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2025-02-20


St. Louis Fed president Alberto Musalem on Thursday became the latest central bank official to strike a note of caution, airing concerns about inflation amid talk of higher tariffs and changing immigration policies from the Trump administration.

A directive calling for oversight over the central bank’s regulatory and supervisory responsibilities sets off alarm.

(Bloomberg) -- A flood of retail investor cash into the most speculative corners of the stock market should be a warning for US equity bulls, according to Morgan Stanley Investment Management’s Andrew Slimmon. Most Read from BloombergTrump to Halt NY Congestion Pricing by Terminating ApprovalSorry, Kids: Disney’s New York Headquarters Is for Grown-UpsAirbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsChild Migrant Watchdog Gutted in DOGE CutsChicago Council Delays $830 Million Bond Vote

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2025-02-19


Officials are debating when to restart interest rate cuts, as high prices linger and Trump’s policies add to economic uncertainty.

The Federal Reserve on Wednesday released minutes from its January meeting.

The stock market's gains have broadened out to start 2025.

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2025-02-17


The Fed official called for more progress on inflation before the central bank engages in further interest rate cuts.

2025-02-16


Senator Elizabeth Warren said Wednesday that the law clearly states only Congress can shutter the CFPB, setting up a potential legal clash with President Donald Trump after the administration moved to freeze the agency’s operations.

Unaffordable car loans and ballooning credit card debt are leading more people to seek debt relief year-round, not just after the usual holiday spending season.

2025-02-14


Trump is headed for a showdown with bond markets. Bullying won't work.

2025-02-12


The terminations have sowed more confusion at the bureau, as several of those being laid off had already accepted federal buyout offers, said one of the people.

A hotter-than-expected inflation reading makes it much more likely that the Federal Reserve will keep rates on hold for the foreseeable future, reinforcing a cautionary stance from Jerome Powell and other central bank policymakers.

The Consumer Price Index rose 3.0 percent from a year earlier as food and energy prices picked up.

'Making Money' host Charles Payne analyzes recent market moves by Wall Street and retail investors.

2025-02-11


Federal Reserve Chair Jerome Powell offered some new assurances Tuesday about payments routed to the central bank from the Treasury Department, his first comments about the fallout resulting from Elon Musk’s access to a sensitive payments system.

The resignations add further to uncertainty at the CFPB, which has been targeted by trade groups and conservatives for years.

Powell called the economy "strong overall" with a "solid" labor market and inflation that is easing but still above the Fed's 2% goal.

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Fed Chair Jerome Powell told lawmakers Tuesday that the Fed is not in a hurry to adjust interest rates, reiterating a cautious stance as central bank policymakers digest signs of stubborn inflation and policy uncertainties from the new Trump administration.

Powell delivers his semiannual remarks on monetary policy and the economy this week on Capitol Hill.

Jerome H. Powell is set to testify as inflation risks are resurfacing, regulatory changes are in flux and the Federal Reserve’s policy independence is in the spotlight.

2025-02-10


Since the acting director of the Consumer Financial Protection Bureau issued stop-work orders, employees have been trying to decipher exactly what they mean.

2025-02-09


The agency had been one of Wall Street’s most feared regulators, with the power to issue rules on mortgages, credit cards, student loans and other areas affecting Americans’ financial lives.

The order to shutter the agency’s headquarters follows another order issued Saturday by Mr. Vought, who also leads the Office of Management and Budget, telling agency employees to halt nearly all their work.

CFPB employees were told Sunday to work remotely because their Washington, D.C., headquarters would be closed through Feb. 14, according to a memo obtained by CNBC.

2025-02-08


In an email to staff of the Consumer Financial Protection Bureau, the agency’s acting director ordered workers to cease “all supervision and examination activity.”

2025-02-07


The BBC hears from borrowers and savers about how the cut in interest rates will affect them.

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2025-02-06


The stress test changes bolster the case made by Wall Street analysts that U.S. banks will face a friendlier regulatory regime under the Trump administration.

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(Bloomberg) -- Treasury Secretary Scott Bessent said the Trump administration’s focus with regard to bringing down borrowing costs is 10-year Treasury yields, rather than the Federal Reserve’s benchmark short-term interest rate.Most Read from BloombergCitadel to Leave Namesake Chicago Tower as Employees RelocateState Farm Seeks Emergency California Rate Hike After FiresTransportation Memos Favor Places With Higher Birth and Marriage RatesSan Francisco Wants Wealthy Donors to Help Fix Fentanyl Cr

2025-02-03


Yahoo Finance will chronicle the latest news and updates on Trump's tariffs — from the threats to the eventual policy.

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Bessent, a former hedge fund manager, was confirmed as head of the U.S. Treasury last week.

