By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Chair Jerome Powell on Wednesday pushed back against reports the central bank was spending money excessively on renovations, saying that the almost 90-year-old headquarters “was not really safe,” while acknowledging cost overruns. “The media reports … are misleading and inaccurate in many, many respects,” Powell said…
Recession risks are rising as economic signals weaken and inflation pressures persist, creating a tough balancing act for the Federal Reserve. Roth Capital Partners chief economist and macro strategist Michael Darda joins Market Domination to discuss why he sees a 50/50 chance of recession in 2025 and how recent disruptions have complicated the Federal Reserve’s…
The US stock market has whipsawed this week over mounting concerns of an economic downturn, as president Donald Trump’s trade war escalates. Wall Street witnessed a selloff at the start of the week, after Trump declined to rule out the possibility that the US economy could dip into a recession this year, in an interview…
January’s Consumer Price Index (CPI) will serve as the latest test of whether inflation pressures have eased as investors debate if and when the Federal Reserve will cut interest rates in 2025. The report, set for release at 8:30 a.m. ET on Wednesday, is expected to show headline inflation of 2.9%, matching the annual gain…