trump prides himself on being a dealmaker, but his negotiating style is more ultimatum than compromise.

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White House escalates pressure campaign on Fed chair by targeting its headquarters renovation

Read full article: White House escalates pressure campaign on Fed chair by targeting its headquarters renovation

The White House is escalating its pressure campaign to get the Federal Reserve chairman to either lower interest rates or quit his post by targeting the expensive renovation at the central bankโ€™s headquarters.

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As Trump ramps up attacks on the Federal Reserve, Chair Powell refuses to change course

Read full article: As Trump ramps up attacks on the Federal Reserve, Chair Powell refuses to change course

Federal Reserve Chair Jerome Powell is sticking to his position that the central bank will keep its key rate on hold while it waits to see how President Donald Trumpโ€™s tariffs effect the economy, defying the steady stream of criticism from the White House, which wants lower borrowing costs.

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The Latest: Senate votes on amendments to Trumpโ€™s big bill ahead of July 4 deadline

Read full article: The Latest: Senate votes on amendments to Trumpโ€™s big bill ahead of July 4 deadline

Possible changes to President Donald Trumpโ€™s big bill of tax breaks and spending cuts are being considered, though most of the amendments are expected to fail.

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How Wall Street powered to a record high and what comes next

Read full article: How Wall Street powered to a record high and what comes next

A trade war.

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US stocks rise to the brink of a record and recover nearly all their 20% springtime drop

Read full article: US stocks rise to the brink of a record and recover nearly all their 20% springtime drop

U.S. stocks ran up to the edge of another record.

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Fed's Powell repeats warning about tariffs as some GOP senators accuse him of bias

Read full article: Fed's Powell repeats warning about tariffs as some GOP senators accuse him of bias

Federal Reserve Chair Jerome Powell said Wednesday that President Donald Trumpโ€™s sweeping tariffs will likely push up inflation in the coming months, even as some Republican senators suggested the chair was biased against the duties.

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US stocks hang near their record as Wall Street takes a breath following two big days

Read full article: US stocks hang near their record as Wall Street takes a breath following two big days

U.S. stocks hung near their all-time high as financial markets caught a breath following two big days bolstered by hopes that the Israel-Iran war will not disrupt the global flow of crude oil.

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The Latest: As Trump goes to NATO, DHS says US remains at heightened risk

Read full article: The Latest: As Trump goes to NATO, DHS says US remains at heightened risk

President Donald Trump is in Europe for a two-day NATO summit laden with uncertainty over Iranโ€™s response to U.S. airstrikes, the fate of Russiaโ€™s invasion of Ukraine and the future of U.S. troops based in NATO countries.

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Powell says Fed rate cut is on hold even as Trump demands cuts

Read full article: Powell says Fed rate cut is on hold even as Trump demands cuts

The Federal Reserve will continue to wait and see how the economy evolves before deciding whether to reduce its key interest rate, Chair Jerome Powell says, a stance directly at odds with President Donald Trumpโ€™s calls for immediate cuts.

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US stocks approach their all-time high as oil prices tumble

Read full article: US stocks approach their all-time high as oil prices tumble

U.S. stocks climbed near their all-time high after oil prices eased further on hopes that Israelโ€™s war with Iran will not damage the global flow of crude.

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Fed leaves key rate unchanged as it awaits the impact of tariffs and Trump again scolds Powell

Read full article: Fed leaves key rate unchanged as it awaits the impact of tariffs and Trump again scolds Powell

The Federal Reserve kept its key rate unchanged Wednesday as it waits for additional information on how tariffs and other potential disruptions will affect the economy this year.

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'Purgatory:' Fed officials left in limbo as tariffs complicate this week's rate decision

Read full article: 'Purgatory:' Fed officials left in limbo as tariffs complicate this week's rate decision

The U.S. economy is mostly in good shape but that isnโ€™t saving Federal Reserve chair Jerome Powell from a spell of angst.

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The number of Americans filing for jobless benefits last week rises to highest level in eight months

Read full article: The number of Americans filing for jobless benefits last week rises to highest level in eight months

Filings for U.S. unemployment benefits rose to their highest level in eight months last week but remain historically low despite growing uncertainty about how tariffs could impact the broader economy.

