The Latest Breaking News from Inflation

Surging US tariffs will weaken the global economy and push up inflation this year, according to the International Monetary Fund.

Economists predict that the ECB will continue its rate-cutting cycle as global trade tensions rise and eurozone growth slows. Markets expect up to 75 basis points of easing by September, pushing the deposit rate down to 1.5%.

“If I want him out, he’ll be out of there real fast, believe me," Trump said in the Oval Office to reporters on Thursday.

Rice prices in Japan last month were almost twice what they were a year earlier, official data showed Friday, as core inflation accelerated in the world's number four economy.

Deepfakes have made their unwanted presence known in the election campaign with a viral image of a coalition senator and a retired shock jock.

Jerome Powell's economic warning on Trump's inflationary tariff scheme reignited the pair's feud

Dismal fund manager sentiment comes as Federal Reserve warns of increased inflation and slowing growth due to tariffs

The dollar index (DXY00 ) Thursday finished little changed, up +0.01%. The dollar found support Thursday due to some optimism about US trade talks after President Trump said US negotiators made “big progress” with Japanese officials on a trade deal and expressed confidence that the US would reach a trade...

“The White House’s actions have made it harder for the Fed to cut rates,” said a Columbia Business School professor.

Markets would likely be very spooked if the president could choose to influence monetary policy.

Trump does not have the authority to force Powell to resign. The Fed chair’s term is up in May 2026.