“When you buy apples, when you buy bacon, when you buy eggs, they would double and triple the price over a short period of time,” he told NBC’s “Meet the Press. “And I won an election ...

The Federal Reserve kept its key interest rate unchanged as officials grappled with uncertainty caused by inflation and President Trump's plans.

After three cuts at the end of last year, Federal Reserve officials paused rate moves as they weigh a solid economy and rising inflation risks. Jerome H. Powell, the Fed chair, said the central bank was not on a “pre-set course.

The central bank’s decision to pause at its first meeting of 2025 followed a series of cuts that began in September to account for progress already made on getting inflation down. Over the course of three meetings, the Fed lowered rates by a full percentage point to a range of 4.25 percent to 4.5 percent, which was maintained on Wednesday.

Inflation was a driving force behind Donald Trump’s election, but he’s put the issue on the back burner during his first week in office.

Inflation was a driving force behind Donald ... triple the price over a short period of time,” he told NBC’s “Meet the Press. “And I won an election based on that. We’re going to bring ...

President Donald Trump holds up an executive order after signing it. Photo: Getty Images Two months ago, in his first network television interview after the election, Donald Trump said he owed his ...

The Federal Reserve is expected to maintain interest rates at 425-450 basis points on January 29, supporting a continued stock market rally. Read more here.

The US financial markets have recovered somewhat after being decimated by the emergence of a new Chinese AI app, and today's inflation data may finally put us on track for an interest rate cut.

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Two months ago, in his first network television interview after the election, Donald Trump said he owed his victory to Americans’ anger over immigration and inflation, specifically the rising cost of groceries.

President Trump has called for an immediate interest rate cut, but the Federal Reserve may delay further cuts due to inflation concerns.