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Trump meets with the Federal Reserve chairman he has repeatedly scorned

Read full article: Trump meets with the Federal Reserve chairman he has repeatedly scorned

President Donald Trump met with Federal Reserve Chair Jerome Powell and the two discussed the economy but not Powellโ€™s outlook for interest rates, the Fed said.

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Powell defends Federal Reserve in Princeton speech amid onslaught of attacks from Trump

Read full article: Powell defends Federal Reserve in Princeton speech amid onslaught of attacks from Trump

Federal Reserve Chair Jerome Powell is defending the central bankโ€™s response to the COVID-19 pandemic.

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Supreme Court declines to reinstate independent agency board members fired by President Donald Trump

Read full article: Supreme Court declines to reinstate independent agency board members fired by President Donald Trump

The Supreme Court has declined to reinstate independent agency board members fired by President Donald Trump.

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Inflation cooled again even as some tariffs took effect. But economists don't expect that to last

Read full article: Inflation cooled again even as some tariffs took effect. But economists don't expect that to last

Inflation may have picked up slightly last month as President Donald Trumpโ€™s widespread tariffs kicked in, a trend economists expect will become more visible in the coming months.

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Federal Reserve official sees signs of slowing economy but not ready to cut rates

Read full article: Federal Reserve official sees signs of slowing economy but not ready to cut rates

A top Federal Reserve official said Friday that massive uncertainty created by President Donald Trumpโ€™s tariffs has caused some businesses to cut back on hiring and spending, threatening to slow the economy, but he added that itโ€™s not yet clear whether the central bank should cut its key interest rate.

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The Latest: Trump says the โ€˜final detailsโ€™ are still to come in UK trade agreement

Read full article: The Latest: Trump says the โ€˜final detailsโ€™ are still to come in UK trade agreement

U.S. President Donald Trump said from the White House on Thursday that his government has reached a trade agreement with the United Kingdom.

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Wall Street climbs in choppy trading after Fed warns of rising risks for economy, holds rates steady

Read full article: Wall Street climbs in choppy trading after Fed warns of rising risks for economy, holds rates steady

U.S. stocks ended a choppy day higher after the Federal Reserve left its main interest rate alone, as was widely expected, but also warned about rising risks for the U.S. economy.

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Federal Reserve leaves key rate unchanged as it sees risk of higher prices and higher unemployment

Read full article: Federal Reserve leaves key rate unchanged as it sees risk of higher prices and higher unemployment

The Federal Reserve kept its key interest rate unchanged Wednesday, brushing off President Donald Trumpโ€™s demands to lower borrowing costs, and said that the risks of higher unemployment and higher inflation have risen.

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Federal Reserve likely to defy Trump, keep rates unchanged this week

Read full article: Federal Reserve likely to defy Trump, keep rates unchanged this week

The Federal Reserve will likely keep its key short-term interest rate unchanged on Wednesday, despite harsh criticism from President Donald Trump and his demand that the Fed reduce borrowing costs.

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Why Trump's call for the Fed to cut interest rates may not help consumers

Read full article: Why Trump's call for the Fed to cut interest rates may not help consumers

President Donald Trump is badgering the Federal Reserve to cut interest rates, but even if the Fed gave in to the pressure, it wouldnโ€™t necessarily lead to lower borrowing costs for consumers.

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Wall Street rises and markets rally worldwide as Trump softens his tough talk on tariffs and the Fed

Read full article: Wall Street rises and markets rally worldwide as Trump softens his tough talk on tariffs and the Fed

U.S. stocks rose as a worldwide rally came back around to Wall Street.

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Trump says he has 'no intention' of firing Federal Reserve chair

Read full article: Trump says he has 'no intention' of firing Federal Reserve chair

President Donald Trump said Tuesday he has no plans to fire Federal Reserve Chair Jerome Powell, just days after his statement that he would like to terminate the head of the U.S. central bank caused a stock market selloff.

