Vance joins Trump in bashing Powell, says Fed committing ‘monetary malpractice’ by not cutting rates
President Donald Trump and Vice President JD Vance are now double-teaming the Fed in an effort to get lower interest rates.
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US inflation rose less than expected to 2.4% in May
Trade war fuels price pressures ahead of Federal Reserve meeting next week
U.S. inflation rises 0.1% in May from prior month, less than expected
The consumer price index was expected to rise 0.2% in May, with a 12-month inflation rate of 2.4%.
Gold overtook euro as global reserve asset in 2024, ECB says
Bullion second only to US dollar after record central bank purchases
Gold overtakes euro as global reserve asset, ECB says
Bullion second only to US dollar in 2024 after record central bank purchases