Traders see another rate in December as likely after consumer and wholesale inflation this week were in line with expectations.
Inflation accelerated slightly for the month of October, sparking concern the Fed could pause its interest rate-cutting cycle in January.
Inflation was in-line with expectations, leading investors to solidify bets for another quarter-point Fed rate cut in December.
October's consumer price index was expected to show inflation heating up at a 2.6% rate.
With expectations for rates to stay high, and slim Republican majorities in Congress, Trump's policies might not pump up business activity as expected.
The interest rate on my high-yield savings account has dropped from 4.6% to 4.2%. I asked experts how to get more yield on my cash.
Some of Trump's policies could lead to stagflation, which involves soaring inflation, high interest rates, and rising unemployment, Roubini said.
The five-day post-election rally wavered on Tuesday morning as investors awaited fresh inflation data.
Three executives have publicly said they'd raise prices for consumers if Trump enacts his proposed tariffs.
Prices of potatoes — a Russian staple — have surged by 64% this year.
October's CPI report will be released on Wednesday. The Trump trade continued to rally in the new week, with bitcoin reaching a record and Tesla surging.
Trump has made tariffs on China one of his biggest priorities, and Wall Street is bracing for impact. Watch out for these blue chip names.
Many Americans are hoarding cash as they worry about higher costs of living. It might not be the best move for financial well-being.
Trump's campaign promises of broad-based tariffs, mass deportations, and lower taxes could fuel a new era of inflation in the US.
At a pivotal economic forum, leading figures in Russia's economy said to expect lower growth and investment delays due to funding issues.
Incumbent governments have lost ground in Britain, France, Japan, India, and elsewhere this year, setting the stage for Donald Trump's victory.
Donald Trump gained support in some states that saw declines in real wage growth, higher costs of living, and higher unemployment.
Two days after Donald Trump won the presidential election, the Federal Reserve announced a 25-basis-point interest-rate cut.
Trump's plans for tariffs could stoke inflation and make the Fed's interest-rate decisions more complicated.
Companies are already preparing to raise prices to account for Trump's proposed tariffs on imports. Inflation could signal more interest rate hikes.