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Gold soars to a new high as economic uncertainty deepens. Here's what to know

Read full article: Gold soars to a new high as economic uncertainty deepens. Here's what to know

As economic uncertainty deepens worldwide, gold prices keep hitting record after record.

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Asian markets are mostly higher as Wall Street is stuck in trade war doldrums

Read full article: Asian markets are mostly higher as Wall Street is stuck in trade war doldrums

Asian shares are mostly higher after a bumpy ride on Wall Street.

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Trump suggests he can remove Fed Chair Powell and says he's 'not happy' with him over interest rates

Read full article: Trump suggests he can remove Fed Chair Powell and says he's 'not happy' with him over interest rates

President Donald Trump has attacked Federal Reserve Chair Jerome Powell for not cutting interest rates.

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Powell says Federal Reserve can wait on any interest rate moves

Read full article: Powell says Federal Reserve can wait on any interest rate moves

The Federal Reserve can stay patient and wait to see how tariffs and other economic policies of the Trump administration play out before making any changes to interest rates, Chair Jerome Powell said Wednesday.

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Inflation fell last month as gas prices dropped sharply, a sign prices cooled before tariffs

Read full article: Inflation fell last month as gas prices dropped sharply, a sign prices cooled before tariffs

U.S. inflation declined last month as the cost of gas fell, a sign that price growth was cooling even as President Donald Trump ramped up his tariff threats.

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Will the tariffs lead to a recession? Here's how to know if we're in one

Read full article: Will the tariffs lead to a recession? Here's how to know if we're in one

President Donald Trumpโ€™s sharp tariff hikes last week have sent the stock market into a tailspin, raised alarm bells among Wall Street executives, and heightened many economistsโ€™ worries that the U.S. could tip into recession.

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Trump threatens more tariffs on China as global markets shudder over how much pain economy can take

Read full article: Trump threatens more tariffs on China as global markets shudder over how much pain economy can take

President Donald Trump says he's considering additional tariffs on China.

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Trump's trade wars deepen as China retaliates and markets fall. Here's what to know

Read full article: Trump's trade wars deepen as China retaliates and markets fall. Here's what to know

The trade wars launched by U.S. President Donald Trump are escalating to new heights.

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As stock market continues plummeting over tariffs, Trump spends the day at his golf course

Read full article: As stock market continues plummeting over tariffs, Trump spends the day at his golf course

President Donald Trump says his trade policies will never change despite sending the global economy into a tailspin by announcing tariffs on foreign imports.

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Federal Reserve chief says Trump tariffs likely to raise inflation and slow US economic growth

Read full article: Federal Reserve chief says Trump tariffs likely to raise inflation and slow US economic growth

US Fed Chair Jerome Powell says the Trump administrationโ€™s expansive new tariffs will likely lead to higher inflation and slower growth.

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Stock market today: Wall Street closes higher, snapping a 4-week losing streak

Read full article: Stock market today: Wall Street closes higher, snapping a 4-week losing streak

U.S. stocks shook off a weak start and ended slightly higher, enough to break a four-week losing streak.

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Stock market today: Wall Street rallies as pressure eases from the bond market after Fed decision

Read full article: Stock market today: Wall Street rallies as pressure eases from the bond market after Fed decision

U.S. stocks climbed after the Federal Reserve said the economy still looks healthy enough to keep interest rates where they are.

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Trump fires 2 Democrats on the Federal Trade Commission, seeking more control over regulators

Read full article: Trump fires 2 Democrats on the Federal Trade Commission, seeking more control over regulators

President Donald Trump has fired two Democratic members of the Federal Trade Commission, intensifying efforts to exert his administrationโ€™s control over independent agencies across the government.

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Federal Reserve sees tariffs raising inflation this year, keeps key rate unchanged

Read full article: Federal Reserve sees tariffs raising inflation this year, keeps key rate unchanged

The Federal Reserve kept its benchmark interest rate unchanged Wednesday and signaled that it still expects to cut rates twice this year, though more policymakers forecast fewer cuts.

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'Stagflation' risk puts Federal Reserve in tricky spot as it meets this week

Read full article: 'Stagflation' risk puts Federal Reserve in tricky spot as it meets this week

The Federal Reserve and its chair, Jerome Powell, are potentially headed to a tough spot as it prepares to meet Tuesday and Wednesday.

