The change was slightly above analysts' expectations and is likely to bolster reluctance at the Fed to cut interest rates any further.

The consumer price index increased 3% in January from a year ago, Wednesday’s report from the Labor Department showed, up from 2.9% the previous month. It has increased from a 3 1/2 year low of 2.4% ...

The House Financial Services Committee will hold a hearing Wednesday morning on “The Federal Reserve’s Semi-Annual Monetary Policy Report.” ...

Federal Reserve Chair Jerome Powell returns to Capitol Hill on Wednesday for the second day of his semiannual updates on monetary policy.

Fed Chair testifies before House committee U.S. Federal Reserve Chairman Jerome Powell will testify before the House ...

House Financial Services Committee Ranking Member Rep. Maxine Waters, a Democrat from California, urged Federal Reserve Chair ...

Gear up for the budget battle Under scrutiny, Musk defends DOGE Netanyahu threatens fragile Gaza ceasefire  Zelensky floats ...

Federal Reserve Chair Jerome Powell will testify before the House Financial Services Committee Wednesday morning on the state of the U.S. economy. Powell has put interest rate cuts on hold amid rising ...

Powell defended the central bank’s independence from elected lawmakers’ desires. “Research over many, many years…shows that ...

Analysts have been eager to weigh in on the Technology sector with new ratings on Intel (INTC – Research Report), Salesforce (CRM – Research ...

Watch live coverage as Federal Reserve Chair Jerome Powell testifies before the House Financial Services Committee. Powell told senators yesterday the Fed doesn’t need to rush to cut rates since the e ...