2025-02-01


Rohit Chopra, who led the Consumer Financial Protection Bureau, was known for his aggressive enforcement and expansion of consumer protection laws.

2025-01-31


A fresh reading from the Federal Reserve's preferred inflation gauge showed prices remained sticky in the final month of 2024, likely reinforcing a wait-and-see approach from the central bank.

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The latest reading on the Fed's preferred inflation gauge comes just two days after the central bank paused its interest rate-cutting cycle.

2025-01-29


Powell said 'it's not appropriate' for the Fed chair to respond to Trump's comments.

The Federal Reserve held interest rates steady at its January meeting following three consecutive rate cuts amid uncertainty over inflation and economic conditions.

The Fed’s key rate has a bearing on the sustainability of public borrowing, which is heading to striking levels.

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Here’s how the central bank’s interest rate stance influences car loans, credit cards, mortgages, savings and student loans.

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Investors today will be listening to how Fed Chair Jerome Powell addresses the potential effect that President Donald Trump could have on the future path of monetary policy.

The January Fed meeting might be considered rather pro format, given no one expects a policy change. But there are some interesting and important questions under the surface that investors may get at least some answers to.

The Federal Reserve is set to announce its first interest rate decision of 2025 and with a pause expected, it could prompt President Trump to renew his criticism of the central bank.

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The U.S. central bank is expected to hold interest rates steady as officials weigh a solid economy and rising inflation risks.

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2025-01-28


If virtually every indication so far is accurate, the new leader of the free world is unlikely to get what he wants, at least not yet.

Faced with a solid economy and mounting inflation concerns, the U.S. central bank has said it will “move cautiously” on cutting interest rates.

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2025-01-27


Bessent, a hedge fund manager, becomes the nation’s 79th Treasury secretary. He will lead President Trump’s economic agenda.

2025-01-24


Howard Lutnick disclosed details of complex financial interests, holding at least $800 million in assets.

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2025-01-23


Donald Trump hinted at a coming clash with Federal Reserve Chair Jerome Powell and other central bankers as he spoke virtually before the World Economic Forum, saying he would 'demand' lower interest rates.

It comes after critics warned the plans could prompt wealthy people to leave the UK.

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2025-01-21


The widely-followed investor said reducing the deficit can be achieved through higher taxes, lower spending or a combination of the two.

2025-01-20


"I'd say CEOs are somewhere between relieved and giddy. So we're a believer in animal spirits," Druckenmiller said.

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Traders were likely encouraged by a report that Trump wouldn't immediately install new tariffs on day one.

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2025-01-19


Goldman Sach's top boss talked about how the incoming administration's policies could impact the economy. He focused on how the tone of deregulation could fuel business investment.

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2025-01-17


Payne Capital Management president Ryan Payne gives an update on market savings on 'Varney & Co.'

2025-01-16


The three major averages are on track for modest weekly gains.

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In a CNBC interview, the policymaker said he expects the first cut could come in the first half of the year.

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Investors are looking to more big bank earnings and fresh retail sales data to help keep the rally going.

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(Bloomberg) -- Stocks struggled to make headway after a solid rally, while bond yields dropped on dovish remarks from Federal Reserve Governor Christopher Waller.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyChicago Agency Pitches $1.5 Billion Plan to Fix Transit WoesChurches, Cinemas — and Moon Artifacts — Top List of Endangered MonumentsAs E-Bikes Boom in NYC, Some Call for More RegulationsWill Americans Ever Lose Their Taste for Telework?Wall Street also ke

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Fresh inflation data released Wednesday is likely to keep the Federal Reserve on pause during its next policy meeting this month, even though a new reading did show some signs of easing.

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2025-01-15


The Consumer Price Index rose 2.9 percent from a year earlier, but a measure of underlying inflation was more encouraging.

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2025-01-14


December's Consumer Price Index will serve as the latest test of whether an inflation resurgence is a risk to the US economy as investors debate if and when the Federal Reserve will cut interest rates in 2025.

Financial business leaders converged on the University of Miami to discuss the regulatory and political landscape expected under Trump and the anticipated effect on corporate America.

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(Bloomberg) -- Stocks and bonds saw small moves, with Wall Street traders unwilling to make any significant bets as they await key inflation data for clues on path of Federal Reserve rates over the next few months.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyA Blueprint for Better Bike LanesAs E-Bikes Boom in NYC, Some Call for More RegulationsIn the run-up to Wednesday’s consumer price index, the S&P 500 was little changed after an earlier advance that came

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2025-01-13


Senator Elizabeth Warren is outlining a detailed new list of her concerns with Scott Bessent as President-elect Donald Trump’s choice for Treasury secretary prepares to go on the hot seat this week.

