then inflation would have ideally bottomed now. In the 1970s, inflation catapulted to nearly 9% before hitting 12% later in the decade and peaking at 14% by 1980. Part of the problem started in the ...

Jerome Powell was prepared to go to court when the president floated his dismissal six years ago. If it happens again, the ...

Earlier on Thursday, mortgage rates rose again for the sixth consecutive week, hitting a four-month high of 6.79%, according ...

President-elect Donald Trump won Pennsylvania after losing the state in 2020. Scott Pelley visited to find out what was ...

Jerome Powell has refused to allow political calculations to impact the thinking of the Fed on the rates trajectory ...

On a "core" basis, which strips out food and energy prices, CPI is forecast to have risen 3.3% over last year in October, ...

The dollar started in a cautious mood on Monday as markets braced for U.S. inflation data and a throng of Federal Reserve speakers this week, while the yuan nursed a hangover from Beijing's latest ...

Many would-be home buyers are still hoping for mortgage rates to come down as the Federal Reserve cuts interest rates. How much they will fall is unclear.

The dollar edged higher on Monday as markets braced for U.S. inflation data and a throng of Federal Reserve speakers this ...

On the other hand, the US dollar (DXY) strengthened after the Federal Reserve’s rate cut. This signals that the central bank ...