Donald Trump and Jerome Powell, chair of the U.S. Federal Reserve, met for about 30 minutes on 29 May at Trump’s invitation, the White House press office said.
Tag: U.S. Federal Reserve
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INFLATION FALLS TO 2.1 PERCENT, VIRTUALLY MATCHING FED’S TARGET
The U.S. Federal Reserve’s favorite measure of inflation showed prices rose at a 2.1-percent annual rate in April, next door to the Fed’s long-held 2-percent target rate.
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U.S. DOLLAR’S VALUE DROPS AGAINST OTHER WORLD CURRENCIES
Last week, the U.S. dollar’s value declined the most in any week since Donald Trump’s 2 April “Liberation Day” tariff announcement.
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APRIL INFLATION PACE WAS THE SLOWEST IN FOUR YEARS
Last month, the U.S. inflation rate slipped from 2.4 percent to 2.3, its slowest since early 2021 and its third consecutive month of decline, the labor department reported last week.
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FED HELD RATES STEADY AS IT BRACES FOR TARIFFS’ IMPACT
The U.S. Federal Reserve left its key interest rates unchanged at last week’s meeting and warned that risks are rising that Donald Trump’s tariff campaign will raise prices and eliminate jobs.
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INFLATION RISES TO 2.8 PERCENT IN FEBRUARY
The core Personal Consumption Expenditures Index, the inflation measure the U.S. Federal Reserve watches most closely, rose to 2.8 percent in February compared to 2.4 percent in January, according to the Bureau of Labor Statistics.
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U.S. FINANCIAL OUTLOOK IS DETERIORATING, MOODY’S WARNS
Donald Trump’s sweeping tariff regime will complicate efforts to manage the growing federal debt as high interest rates persist, Moody’s warned last week.
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INFLATION AND HIGH GOVERNMENT DEBT ARE LINKED, STUDY FINDS
When a government borrows to fund its programs, that puts pressure on consumer prices, according to research by Ernie Tedeschi, director of economics at Yale University’s Budget Lab and former chief economist for President Joe Biden’s White House Council of Economic Advisers.
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U.S. INFLATION SLOWS AS TARIFFS THREATEN TO REIGNITE IT
Inflation’s annual U.S. rate registered 2.8 percent in February, compared to 3 percent the month before, the Labor Department reported.
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TOP TREND 2024: A GOLDEN YEAR FOR GOLD
The U.S. spot gold price briefly topped $3,000 on 10 March, passing the milestone for the first time. The metal’s futures price in European evening trading surpassed the same milestone later on the same day.