The Consumer Price Index rose 0.3% in April after rising 0.4% the previous month, and increased 3.4% over the past year, the Labor Department said today. Year-on-year core CPI—which excludes more volatile food and especially energy prices—posted a 3.6% gain. The energy index increased 2.6% while the food index increased 2.2%.
The FOMC announced that it will hold the target range for the federal funds rate at 4.25%-4.5%. However, Governors Michelle Bowman and Christopher Waller voted against the policy, instead preferring to lower the target range by 0.25 percent.
A federal court granted a stay in a lawsuit challenging the CFPB’s financial data sharing rule after the bureau requested time to work on a replacement, but it left in place the deadlines for complying with the current...
The FDIC released guidance with steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of New Mexico and West Virginia recently affected by severe storms and flooding.
Pending home sales fell 0.8% in June from the prior month, the National Association of Realtors said. Year over year, pending transactions were down 2.8%.
A growing number of states have enacted or are considering new regulations on cryptocurrency ATMs to crack down on fraud involving the machines, according to AARP.
Real gross domestic product (GDP) increased at an annual rate of 3% in the second quarter of 2025, according to the advanced estimate released by the U.S. Bureau of Economic Analysis. In the first quarter, real GDP decreased...
