President Donald Trump was critical of Federal Reserve Chair Jerome Powell on Thursday, further intensifying his feud by posting a statement on social media saying, “Powell’s termination cannot come fast enough!”
Read More Trump Criticizes Fed Chair Jerome Powell, Says His ‘Termination Cannot Come Fast Enough’
The latest jobs report for the month of March came in higher than expected as the Trump administration has applauded the newest numbers.
Read More March Jobs Report Beats Expectations With 228K New Positions
The latest report revealed by the Labor Department showed that U.S. inflation rose in November from the pace it set a month earlier, going up for the second month in a row.
Read More U.S. Inflation Increases 2.7% In November, Going Up For Second Consecutive Month In A Row
The Federal Reserve lowered the federal funds rate for a second consecutive time on Thursday.
Read More Fed Cuts Interest Rates Again, Fed Chair Powell Says He Won’t Resign
The U.S. Federal Reserve will cut the federal funds rate by 25 basis points in both November and December.
Read More Fed to cut rates by 25bps in Nov and Dec, approach neutral level sooner
Import prices dropped by the most in eight months in August, suggesting that domestic inflation will continue to subside in the months ahead.
Read More US import prices post largest drop in eight months