The Latest Breaking News from Inflation

The US stock market bounced back after declining for weeks after the US Fed forecast two rates cuts this year despite concerns of high inflation, unemployment, and a slump in consumer spending.

Federal Reserve Chair Jerome Powell laid the blame for lingering inflation at Trump's feet

Officials raise inflation forecast to 2.7% this year, as Fed chair Jerome Powell says uncertainty is ‘remarkably high’

Cost of document will increase by more than twice the rate of inflation

U.S. stock indexes are rising as Wall Street waits to hear what the Federal Reserve will say about where interest rates may be heading

Eurozone inflation eased to 2.3% in February, with core inflation at 2.6%, its lowest since January 2022. France had the lowest rate (0.9%), Hungary the highest (5.7%). The euro slipped ahead of Wednesday’s Fed meeting.

Analysts are expecting the FOMC to push back their "normalization" base rate cuts amid economic uncertainty, as Jerome Powell takes a step back from any action despite pressure from Donald Trump.

For the first time ever, the price of gold has surpassed the $3,000-per-ounce threshold. Driven by escalating tensions in the Middle East, persistent trade fears, and a weakening U.S. dollar. Investors globally have sought refuge in gold as a safe-haven asset, causing prices to soar by over 15% this year.

The US Federal Reserve is widely expected to extend its rate cut pause on Wednesday as it seeks to chart a path through the economic turbulence unleashed by President Donald Trump's on-again, off- again approach to tariffs.