Federal Reserve news
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Alan Greenspan, longtime Federal Reserve chairman, dies at 100
Greenspan led the U.S. central bank from 1987 to 2006, becoming a symbol of 1990s prosperity and a target of criticism after the financial crisis
Trump’s trust gives Kevin Warsh room to reshape the Fed
Markets expect the new Fed chair to hold rates steady Wednesday, but his bigger test is whether he can build support for longer-term changes inside the central bank
Wholesale prices jump 1.1% in May as energy costs surge
The producer price index rose faster than economists expected, lifting annual wholesale inflation to 6.5%, its highest rate since November 2022
U.S. inflation rose to 4.2% in May, highest in three years
The consumer price index matched forecasts as energy prices jumped, while core inflation came in softer on a monthly basis
Job openings jump to 7.6 million, highest since May 2024
April’s JOLTS report showed stronger demand for workers but slower actual hiring, reinforcing a labor market with limited churn
Core PCE inflation rose 3.3% in April, matching forecasts
The Fed’s preferred inflation gauge showed softer monthly core price growth, but headline inflation still reached 3.8% from a year earlier
Fed’s preferred inflation gauge rises to nearly three-year high under Warsh
The April PCE report showed inflation running at a 3.8% annual rate, adding pressure on the new Fed chief as energy costs climb and rate-cut hopes fade
Forecasters see inflation surge worsening in coming months
The Philadelphia Fed’s Survey of Professional Forecasters sharply raised inflation estimates after April price data showed consumer and wholesale prices at multiyear highs
Silver slides as inflation fears hit bonds, stocks and metals
Global yields rose Friday, with the U.S. 10-year Treasury near a one-year high, as investors weighed energy risks, geopolitics and fading hopes for rate cuts
Bond market pushes for tighter Fed stance as Warsh takes over
Ed Yardeni says the 2-year Treasury yield is flashing concern that rates are too low to contain inflation, while Treasury Secretary Scott Bessent argues the latest price surge should fade