Trump wants interest rate cuts. The market isn't buying it.
Just before the release of Wednesday’s monthly consumer price report, President Donald Trump called for lower interest rates ...
Oil prices decline as U.S. crude supplies climb for a third week in a row
Oil futures looked to post a loss Wednesday, their first in four sessions, after official U.S. data revealed a third straight ...
Powell refrains from saying which way interest rates could go based on Trump's policies
Federal Reserve Chair Jerome Powell, appearing for a second day of testimony before Congress, said central bank officials remain in a wait-and-see mode when it comes to deciding where interest rates ...
Powell says Trump's comments won't affect interest rate decisions by the Fed
Federal Reserve Chair Jerome Powell said Wednesday President Donald Trump’s calls for lower interest rates won’t lead the central bank to change its rate decisions ...
Bank of America CEO on inflation impact on U.S. economy: ‘Rates are going to stay where they are'
The Bureau of Labor Statistics reported hotter-than-expected growth in the U.S. consumer price index, forcing markets to recalibrate rate expectations.
TASS3h
Bank of Russia lowers dollar rate to 94.05 rubles for February 13
MOSCOW, February 12. /TASS/. The Bank of Russia set the official dollar rate at 94.0485 rubles for February 13, down 1.75 rubles against the previous indicator. The official euro rate was lowered by 1 ...
Rachel Reeves’s debt fiddle leaves her cornered on tax
With weak growth forecast, the Chancellor is walking a tightrope to avoid tax rises and spending cuts ...
Trump Says Interest Rates Should Be Lowered. The Inflation Report Begs to Differ.
The Bureau of Labor Statistics will release the consumer price index report for January on Wednesday, Feb. 12.
Nairametrics3h
Naira weakens midweek, trades at N1,570/$1 in parallel market
The Naira extended its downward trajectory mid-week, depreciating further against the US dollar in both the parallel and official markets.
Daily Sabah4h
US inflation picks up more than expected in January
Inflation in the United States picked up more than expected in January, official data showed on Wednesday, as the cost of groceries, gas, and used ...
White House official says 25% steel tariffs would stack on other levies on Canada
A White House official said late Tuesday that US President Donald Trump's planned 25% tariffs on all steel and aluminum imports would be added onto other levies on Canadian goods, resulting in a total ...
France 2421h
US inflation fight to take time in 'highly uncertain' environment: Fed official
The US Federal Reserve is in a strong position to weather the "highly uncertain" economic outlook, but its inflation fight ...