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–The U.S. Bureau of Labor Statistics released inflation numbers for August Thursday, revealing an 0.4% increase in consumer prices that exceeded projections of 0.3%. The annual inflation rate, from August 2024 to August 2025, rose to 2.9%. It also comes about three weeks after Fed Chair Jerome Powell indicated at an economic symposium that the central bank was…

Consumer inflation increased by more than expected in August and more Americans were out of work, according to data released by the U.S. Bureau of Labor Statistics on Thursday. The numbers are likely to impact the next decisions made by the Federal Reserve, which is meeting next week in a two-day gathering of the Federal Open Market Committee, or FOMC, the monetary…

The average rate on a 30- year U.S. mortgage fell this week to its lowest level in nearly a year, reflecting a pullback in Treasury yields ahead of an expected interest rate cut from the Federal Reserve next week. The long-term rate eased to 6.35% from 6.5% last week, mortgage buyer Freddie Mac said Thursday. While the Fed doesn’ t set mortgage rates, its actions can…

Crypto asset investment products saw heavy net outflows last week, totaling $352 million, as hopes of the Federal Reserve’s rate cut failed to improve market confidence. Ethereum products faced the steepest losses, with $912 million in outflows. Meanwhile, Bitcoin attracted investor interest, pulling in $524 million. Major players in the crypto industry, such as Circle Internet Group Inc. […]

—Wall Street’ s record-setting run kept rolling on Thursday, and stocks climbed after a mixed set of U.S. data kept the path clear for the Federal Reserve to cut interest rates in order to boost the economy. Treasury yields eased in the bond market following the economic reports, which were some of the final data releases left that could sway the Federal Reserve’ s…

-President Donald Trump's legal team appealed a federal judge's ruling that temporarily blocked his attempt to fire Federal Reserve Board of Governors member Lisa Cook. District Judge Jia Cobb's ruling prevents the Federal Reserve and Trump from removing Cook or getting in her way. That came after Federal Housing Finance Agency Director William Pulte…

The focus in Europe has shifted to the fiscal crisis in France and any possible role for the ECB in containing potential market turmoil that could erupt from the country’ s out-of-control deficit and political logjam. The ECB is standing pat on interest rates even as the US Federal Reserve has held the door open for a possible cut at its Sept. 17 meeting.

The 13- to-11 party-line vote puts Stephen Miran, the chairman of the White House Council of Economic Advisers, on track for confirmation as Mr. Trump tries to reshape the central bank to his liking. If Mr. Miran were confirmed and Ms. Cook replaced, it would give the White House a Trump-appointed majority on the Fed board while it urges the central bank to lower…

Auto insurance rates are stabilizing in 2025: Here's how to save. Between 2022 and 2023, the Bureau of Labor Statistics reported that motor vehicle insurance costs jumped 20.3%, the biggest hike in over a decade. But from the end of July 2024 to the end of July 2025, the increase was 5.3%.

—President Donald Trump's goal of appointing a majority of the Federal Reserve's board of governors faced a setback late Tuesday when a court blocked his unprecedented attempt to fire Lisa Cook. On Wednesday, Trump got one step closer to reaching a majority when the Senate Banking Committee approved the president's nomination of Stephen Miran, one of his top…

President Donald Trump's legal team appealed a federal judge's ruling that temporarily blocked his attempt to fire Federal Reserve Board of Governors member Lisa Cook. District Judge Jia Cobb's ruling prevents the Federal Reserve and Trump from removing Cook or getting in her way. That came after Federal Housing Finance Agency Director William Pulte…

Mark R. Warner, a senior member of the Senate BankingCommittee, released the following statement ahead of a scheduled committee vote on the nomination of Stephen Miran to the Federal Reserve Board of Governors:. "The Federal Reserve was designed to make decisions free from political interference, guided by data and the long-term stability of our economy, not the…

—President Donald Trump's administration on Wednesday appealed a ruling blocking him from firing Federal Reserve Gov. Lisa Cook as he seeks more control over the traditionally independent board. The White House has insisted Trump, a Republican, has the right to fire Cook over over allegations raised by one of his appointees that she committed mortgage fraud…

—A Senate committee on Wednesday approved the nomination of White House economic adviser Stephen Miran to the Fed's board of governors, setting up a likely approval by the full Senate, which would make Miran the third Trump appointee to the seven-member board. The White House has pushed for an expedited Senate approval of Miran, who was nominated by President…

Federal Reserve Governor Lisa Cook can remain in her position while she fights President Donald Trump’ s efforts to fire her. The ruling Tuesday by a federal judge, which almost certainly will be appealed, is a blow to the Trump administration’ s efforts to assert more control over the U.S. central bank, which is traditionally independent from day-to-day politics…

The following information was released by the California Public Employees' Retirement System:. The California Public Employees' Retirement System today announced that Prashant Yerramalli has been named special advisor to the nation's largest public pension fund. Yerramalli has decades of public and private legal experience in investment management…