The Latest Breaking News from Jerome Powell

Annual inflation cooled in January for the seventh month in a row. But price increases accelerated between December and January, fueled by rising shelter, food and gasoline prices.

Falling prices are welcome news, but latest reading is still far higher than the Federal Reserve’s annual target rate of 2% inflation

U.S. inflation likely slowed again last month in the latest sign that consumer price increases are becoming less of a burden on America’s households

“I think the consensus has become substantially too complacent about inflation,” the former Treasury Secretary told Bloomberg Friday.

How will the US Federal Reserve wage its battle with inflation — by keeping interest rates elevated for longer, or by taking them even higher? Investors are fixated on this question, which has vast implications for bonds, stocks and the entire economy.

Asian stock markets are lower ahead of a U.S. inflation update that traders worry might lead to more interest rate hikes

Despite the cooling down of inflation, the January job surge might prompt the Fed to raise interest rates higher than expected by the end of the year. And progressive rate hikes could push the economy into a recession. Amid growing recession fears, investors could consider buying fundamentally strong stocks Walmart…

The CEO of the world’s most valuable bank, JPMorgan, warns pricing pressure may prove stickier than many investors believe.

Canadian e-commerce major Shopify’s (SHOP) shares have gained more than 40% this year on the news of hiking prices for its plans. With inflation remaining high and the Fed open to raising interest rates beyond its predicted range, is the stock a buy now? Read on to learn our view….

Despite eased inflation, the robust jobs report raised the prospect of progressive rate hikes. With anxiety escalating about the possibility of a Fed-induced recession, the market volatility is expected to remain elevated in the near future. Hence, investors could consider fundamentally sound and stable stocks Novartis (NVS), Descartes Systems (DSGX),…

Despite showing signs of cooling, inflation is still well above the Fed’s 2% target. Moreover, January’s strong jobs report may encourage the Fed to raise interest rates even further, keeping the stock market highly volatile in the near term. Amid an uncertain macro environment, it could be wise to buy…