Consumer Prices Rose in January, Before Iran War Added Price Pressures
The Federal Reserve’s preferred gauge for inflation increased 2.8 percent annually and economists expect another bump in prices in the near-term.
The Federal Reserve’s preferred gauge for inflation increased 2.8 percent annually and economists expect another bump in prices in the near-term.
The Commerce Department on Friday released the January 2026 PCE inflation report, which showed the Federal Reserve's preferred inflation gauge remained stubbornly high for consumers.
March 13 falls on Friday this year. Even though you may think Friday the 13th is cursed, some great things have happened on this date.
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Since starting a war with Iran caused oil and gasoline prices to spike, President Donald Trump has pivoted from a focus on keeping energy prices low to trying to paint high oil prices as a positive. The about-face comes as Trump’s team has struggled to offer a clear plan for opening up the critical Strait of Hormuz so that tankers full […]
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"We have revised our baseline to show only one rate cut in 2026 ... but it is entirely plausible that the Fed won’t deliver any rate cuts this year."
President Trump’s pick to lead the Federal Reserve could faces a tough road to confirmation if he seeks quick interest rate cuts. The war in Iran doesn’t help.