US inflation falls 0.1% in June from prior month
US inflation cools again, potentially paving way for Fed to cut interest rates soon
fed
![US inflation falls 0.1% in June from prior month]()
US inflation edges down to 3.1% in November
Data may bolster Fed’s resolve to hold interest rates steady throughout the spring
![US inflation edges down to 3.1% in November]()
Surging inflation clears way for biggest Fed hike in years
More than a year later, price increases at 40-year peaks have come to be anything but, so much so that the Fed this week appears ready to hike interest rates by the most since 1994 to quell them. Biden, meanwhile, is paying the political price for being the face Americans blame for $5 a gallon gas and 10% price increases for eggs.
![Surging inflation clears way for biggest Fed hike in years]()
US stocks rise after Biden taps Powell for a new Fed term
Markets were reassured after President Joe Biden said he would nominate Jerome Powell for a second four-year term at the helm of the Federal Reserve, a vote of confidence in Powell’s handling of central bank policies during the brutal disruptions caused by the coronavirus pandemic.
![US stocks rise after Biden taps Powell for a new Fed term]()
Fed mounts aggressive new steps to combat coronavirus hit to economy
The Federal Reserve has stunned the markets by pledging to inject as much money into the economy as needed, and to prop up the credit market too. It’s a massive moment, says AXA’s chief economist Gilles Moec.
![Fed mounts aggressive new steps to combat coronavirus hit to economy]()