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Fed Chair Powell says interest rates on hold with economic uncertainty widespread

Read full article: Fed Chair Powell says interest rates on hold with economic uncertainty widespread

Chair Jerome Powell says in written remarks that the Federal Reserve is likely to keep its key interest rate unchanged in the coming months as it waits for widespread โ€œuncertaintyโ€ stemming from President Donald Trumpโ€™s policies to resolve.

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Stock market today: Wall Street ends its wild week with what else but more swings

Read full article: Stock market today: Wall Street ends its wild week with what else but more swings

U.S. stocks rose, but only after careening through another wild day.

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The US is missing again as G20 finance chiefs meet in South Africa

Read full article: The US is missing again as G20 finance chiefs meet in South Africa

Finance ministers and central bank chiefs from the Group of 20 developed and developing nations have gathered in South Africa for a two-day meeting.

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The latest inflation report shows that high prices are Trump's major economic challenge

Read full article: The latest inflation report shows that high prices are Trump's major economic challenge

Donald Trump promised as a candidate that he could easily conquer inflation, but the reality is proving tougher than he expected.

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Powell says Trump's comments won't affect interest rate decisions by the Fed

Read full article: Powell says Trump's comments won't affect interest rate decisions by the Fed

Federal Reserve Chair Jerome Powell said Wednesday President Donald Trumpโ€™s calls for lower interest rates wonโ€™t lead the central bank to change its rate decisions.

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Stock market today: Worse inflation data hits Wall Street, and Dow drops 400 points

Read full article: Stock market today: Worse inflation data hits Wall Street, and Dow drops 400 points

Most U.S. stocks fell after a report said inflation is unexpectedly worsening for Americans.

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US inflation got worse with rising groceries and gasoline prices

Read full article: US inflation got worse with rising groceries and gasoline prices

U.S. inflation accelerated last month as the cost of groceries and gasoline rose, a trend that will likely underscore the Federal Reserveโ€™s resolve to delay any further interest rate cuts.

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Stock market today: Wall Street holds firm following Trump's latest tariffs

Read full article: Stock market today: Wall Street holds firm following Trump's latest tariffs

Wall Street held relatively firm following President Donald Trumpโ€™s latest tariff escalation and after the Federal Reserve hinted interest rates may not change for a while.

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Fed chair says bank accounts 'safe' despite Trump's teardown of consumer protection agency

Read full article: Fed chair says bank accounts 'safe' despite Trump's teardown of consumer protection agency

Federal Reserve Chair Jerome Powell says Americansโ€™ bank accounts are safe despite the Trump administrationโ€™s shutdown of a consumer financial regulatory agency.

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Stock market today: Wall Street takes Trump's latest tariff threats in stride, and indexes rise

Read full article: Stock market today: Wall Street takes Trump's latest tariff threats in stride, and indexes rise

U.S. stock indexes rose as Wall Street took President Donald Trumpโ€™s latest threat on tariffs in stride.

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Trump's second week in office delivers jolts and chaotic orders with a mix of politics and tragedy

Read full article: Trump's second week in office delivers jolts and chaotic orders with a mix of politics and tragedy

President Donald Trumpโ€™s second week in office seemed to deliver a daily dose of deliberate jolts for the country.

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US inflation is lingering and tariffs threatened by Trump could nudge prices in wrong direction

Read full article: US inflation is lingering and tariffs threatened by Trump could nudge prices in wrong direction

An inflation gauge closely watched by the Federal Reserve rose slightly last month, the latest sign that some consumer prices remain stubbornly elevated, even as inflation is cooling in fits and starts.

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Stock market today: Wall Street slips after the Federal Reserve keeps interest rates steady

Read full article: Stock market today: Wall Street slips after the Federal Reserve keeps interest rates steady

U.S. stocks slipped after the Federal Reserve held its main interest rate steady and broke a run of cuts that began in September.

