Core inflation hit an annual rate of 3.3% in April, as expected, Feds preferred gauge shows
The PCE price index for April was expected to show an annual inflation rate of 3.8% for all items and 3.3% for core.
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Energy inflation has been more persistent than expected: Fed's Goolsbee
While oil prices have recently fallen on news that a peace deal between the U.S. and Iran could come, prices are still significantly higher than before the war.
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Energy inflation has been more persistent than expected, Fed's Goolsbee tells CNBC
While oil prices have recently fallen on news that a peace deal between the U.S. and Iran could come, prices are still significantly higher than before the war.
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Feds Kashkari tells CNBC that inflation fight takes priority as labor market is 'in decent shape'
The Minneapolis Fed President warned that persistently high inflation risks becoming embedded in consumer expectations, potentially forcing tougher policy action later.
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Feds Kashkari says inflation fight takes priority as labor market is 'in decent shape'
The Minneapolis Fed President warned that persistently high inflation risks becoming embedded in consumer expectations, potentially forcing tougher policy action later.
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Oil prices jump after US launches new attacks on Iran
The strikes come despite a ceasefire between Tehran and Washington as the two countries hold peace talks.
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SK Hynix and Micron: Booming AI chip demand helps create two new $1tn club members
SK Hynix and Micron are the latest tech firms to join the growing list of stocks with mega valuations.
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ECB 'will do what is necessary' to tame inflation, Bank of France governor tells CNBC
Markets are overwhelmingly pricing in a rate hike from the central bank at its next meeting.
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Consumer sentiment hits fresh record low in May as Iran war fuels inflation worries
Consumer sentiment has tumbled to a fresh record low in May as fears of higher prices grow due to the U.S.-Iran war and elevated oil prices.
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Elon Musk\s SpaceX postpones Starship launch
It comes just a day after the firm revealed plans for a record-breaking stock market debut.
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UK-Gulf trade deal a 'monumental achievement,' Bahrain industry minister tells CNBC
Abdulla bin Adel Fakhro said the deal was a win-win for the U.K. and Gulf states.
Industriya
Nvidia\s record results fail to impress investors
The chip giant reported more stellar results but its shares fell after-hours as investors wonder if it can keep up its pace of growth amid greater competition.
Industriya
Standard Chartered to cut thousands of roles as AI use increases
The UK-headquartered banking giant aims to move some of the effected workers to other roles in the business.
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Kevin Warsh to be sworn in as Federal Reserve chair on Friday
Trump will swear in Kevin Warsh, his hand-picked choice to lead the Federal Reserve, during a White House ceremony.
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The Fed will have to raise interest rates in July to appease 'bond vigilantes,' Yardeni says
Sent to the Federal Reserve to lower interest rates, incoming Chair Kevin Warsh instead may have to push for higher levels.
Industriya
Traders now see next Fed interest rate move as a hike following inflation surge
The fed funds futures market is pricing in an increase as soon as December.
Industriya
Inflation rate projected to hit 6% in the second quarter, top economic forecasters say
The recent surge in inflation is likely to get worse over the next several months, according to a survey Friday.
Industriya
Wholesale inflation jumps 6% in April on annual basis, biggest increase since 2022
The producer price index was expected to increase 0.5% in April, according to the Dow Jones consensus.
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Wholesale inflation jumps 6% in April on annual basis, biggest increase since 2022
The producer price index was expected to increase 0.5% in April, according to the Dow Jones consensus.
Industriya
Markets raise chances for a Fed rate hike following hot inflation report
Market pricing took virtually any chance of a cut off the table between now and the end of 2027.
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