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Federal Reserve Bank of Chicago President Austan Goolsbee said officials have to address elevated inflation, calling the October report on consumer prices disturbing....
Gold maintained losses after a high US inflation print and hawkish remarks from Federal Reserve officials reinforced bets for an interest rate hike in December....
Diane Swonk said inflation data running hotter than expected for a third consecutive month showed broad price increases across goods and services, including hotels, airfares, furniture and entertainment; used-car prices were a notable exception. She expects the PCE measure to show even hotter underlying services inflation and said a half-point Fed hike could be considered to bolster the central bank's credibility. Swonk speaks with Vonnie Quinn & Jess Menton on "The Close." (Source: Bloomberg)...
Fed Governor Christopher Waller says a 50-basis-point hike should be considered after hotter October CPI, while Lorie Logan signals more rate increases ahead....
Are your savings in an account that pays 4.5% or more? If the answer is yes, give yourself a pat on the back. If it's no, then it's time to take action....
WASHINGTON (dpa-AFX) - The U.S. Dollar value moved higher on Tuesday with heightening expectations of an interest rate hike by the U.S. Federal Reserve following the release of U.S. inflation data......
WASHINGTON (dpa-AFX) - Stocks moved mostly lower during trading on Tuesday giving back ground following the substantial rally seen to start the week. The major averages all moved to the downside, ......