The Latest Breaking News from Inflation

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Presidents are “not permitted under the law” to fire Federal Reserve chair or demote governors, Powell insists

The biggest uncertainty – for shares, inflation and rates – is whether the president-elect acts on promises such as hefty tariffs, and how soon

The US Federal Reserve is widely expected to cut interest rates by a quarter point Thursday, looking beyond the election results to continue easing borrowing costs on the back of cooling inflation.

Shares have fallen in Asia after U.S. stocks stormed to records as investors made bets on what Donald Trump’s return to the White House will mean for the economy and the world

Donald Trump's US election victory was, at least in part, down to his success in pinning the blame for a post-pandemic inflationary surge on the Biden-Harris administration.

The dollar index (DXY00 ) Wednesday rallied sharply to a 4-month high and finished up by +1.58%. The dollar soared Wednesday after Republican candidate Trump won the US presidential election. There is concern that Trump’s low tax and high tariff policies will boost inflation and slow the pace of Fed...

The December Fed meeting caps off a memorable year for the FOMC, as the group began cutting rates in the fall.

The re-election of Donald Trump as US president could have "adverse implications" for the Australian economy but it has not changed the RBA's view on inflation.