Powell says Fed has made ‘quite a bit of progress’ on inflation but needs more confidence before cutting
"We've made quite a bit of progress and in bringing inflation back down to our target," Powell said at a central banking forum on Sintra,...
Watch Fed Chair Powell, ECB’s Lagarde speak live at central bank policy forum
Federal Reserve Chairman Jerome Powell joins a panel including his global counterparts Tuesday at a European Central Bank forum.
Euro zone inflation eases to 2.5% as core print misses estimate
Economists polled by Reuters expected the headline rate to come in at 2.5%.
A new index is using AI tools to measure U.S. economic growth in a broader way
The Zeta Economic Index, launched Monday, uses generative artificial intelligence to analyze what its developers call "trillions of behavioral signals."
Financial crimes watchdog removes Turkey from money laundering ‘gray list’
The FATF had previously found Turkish sectors like banking and property vulnerable to illicit financing of groups like the Islamic State and al-Qaeda.
Key Fed measure shows inflation rose 2.6% in May from a year ago, as expected
The core personal consumption expenditures price index was expected to increase 0.1% in May and 2.6% from a year ago.
Western clothing craze sends sales of denim dresses and skirts soaring, Levi Strauss says
The 171-year-old jeans maker said sales of denim skirts, pantsuits and dresses are double last year's rate.
There’s a big Fed inflation reading coming Friday. Here’s what to expect
There could be some pretty good inflation news on the way from the Commerce Department when it releases a key economic report Friday.
Trade feuds aside, Chinese firms are committed to the U.S. market, survey shows
A survey of Chinese enterprises in the U.S. has found that a majority remain bullish on the market long-term despite concerns about U.S.-China relations.