Fed chair Powell's investigation pushback is working Several Congressional Republicans said that whatever disagreements they may have with Federal Reserve chair Jerome Powell, he isn't a crook. Axios · Jan 13
CPI Report Shows Inflation Stuck at 2.7% as Americans End 2025 Feeling Squeezed The latest Consumer Price Index shows inflation holding steady at 2.7% in December, capping a year in which many Americans continued to feel the strain of elevated living costs. International Business Times UK · Jan 13
House Speaker Mike Johnson dodges as Trump DOJ targets the Federal Reserve chairman Jerome Powell Mike Johnson says ‘all of us need to reserve judgment’ on the investigation into Federal Reserve Chair Jerome Powell The Independent UK · Jan 13
Stock Indexes Slip as the Magnificent Seven Technology Stocks Retreat The S&P 500 Index ($SPX ) (SPY ) is down -0.21%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.55%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.26%. March E-mini S&P futures (ESH26 ) are down -0.22%, and March E-mini Nasdaq futures (NQH26... Barchart · Jan 13
Dollar Gains on Yen Weakness and Hawkish Fed Comments The dollar index (DXY00 ) today is up by +0.23%. Weakness in the yen is underpinning the dollar as the yen tumbled to a 1.5-year low against the dollar today. Gains in the dollar accelerated today after US Oct new home sales fell less than expected and after St. Louis... Barchart · Jan 13
ICE Employee Attempts to Avoid Arrest by Saying He's ICE After Allegedly Seeking Sex With Minors An ICE auditor in Minnesota was arrested during Operation Creep for allegedly attempting to meet a minor, claiming his federal role to avoid detention. International Business Times UK · Jan 13
Stocks Little Changed Despite a Fed-Friendly US Core CPI Report The S&P 500 Index ($SPX ) (SPY ) is down -0.02%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.36%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.09%. March E-mini S&P futures (ESH26 ) are down -0.03%, and March E-mini Nasdaq futures (NQH26... Barchart · Jan 13
The December CPI Report Is Out. Here's What It Means for the Fed's Next Move The December CPI report came in lighter than expected, but housing costs remain an overhang. Kiplinger · Jan 13
US inflation held firm in December amid pressure on Trump over cost of living Consumer price index rose 2.7% in year to December, in line with November, as president feuds with Fed over rate cuts The Guardian - US · Jan 13
Why 2026 Might Be Your Year to Buy a New House Slowing inflation, Fed cuts, and dropping mortgage rates mean housing prices are more competitive and affordable in 2026 than they've been throughout the 2020s. GOBankingRates · Jan 13
Is Powell’s Fed head independence dead? Trump outfoxes himself this time Even Trump’s own Treasury Secretary, Scott Bessent, challenged Trump on his “revenge probe” of Powell. Fortune · Jan 13
The world's most powerful central bankers are rallying behind Jerome Powell It's a rare and significant global show of force backing the Fed chair. Axios · Jan 13
Wall Street is expecting Trump's Fed plot to 'backfire' spectacularly—perhaps even shutting the door more firmly on rate cuts "Any nominee from U.S. President Trump is likely to have to place additional emphasis on their independence to try and prove they are above politics." Fortune · Jan 13
Trump threatens to revoke citizenship of naturalized immigrants convicted of fraud - as it happened This live blog is now closed. The Guardian - US · Jan 13
Evening Standard · Jan 13 Bank of England governor in extraordinary clash with Donald Trump over future of America's top banker Andrew Bailey signs statement with other central bankers backing US Federal Reserve chairman Jerome Powell
The Independent UK · Jan 13 Top central bankers express 'full solidarity' with Fed Chair Powell in clash with Trump Eleven central bankers from around the world have expressed full support for U.S. Federal Reserve Chair Jerome Powell
The Independent UK · Jan 13 China urges Canada to break from US influence as PM Carney visits Beijing China is hoping President Trump's economic and military actions against other countries will weaken the U.S.-Canada relationship
Barchart · Jan 13 S&P Futures Muted as Investors Weigh JPMorgan Earnings, U.S. Inflation Data in Focus March S&P 500 E-Mini futures (ESH26) are trending down -0.08% this morning as investors digest an earnings report from JPMorgan Chase, the nation’s largest bank by assets, with the focus now turning to key U.S. inflation data.
Evening Standard · Jan 13 Global central banks show ‘full solidarity’ to US Fed chairman after threats Bank of England governor Andrew Bailey was among the 11 central bank leaders to sign the statement of support.
The Guardian - US · Jan 13 Jerome Powell: steely Fed chair standing firm in face of Trump’s threats Highly respected figure has cast off restrained approach in defending central bank from escalating attacks
The Guardian - US · Jan 13 The Jerome Powell investigation shows Trump’s need for limitless power The inquiry into the Federal Reserve chair sends a message to anyone standing in Trump’s way – including the supreme court
The Guardian - UK · Jan 13 Global central banks offer ‘full solidarity’ to US Fed’s Powell amid Trump threats Ten governors including Bank of England’s Andrew Bailey and ECB’s Christine Lagarde say independence is critical
The Independent UK · Jan 13 ‘Agent of chaos’ Bill Pulte and Jeanine Pirro behind DOJ investigation of Fed Chair Jerome Powell, report claims Chairman has dismissed probe as a political attack brought about because he refuses to lower interest rates in line with ‘the preferences of the president’
The Independent UK · Jan 13 Consumer prices likely stayed elevated in December as data recovers from shutdown Inflation likely remained elevated last month as the cost of electricity, groceries, and clothing may have jumped and continued to pressure consumers’ wallets
The Independent UK · Jan 13 Bessent unhappy with Justice Department’s criminal probe into Jerome Powell: report Scott Bessent believes the Department of Justice has ‘made a mess’ with its unprecedented investigation into the Fed chair, according to insiders