The US Federal Reserve raised interest rates by 25bps to 3.75%-4% in the first hike under chair Kevin Warsh, citing persistent inflation and a strengthening economy while emphasizing cautious future decisions.

The rate of U.S. inflation is primed to top 4% for the first time in three years — and the negative repercussions are likely to be felt for the rest of the year. Gone is any chance of the Federal Reserve cutting interest rates soon, for one thing.

Market-implied expectations for future inflation were little changed despite a milder-than-expected monthly core reading from December's CPI report on Wednesday — indicating that concerns about the outlook remain. The 5-year breakeven rate held steady at ...

As CPI inflation stays steady at both the headline and core levels for February, at any other time the release would be no news. But with a war underway, the focus is not on what has happened but on what's coming. Higher prices in March are a given, going ...

Artificial intelligence (AI) isn’t always right about everything. It can shift from annoyingly condescending to being your greatest “yes-man,” depending on the platform you choose. Plus, it’s still prone to hallucinations, although it’s improving ...

With less than a half-hour to go before the release of Friday's delayed PCE inflation report for September, market-implied expectations for average price gains over the next five years were rising. The so-called 5-year breakeven inflation rate, a key gauge ...

The U.S. commercial banking system has more than $3.3 trillion in cash assets. Although the Federal Reserve has been working to reduce the size of its securities portfolio for more than 2 1/2 years, liquidity is still very plentiful within the financial system