President Biden's big-spending ways have ensured that the nation's initial progress in inflation reduction is flattening out, keeping inflation rates higher than Federal Reserve Bank officials prefer.
Spot gold rose 0.1% to $2,640.77 an ounce, while gold futures expiring in February rose 0.2% to $2,663.66 an ounce by 23:16 ET (04:16 GMT). The yellow metal was pressured by strength in the dollar, as ...
The US appears on track to hit its long-term target of 2-percent inflation despite a recent uptick, three Federal Reserve (Fed) officials said Monday, with one indicating tentative support for another ...