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Browse our complete collection of financial news and analysis
Browse our complete collection of financial news and analysis
Browse our complete collection of financial news and analysis
Durable goods orders declined due to weaker transportation demand, but underlying business investment stayed firm, while housing activity improved, and industrial production strengthened.
Incoming Fed Chair Kevin Warsh signals a break from Powell's playbook, favoring trimmed inflation gauges, balance sheet reduction, and rate cuts, but faces internal resistance, political scrutiny, and market skepticism over his independence.
April PCE inflation came in hotter than the Fed would like, accelerating to a 3-year high, first-quarter growth was revised lower, and the labor market held firm, cementing the case for a pause at the June meeting.