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Fed hold rates steady, sees inflation as 'elevated,' as Powell declines comment on Trump

Read full article: Fed hold rates steady, sees inflation as 'elevated,' as Powell declines comment on Trump

The Federal Reserve left its key interest rate unchanged Wednesday after cutting it three times in a row last year, a sign of a more cautious approach as the Fed seeks to gauge where inflation is headed and what policies President Donald Trump may pursue.

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Federal Reserve expected to stand pat on rates even as Trump demands cuts

Read full article: Federal Reserve expected to stand pat on rates even as Trump demands cuts

The Federal Reserve is nearly certain to keep its key interest rate unchanged at its policy meeting this week, just a few days after President Donald Trump said he would soon demand lower rates.

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Federal Reserve says it will leave climate change organization

Read full article: Federal Reserve says it will leave climate change organization

The Federal Reserve said Friday that it is leaving an international grouping of central banks that focused on how the financial system could help combat climate change.

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Surging job market could prove costly for households, businesses as odds of quick rate cuts fade

Read full article: Surging job market could prove costly for households, businesses as odds of quick rate cuts fade

U.S. hiring picked up unexpectedly in December as employers added 256,000 jobs, another sign of the economyโ€™s resilience in the face of high interest rates.

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Top Federal Reserve bank regulator, under fire from GOP, to step down next month

Read full article: Top Federal Reserve bank regulator, under fire from GOP, to step down next month

The Federal Reserveโ€™s top financial regulator said Monday that he would resign next month, avoiding a potential confrontation with the incoming Trump administration and Republicans in the Senate.

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Federal Reserve's preferred inflation gauge shows price pressures eased last month

Read full article: Federal Reserve's preferred inflation gauge shows price pressures eased last month

An inflation gauge that is closely watched by the Federal Reserve barely rose last month in a sign that price pressures cooled after two months of sharp gains.

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Trump was poised to inherit a strong economy. Then things got rocky and he added to the uncertainty

Read full article: Trump was poised to inherit a strong economy. Then things got rocky and he added to the uncertainty

Donald Trump seemed poised to inherit a relatively strong economy when he begins a second term in the White House in January.

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US stocks fall sharply and Dow tumbles 1,100 points after the Fed hints at just 2 rate cuts for 2025

Read full article: US stocks fall sharply and Dow tumbles 1,100 points after the Fed hints at just 2 rate cuts for 2025

U.S. stocks tumbled to one of their worst days of the year after the Federal Reserve hinted it may deliver fewer shots of adrenaline for the U.S. economy in 2025 than earlier thought.

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Federal Reserve cuts its key rate by a quarter-point but envisions fewer reductions next year

Read full article: Federal Reserve cuts its key rate by a quarter-point but envisions fewer reductions next year

The Federal Reserve cut its key interest rate by a quarter-point โ€” its third cut this year โ€” but also signaled that it expects to reduce rates more slowly next year than it previously envisioned, mostly because of still-elevated inflation.

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Retail sales rose at healthy pace last month in latest sign of US economy's health

Read full article: Retail sales rose at healthy pace last month in latest sign of US economy's health

Consumers stepped up their spending at retail stores last month, providing a boost to the economy in the early phases of the winter holiday shopping season.

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Stock market today: Wall Street trims its stellar gains as Nvidia's star dims again

Read full article: Stock market today: Wall Street trims its stellar gains as Nvidia's star dims again

U.S. stock indexes trimmed some of their stellar gains for the year.

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Federal Reserve is likely to slow its rate cuts with inflation pressures still elevated

Read full article: Federal Reserve is likely to slow its rate cuts with inflation pressures still elevated

Americans hoping for lower borrowing costs for homes, credit cards and cars may be disappointed after this weekโ€™s Federal Reserve meeting.

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US inflation ticked up last month as some price pressures remain persistent

Read full article: US inflation ticked up last month as some price pressures remain persistent

Fueled by pricier used cars, hotel rooms and groceries, inflation in the United States moved slightly higher last month in the latest sign that some price pressures remain elevated.

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Why Trump and the Federal Reserve could clash in the coming years

Read full article: Why Trump and the Federal Reserve could clash in the coming years

President-elect Donald Trump campaigned on the promise that his policies would reduce high borrowing costs and lighten the financial burden on American households.

