October Inflation Surge Forces Fed Rate Hike Consideration

Hotter-than-expected inflation will likely cause the Fed to hike rates by 25 bps in December, and they may not be done there, says Oscar Muñoz, Head of US Economics with TD Securities.

Jensen Huang resigned as Nvidia CEO days after admitting to an affair following scrutiny of his relationship with a woman reportedly deemed a Chinese spy.

A growing number of Federal Reserve officials say the AI boom may mean higher interest rates for longer. Fed Chair Kevin Warsh has been slower to agree, arguing that AI would help tame prices.

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The Federal Reserve's (Fed's) October decision to hold the federal funds rate steady reflects a more patient approach to dealing with inflation.

Fed's Goolsbee warns inflation is at a precarious moment as Daly and Williams back more tightening, while officials debate the pace of future rate hikes.

Fed's Williams says central bank has 'work to do' to get inflation back on target

The Federal Reserve is preparing its next move to fight inflation, but it could push young Americans even farther out of the wealth race.

By Ann Saphir STANFORD, California Nov 12 (Reuters) - The Federal Reserve will likely need to raise interest rates further to deal with elevated inflation, San Francisco Fed President Mary Daly said …