News

Fed Chair Powell says 75 bps or 50 bps hike is likely in July, setting a "flexibly hawkish" tone for near-future rate policy.

The Rise & Shine Act has cleared the HELP Committee, bringing a SECURE Act 2.0 package a step closer.

The producer price index for final demand increased 0.8% from April, and 10.8% from a year earlier, Labor Department data showed.

U.S. Treasury does not designate any trading partners as manipulators but will work with Switzerland to address FX disparities.

New oversight of bankers' salaries might make it harder for global banks to attract talent in the country.

Price pressures are becoming entrenched in the economy, which will likely push the Federal Reserve to raise interest rates even more aggressively.

"I've never seen inventory surges like this in my career, and I've been around for a long time," said Cathie Wood, the head of Ark Investment Management.

The goal is to make the tariffs more strategic, but reducing tariffs on imports might also help with inflation.