Crypto markets saw a boost on Tuesday after the latest U. S. inflation numbers came in lower than expected. The Consumer Price Index (CPI), which measures the cost of everyday goods and services, rose by 2. 7% over the past year. This was a bit less than economists were predicting, showing that infl
President Trump has decided to cross Scott Bessent off his shortlist for the next Federal Reserve chair. Bessent, who serves as the Treasury Secretary, made it clear he's happy with his current role. Trump shared this news during an interview and even joked about picking TV anchors for the job. Tru
The Federal Reserve, a key player in the U. S. economy, is under the spotlight as President Donald Trump plans to visit its headquarters. This visit comes as Trump and his allies question the Fed's recent building renovations, which have seen costs rise significantly. The president has been vocal ab
The Federal Reserve's headquarters is getting a major upgrade, but the project is way over budget. This has caught the attention of former President Donald Trump, who has been critical of Fed Chair Jerome Powell. The renovation of the Fed's main building and other structures in Washington, DC, has s
July 16, 2025, saw some ups and downs in the stock market. The S&P 500 went up by 0. 32%, ending at 6, 263. 70. The Nasdaq Composite also had a good day, gaining 0. 26% and hitting a new high for the year at 20, 730. 49. The Dow Jones Industrial Average added 231. 49 points, or 0. 53%, closing at 44
President Donald Trump has been sending mixed signals about Federal Reserve Chair Jerome Powell's job security. After hinting at firing Powell during a meeting with Republican lawmakers, Trump later downplayed the possibility, calling it "highly unlikely. " This back-and-forth has left many wonderin
Susan Collins, who leads the Federal Reserve Bank of Boston, thinks the economy is strong enough to handle tariffs without needing quick action from the Fed. She believes businesses and households are in good shape, which might help soften the blow of higher tariffs. This gives the Fed time to caref
Investors are cheering as the economy shows signs of slowing down. The S&P 500 hit a new high, and it seems like the bad news for workers is good news for stock markets. Why? Because when the economy isn't doing so well, the Federal Reserve might cut interest rates. Lower interest rates usually mean
The idea of naming a new Federal Reserve chair well before Jerome Powell's term ends could lead to some serious market confusion. President Trump has hinted that he'll announce his pick soon and wants someone who will lower interest rates. Powell, however, has been cautious, citing a strong economy
The latest numbers on inflation in the US show that prices are still going up, but not as fast as some people thought. The Personal Consumption Expenditures (PCE) Price Index, which is a big deal for the Federal Reserve, went up by 2. 3% in May. That's a tiny bit higher than the month before, but it