Investors ended 2024 brimming with optimism about US banks. What happens during the start of earnings season this week will put that optimism to a new test in 2025.

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2025-01-10


Jobs growth in the US surged unexpected last month. That's good news for the world's largest economy but could be "punishing" for the UK.

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Fed officials have signaled that it will take more than one weak report to convince them that the labor market is deteriorating.

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2025-01-09


Fed governor Michelle Bowman said she supported a December rate cut as the 'last step' in the central bank's 'policy recalibration,' becoming the latest Fed official to urge caution about the path forward for monetary policy.

Lobbying by banks helped torpedo a major proposal, and a top regulator announced this week that he would step down from a leadership role.

2025-01-08


Stubborn inflation, and potential tariffs, make future rate cuts uncertain.

The Federal Reserve on Wednesday released minutes from its December meeting.

The Biden administration finalized a new rule that will prevent Americans from the harm caused by medical debt, including being coerced by debt collectors to pay bills they do not owe.

2025-01-07


With Barr's resignation, a more precise image of incoming bank deregulation is forming.

President-elect Trump's return to the White House could bring an uptick in mergers and acquisitions, as markets anticipate tax and regulatory reforms that will boost dealmaking.

2025-01-06


Michael Barr oversaw an attempt to rewrite financial regulations that came under attack from a wide range of groups, including banks, lawmakers and even some of his colleagues.

2025-01-04


What We’re Watching in 2025

Jan 4, 2025, 8:00 AM

These big questions will define business and policy in the year ahead.

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2024-12-31


Wall Street strategists see further gains for the S&P 500 in 2025 as a broadening of earnings growth and a resilient US economy continue to drive the bull market rally.

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2024-12-24


A lawsuit is expected this week and could come as soon as Tuesday morning, a person familiar with the matter said.

2024-12-20


The lone dissenter to the Federal Reserve’s rate cut this week said she voted against the move because 'there is more work to do on inflation,' noting that she preferred to pause given the strength of the US economy.

2024-12-19


Some new members of a powerful Federal Reserve committee who are due to gain voting power in January could tip the central bank further in the direction of fewer rate cuts.

Stocks are looking to bounce back from their worst day since the summer.

Stocks are looking to bounce back from their worst day since the summer.

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Stocks are looking to bounce back from their worst day since the summer.

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How the Fed's decision on interest rates affects savings products, various types of loans, and credit cards.

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2024-12-18


Analysts are forecasting rates will stay at 4.75% after inflation rose for the second month in a row.

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The Federal Reserve reduced interest rates by a quarter percentage point Wednesday and scaled back the number of cuts it expects to make next year.

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Investors widely expect the Federal Reserve to cut interest rates Wednesday by a quarter percentage point, but their bigger question is whether the central bank is ready to scale back its expected cuts for 2025.

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Inflation has hit its highest level for eight months, will prices continue to rise at a faster rate?

Federal Reserve officials are widely expected to cut interest rates, but investors will focus on hints about what comes next.

Economists say the faster pace of price rises all but rules out an interest rate cut next week.

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2024-12-17


Investors and executives are often emphasizing what they like in the president-elect’s agenda, while dismissing what they don’t as mere posturing.

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2024-12-16


Trump may be hitting peak popularity among billionaire businesspeople. Here's why.

Rates may not come down as much or as quickly as had been expected, just as Trump — a self-declared “low-rate guy” — returns to the White House.

Investors are betting a final 2024 rate cut this week is a sure thing from the Federal Reserve this week, but the bigger question is whether the central bank is ready to scale back what it expects to do in 2025.

2024-12-13


Fed Chair Jay Powell has taken great pains to avoid politics. But with myriad potential government policies that could affect inflation, the central banker will be forced to once again pay attention not just to the data, but to politics and fiscal policy.

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2024-12-12


The Consumer Financial Protection Bureau (CFPB) said it is limiting banks’ ability to charge overdraft fees, and potentially saving households hundreds of dollars.

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2024-12-11


Wall Street Alliance Group partner Aadil Zaman reveals what will happen to the stock market when the 'sugar high' wears off on 'Making Money.'

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Inflation sped up last month, but the details suggested cooling ahead. Next week, the Fed will makes its final rate decision for 2024.

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Inflation has been cooling notably after peaking in 2022, but in recent months it has shown signs of stalling.

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As another CPI reading is set to show the continued challenge of reeling in inflation, RSM chief economist Joe Brusuelas says that things are different now — and explains what that means.

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2024-12-10


The financial world sees plenty of opportunity in the return of President-elect Donald J. Trump. For now, Wall Streeters are looking past the risks.

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