WASHINGTON (Reuters) -Fed Chair Jerome Powell used the central bank's annual Wyoming research conference to promise inflation ...

Last week, Bessent said in a Bloomberg interview that the Fed should cut interest rates by 1.50-1.75 percentage points from ...

U.S. Treasury Secretary Scott Bessent said he isn’t calling for a series of interest-rate cuts from the Federal Reserve, just ...

Adjusted for inflation, economists estimated that core retail sales increased 0.3% in July, marking a decent start to the ...

Crypto market drops $133B in 24 hours after US PPI data and Scott Bessent’s Bitcoin remarks. BTC, ETH, SOL, and XRP see sharp declines.

Fed officials also disagree on how tariffs will affect inflation going forward. Many increasingly believe the duties will ...

Fed cuts would immediately make borrowing cheaper on credit cards and auto loans, since those products are based on the short ...

Speaking Thursday on Fox Business, Scott Bessent, Treasury Secretary under President Donald Trump, made it clear that the ...

Bitcoin slipped after rising producer prices blunted rate-cut hopes and a Trump official said the U.S. wouldn't start ...

The U.S. dollar rose across the board on Thursday as data showed U.S. producer prices increased more than expected in July ...

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The Federal Reserve is poised to lower interest rates in September. But signs of stickier inflation could limit how much ...