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Bank regulators ramp up scrutiny of AI use at financial companies
Banking regulators are stepping up scrutiny of how lenders deploy artificial intelligence, pressing firms on everything from data access to risks posed by third-party vendors.
Consumer inflation posts largest increase in three years in May
U.S. consumer inflation increased at its fastest pace in three years in May as the Middle East conflict raised the price of gasoline and other energy products.
Job market notches third straight month of solid growth in May
The economy posted another month of strong employment gains in May, confirming that the labor market was gaining traction after stumbling last year.
Job openings rise by most in 2 years; hiring weak amid economic uncertainty
U.S. job openings increased by the most in two years in April, but the surge likely overstates the labor market's health.
Inflation posts largest annual increase in three years in April
U.S. inflation increased at its fastest pace in three years in April, driven by higher energy prices due to the Iran war.
Supreme Court rulings loom in four major Trump-related cases
The Supreme Court will decide four major cases involving President Donald Trump, including birthright citizenship and Federal Reserve firing.
Fed minutes show more policymakers were prepared to lay groundwork for rate hike
A growing number of Federal Reserve officials said last month the central bank should lay the groundwork for a possible rate hike.
Warsh clinches Senate approval as next Fed chair as inflation intensifies
The U.S. Senate approved Kevin Warsh as chair of the Federal Reserve, putting him at the helm as the central bank grapples with intensifying inflation.
Consumer prices see biggest annual rise in almost three years as prices increase broadly
U.S. consumer prices rose at a brisk clip for a second straight month in April, resulting in the largest annual increase in inflation in nearly three years.
Economy posts second straight month of strong job gains, but strains remain
U.S. employment increased more than expected in April while the unemployment rate held steady at 4.3%, pointing to labor market resilience.
Annual inflation posts biggest gain in nearly three years in March
Inflation accelerated in March with the personal consumption expenditures price index rising 0.7%, the largest gain since June 2022, driven by higher gasoline prices.
Fed holds rates steady amid sharp divide over policy easing bias
The Federal Reserve held interest rates steady, but in its most divided decision since 1992 noted rising concerns about inflation.
