Economy
Reasons for the high inflation rates are due to high gasoline prices, which were up nearly 60% over the year despite falling recently.
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Economy
Trump also placed a 10% tariff on all Chinese imports, which went into effect on Tuesday at 12:01 a.m. ET.
Economy
The rate cut could deliver relief to borrowers.
Economy
Prices rose 4% while price growth climbed just 0.1% month-over-month.
Economy
The jobs report for March saw 431,000 jobs added and the unemployment rate dropped to 3.6%, a low for the pandemic era.
Economy
The jobs report noted 467,000 were added in January, which is far more than the 150,000 jobs that economists' originally predicted.
Economy
Powell has received criticism from both progressive Democrats and Republicans, who say he is not doing enough to keep inflation in check.