The Latest Breaking News on Economy

Chair Jerome Powell said the Federal Reserve is not close to ending its anti-inflation campaign of interest-rate increases as officials signaled borrowing costs will head higher than investors expect next year.

The US is facing a cost of living crisis with soaring inflation, with the latest interest rate hike the seventh increase this year

Jeremy Hunt says rising costs are still ‘number one enemy’

The bigger than expected fall could slow the pace of interest rate hikes

Drop in consumer prices index had been forecast but costs continue to rise, adding to pressure on ministers to raise pay

Further monetary tightening will be gradual and measured, and can be adjusted if necessary, after the monetary policy committee raised its key interest rate late last month, minutes of the meeting showed on Wednesday.

WASHINGTON — A key gauge of U.S. consumer prices posted the smallest monthly advance in more than a year, indicating the worst of inflation has likely passed and validating an anticipated slowing in the pace of Federal Reserve interest-rate hikes.

Last week, I discussed all of the reports we had coming due before the Fed's December meeting (and rate hike announcement)...including the very important Consumer Price Index (CPI) report that was released this morning. It felt premature to send out my pre-Fed meeting market commentary before that last important inflation…

The duty-free access for nearly 40 African countries in a 22-year-old U.S. trade program is no longer enough to boost their development and a focus on improving investment is needed, U.S. Trade Representative Katherine Tai said on Tuesday.