02:11 PM EST, 01/31/2025 (MT Newswires) -- Fed Governor Michelle Bowman (voter) repeated that she favors a cautious and gradual approach to monetary policy adjustments going forward, noting that inflation remains elevated and that the current stance of policy appears to not be exerting real restraint on the economy. Recent comments of note: (Jan. 29) The FOMC maintained the range...

WASHINGTON (Reuters) - U.S. inflation increased by the most in eight months in December amid robust consumer spending on goods and services, suggesting the Federal Reserve would probably be in no hurry to resume cutting interest rates soon. While the report from the Commerce Department on Friday showed a modest gain in prices excluding the volatile food and energy components...

02:08 PM EST, 01/31/2025 (MT Newswires) -- Personal income was up 0.4% in December, as expected, lifted by a 0.4% gain in wage and salaries and increases in the other income categories. Personal consumption expenditures increased 0.7% in December after a 0.6% gain in November with solid gains in both goods and services spending. After an adjustment for a 0.3%...

CHICAGO (Reuters) - U.S. President Donald Trump is planning to impose 25% tariffs on imports from Mexico and Canada and has threatened duties on goods from other nations, sparking concerns of trade retaliation from countries that import U.S. agricultural goods. U.S. consumers could see prices rise for foodstuffs, from meat and dairy products to avocados and fresh fruits and vegetables...