Tag: Inflation
Fed's favored inflation gauge shows cooling price pressures, clearing way for more rate cuts
WASHINGTON -- The Federal Reserve's preferred inflation measure on Friday provided the latest sign that price pressures are easing, a trend that is...
Trump favors huge new tariffs. What are they, and how do they work?
WASHINGTON -- Donald Trump has identified what he sees as an all-purpose fix for what ails America: Slap huge new tariffs on foreign...
Department of Justice sues Visa, alleges the card issuer monopolizes debit card markets
NEW YORK -- The U.S. Justice Department has filed an antitrust lawsuit against Visa, alleging that the financial services behemoth uses its size...
The Fed sees its inflation fight as a success. Will the public eventually agree?
WASHINGTON -- With its larger-than-usual half-point cut to its key interest rate last week, the Federal Reserve underscored its belief that it's all...
Bank of England keeps its main interest rate on hold at 5% in wake of big US Fed rate cut
LONDON -- The Bank of England is widely expected to announce it is keeping interest rates unchanged later Thursday despite a big cut...
Text of the policy statement the Federal Reserve released Wednesday
WASHINGTON -- Below is the statement the Federal Reserve released Wednesday after its latest policy meeting ended:Recent indicators suggest that economic activity has...