There's no compelling reason to cut rates, says Fmr. Cleveland Fed President Loretta Mester
Loretta Mester, UPenn Wharton School of Business professor, joins 'Power Lunch' to discuss tariffs and Trump's push for lower ...
Soap company recalls products for lack of federal inspection
Common Sense Soap and Lady May Tallow products were processed without USDA inspection and distributed to wholesalers and ...
US inflation accelerated last month: See where prices are heading higher
Rising costs of groceries, gasoline, and rents contribute to the unexpected boost in inflation, dampening business enthusiasm ...
Inflation ticks up to 3 percent annual increase in January
The consumer price index (CPI) increased by 0.5 percent in January to hit an annual increase of 3.0 percent after advancing by 2.9 percent in December. Economists were expecting the CPI to ...
Consumer price report Wednesday expected to show inflation isn't going away
Another month, another expected miss for inflation as it relates to the Fed’s goal, with concerns aplenty about what happens ...
Dow Jones and Nasdaq 100: Markets Drops as Powell Testifies, Coca-Cola Jumps 3%
US stock futures drop as Powell’s testimony looms. Trade tensions, inflation risks, and Fed policy outlook shape market ...
Cleveland Fed chief advocates for steady interest rates amid inflation concerns
Federal Reserve Bank of Cleveland President, Beth Hammack, has advocated for maintaining current interest rates for an ...
Key takeaways from Fed Chair Jerome Powell’s congressional hearing
America’s central bank is in no rush to slash interest rates any time soon, Federal Reserve Chair Jerome Powell told lawmakers Tuesday. Powell also faced a barrage of questions about the Consumer ...
Fed Official Warns of Tariffs' Inflation Risk
Just before Federal Reserve Chair Jerome Powell was due to testify before the Senate, one of the central bank's top officials ...
Cleveland Fed's Hammack, echoing Jerry Maguire, says, 'Show me the low inflation!' before she'll back more rate cuts
Speaking ahead of Fed Chairman Jerome Powell, Cleveland Fed President Beth Hammack said she thought the central bank could be patient before cutting rates again. In a speech at the University of ...
Cleveland Fed's Hammack: Appropriate to Hold Rates Steady for 'Some Time'
Hammack, a former finance executive at Goldman Sachs who began leading the Cleveland Fed last year, cited high stock valuations and other market-based metrics to suggest that "we may be at or close to ...