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Powell: Fed's independence from politics is vital to its interest rate decisions

Read full article: Powell: Fed's independence from politics is vital to its interest rate decisions

Chair Jerome Powell said the Federal Reserveโ€™s ability to set interest rates free of political interference is necessary for it to make decisions to serve โ€œall Americansโ€ rather than a political party or political outcome.

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Federal Reserve's likely slowdown in rate cuts could disappoint borrowers

Read full article: Federal Reserve's likely slowdown in rate cuts could disappoint borrowers

Just a few weeks ago, the path ahead for the Federal Reserve looked straightforward: With inflation cooling and the job market slowing, the Fed appeared on track to steadily cut interest rates.

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Powell says Fed will likely cut rates cautiously given persistent inflation pressures

Read full article: Powell says Fed will likely cut rates cautiously given persistent inflation pressures

Chair Jerome Powell says the Federal Reserve will likely cut its key interest rate slowly and deliberately in the coming months, in part because inflation has shown signs of persistence and the Fedโ€™s officials want to see where it heads next.

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Top Federal Reserve official defends central bank's independence in wake of Trump win

Read full article: Top Federal Reserve official defends central bank's independence in wake of Trump win

A Federal Reserve official has given a lengthy defense of the central bank's political independence.

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Federal Reserve cuts its key interest rate by a quarter-point amid postelection uncertainty

Read full article: Federal Reserve cuts its key interest rate by a quarter-point amid postelection uncertainty

The Federal Reserve cut its key rate by a quarter-point in response to the steady decline in the once-high inflation that had angered Americans and helped drive Donald Trumpโ€™s presidential election victory this week.

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Stock market today: Most of Wall Street rises after the Fed cuts interest rates

Read full article: Stock market today: Most of Wall Street rises after the Fed cuts interest rates

Most U.S. stocks rose as the Federal Reserve cut interest rates again to make things easier for the economy.

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Federal Reserve is set to cut rates again while facing a hazy post-election outlook

Read full article: Federal Reserve is set to cut rates again while facing a hazy post-election outlook

No one knows how Tuesdayโ€™s presidential election will turn out, but the Federal Reserveโ€™s move two days later is much easier to predict: With inflation continuing to cool, the Fed is set to cut interest rates for a second time this year.

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Fed Chair Powell says the US economy is in 'solid shape' with gradual rate cuts coming

Read full article: Fed Chair Powell says the US economy is in 'solid shape' with gradual rate cuts coming

Federal Reserve Chair Jerome Powell has signaled that more rate cuts are in the pipeline, though their size and speed will depend on the evolution of the economy.

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The Federal Reserve is finally lowering rates. Here's what consumers should know

Read full article: The Federal Reserve is finally lowering rates. Here's what consumers should know

The Federal Reserve has cut its benchmark interest rate from its 23-year high, with consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses.

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Federal Reserve signals end to inflation fight with a sizable half-point rate cut

Read full article: Federal Reserve signals end to inflation fight with a sizable half-point rate cut

The Federal Reserve cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates that helped tame inflation but also made borrowing painfully expensive for consumers.

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Stock market today: Most of Wall Street edges lower after Fed delivers a big cut to rates

Read full article: Stock market today: Most of Wall Street edges lower after Fed delivers a big cut to rates

Most of the U.S. stock market edged lower after the Federal Reserve kicked off its efforts to prevent a recession with a bigger-than-usual cut to interest rates.

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Will the Federal Reserve cut interest rates fast enough to deliver a 'soft landing'?

Read full article: Will the Federal Reserve cut interest rates fast enough to deliver a 'soft landing'?

American consumers and home buyers, business people and political leaders have been waiting for months for what the Federal Reserve is poised to announce this week: That itโ€™s cutting its key interest rate from a two-decade peak.

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Fed official broke ethics rules but didn't violate insider trading laws, probe finds

Read full article: Fed official broke ethics rules but didn't violate insider trading laws, probe finds

A government investigation into Atlanta Federal Reserve President Raphael Bostic's securities trades and investments has found he violated several of the central bank's ethics policies.

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