Breaking News: Economy
- December core consumer prices rose at a 2.6% annual rate, less than expected - EconomyDecember core consumer prices rose at a 2.6% annual rate, less than expectedPublished Tue, Jan 13 20268:31 AM ESTUpdated 3 Min AgoJeff Cox@jeff.cox.7528@
- Global central bankers unite in defense of Fed Chair Jerome Powell - Global central bankers issued a statement Tuesday defending U.S. Federal Reserve Chair Jerome Powell following the launch of a criminal investigation into the central bank chief.
- Yellen says Powell probe 'extremely chilling' for Fed independence, market should be concerned - Former Fed Chair Janet Yellen spoke Monday to CNBC about a Department of Justice investigation into current Chair Jerome Powell.
- Republican Sen. Thom Tillis vows to block Trump's Fed nominees following Powell probe - Trump will face an important obstacle — from within his own party — as he seeks to replace Federal Reserve Chair Jerome Powell.
- Banks including Citi, JPMorgan slide after Trump calls for credit card interest rate limit - Posting on Truth Social, Trump said said he would "no longer let the American Public be 'ripped off' by Credit Card Companies."
- We're in a 'hiring recession,' economist says — how job seekers can stand out - The job market flatlined in 2025. The first half of this year is expected to bring more of the same, economists said.
- Trump revealed some of Friday's jobs data early in post the prior day - The president indicated that private sector payrolls had expanded by 654,000, a total that would have included Friday's jobs count for December.
- U.S. payrolls rose 50,000 in December, less than expected; unemployment rate at 4.4% - Nonfarm payrolls were expected to rise by 73,000 in December as the unemployment rate moved lower to 4.5%.
- Trump instructs 'representatives' to buy $200 billion in mortgage bonds, aiming to lower rates - President Donald Trump said he is "instructing my Representatives" to buy $200 billion in mortgage bonds.
- Trade deficit in October hits smallest since 2009 after Trump's tariff moves - The trade shortfall was just $29.4 billion for October, down 39% from the prior month.