The Latest Breaking News from the Federal Reserve

Mary Daly, President of the Federal Reserve Bank of San Francisco, discusses the US interest rate outlook and economic conditions, emphasizing data-driven ...

Federal Reserve expected to cut interest rates twice in 2024 due to higher inflation, particularly in auto-related costs.

Federal Reserve officials are cautious about cutting interest rates amidst economic uncertainty and global trade tensions.

Learn about the recent U.S. producer price index rise, its impact on inflation concerns, and the Federal Reserve's potential rate cut decisions.

June S&P 500 E-Mini futures (ESM24) are down -0.36%, and June Nasdaq 100 E-Mini futures (NQM24) are down -0.30% this morning, signaling further losses on Wall Street after hotter-than-expected U.S. inflation data diminished hopes of early interest rate cuts by the Federal Reserve, while investors awaited crucial U.S. producer inflation…

The US consumer price index for March stood 3.5 percent higher than a year earlier, as inflation proved stickier than expected. A rate cut from the Federal Reserve, anticipated for June, is now in doubt. Also in this edition: the UN's climate chief calls for a new finance deal for…

Consumer prices rose 0.4 percent in March and the annual inflation rate ticked up to 3.5 percent, the highest rate seen since September.

US consumer inflation continued to accelerate last month, according to US government data published Wednesday, reducing the chances of an early interest rate cut from the Federal Reserve.

The latest CPI report for March unveils a sharp uptick in inflation to 3.5%, posing a significant test to the resilience of the economy.