Inflation barely budged in April as tariffs President Donald Trump implemented in the early part of the month had yet to show up in consumer prices, the Commerce Department reported Friday. The personal consumption expenditures price index, the Federal Reserve’s key inflation measure, increased just 0.1% for the month, putting the annual inflation rate at…
Federal Reserve Chair Jerome Powell speaks at the Thomas Laubach Research Conference held by the Federal Reserve Board of Governors on May 15, 2025 in Washington, DC. Andrew Harnik | Getty Images Federal Reserve Chair Jerome Powell said Thursday that longer-term interest rates are likely to be higher as the economy changes and policy is…
European Central Bank President Christine Lagarde on Tuesday said she hoped that U.S. President Donald Trump would not fire Federal Reserve Chair Jerome Powell. Asked by CNBC’s Sara Eisen if that scenario was a current material risk to markets, Lagarde said: “I certainly hope not … I hope that it is not a risk.” Speaking…
A screen broadcasting a news conference by U.S. Federal Reserve Chair Jerome Powell after a rate announcement, on the floor of the New York Stock Exchange on March 19, 2025. Brendan McDermid | Reuters The U.S. Federal Reserve concluded its meeting exactly as market watchers had expected: by keeping interest rates steady. While a cut…
U.S. Federal Reserve Chair Jerome Powell holds a press conference after the Monetary Policy Committee meeting, at the Federal Reserve in Washington, DC on March 19, 2025. Roberto Schmidt | AFP | Getty Images The U.S. Federal Reserve concluded its meeting exactly as market watchers had expected: by keeping interest rates steady. While a cut…
US Federal Reserve Governor Michelle Bowman attends a “Fed Listens” event at the Federal Reserve headquarters in Washington, DC, on October 4, 2019. Eric Baradat | AFP | Getty Images President Donald Trump announced Monday he has chosen Federal Reserve Governor Michelle Bowman to take over the central bank’s top supervisory role. The announcement comes…
Federal Reserve Chair Jerome Powell speaks at the 2025 U.S. Monetary Policy Forum on March 7, 2025, in New York City. Spencer Platt | Getty Images News | Getty Images The U.S. nonfarm payrolls report for February was weaker than expected, but the silver lining is that the number of jobs added for the month…
U.S. Federal Reserve Chair Jerome Powell testifies before a House Financial Services Committee hearing on “The Semiannual Monetary Policy Report to the Congress,” on Capitol Hill in Washington, D.C., U.S., Feb. 12, 2025. Nathan Howard | Reuters What you need to know today Signs of deflation in ChinaChina’s national consumer price index fell by 0.7%…
Jerome Powell, chairman of the U.S. Federal Reserve, at a news conference after a Federal Open Market Committee meeting in Washington, D.C., on Dec. 18, 2024. Al Drago | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything…
A customer, holding a carton of eggs at a supermarket, in United States on Dec. 20, 2024. Secuk Ancar | Anadolu | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are….
