By WASHINGTON, DC – JUNE 14: U.S. Federal Reserve Board Chairman Jerome Powell speaks during a news … [+] conference following a meeting of the Federal Open Market Committee (FOMC) at the headquarters of the Federal Reserve on June 14, 2023 in Washington, DC. After a streak of ten interest rate increases, Powell announced that…
By People work on the floor at the New York Stock Exchange in New York, Monday, Feb. 24, 2025. (AP … [+] Photo/Seth Wenig)Copyright 2025 The Associated Press. All rights reserved.Increasing inflation fears remain the primary concern weighing on financial markets. The U.S. economy is still digesting the pandemic-induced inflation spike while concerns over the…
By U.S. consumers got a little psyched out in February. Consumer confidence dropped sharply, according to The Conference Board, and the consumer expectations index — what they think about income, business conditions, the job market — dropped significantly. Consumers also believe inflation is going to get worse in the next 12 months. And inflation expectations can be…
By What might today’s figures mean for housing costs?published at 12:20 Greenwich Mean Time12:20 GMTDouglas FraserBusiness and economy editor, BBC ScotlandImage source, PA MediaWhile consumer prices continue to rise, and faster than the Bank of England target 2%, household bills are being more stretched by increases in housing costs.Private landlords are charging ever higher rents,…
By Jerome Powell’s press conferences—sometimes market-moving events—have attracted less notice of late. With Donald Trump in the White House, the chair of the Federal Reserve faces competition for attention. Yet a recent inflation reading has returned prices to the public eye. In January America’s “core” consumer price index, which strips out volatile food and energy…
By Rising food prices are a harmful result of inflation. Can you use crypto to protect your pocketbook?gettyInflation is the systematic erosion of the purchasing power of money. Governments and central banks often attribute inflation to supply shocks, rising production costs or geopolitical instability. These factors may drive temporary fluctuations in inflation under specific circumstances,…
By President Trump’s promise to curb inflation just got more complicated after January’s Consumer Price Index (CPI) came in hotter than expected this past week.The report rattled markets, putting pressure on stocks while bond yields soared, as investors reduced expectations for an interest rate cut, while some even revived the possibility of a hike.But never…
By Mortgage rates went up this week because of an unexpected resurgence of inflation.The average rate on the 30-year fixed-rate mortgage rose three basis points, to 6.84%, in the week ending Feb. 13, according to rates provided to NerdWallet by Zillow. A basis point is one one-hundredth of a percentage point. This marked the first…
By Homeowners should carefully weigh their home equity loan and HELOC options when borrowing $50,000 worth of equity. Getty Images Borrowing $50,000 always comes with a series of critical considerations. When using your home as collateral, those considerations become even more important. After all, while you may be able to secure a $50,000 personal loan…
By CNN — It’s not just eggs. Many commonly purchased goods and services got more expensive in January, driving inflation in the wrong direction and to its highest rate since June of last year. Consumer prices rose 0.5% from December — the fastest pace since August 2023 — resulting in an annual inflation rate of…