The Latest Breaking News from Inflation

Nearly every country in the world has a central bank – a public institution that manages a country’s currency and its monetary policy. And these banks have an extraordinary amount of power. By controlling the flow of money and credit in a country, they can affect economic growth, inflation, employment…

Investors are also eyeing developments at the Federal Reserve as Trump hit out at boss Jerome Powell, who warned the sweeping tariffs were "highly likely to generate at least a temporary rise in inflation".

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.