What you need to know about the purchasing power of money and how it changes Michael Boyle is an experienced financial professional with more than 10 years working with financial planning, derivatives, equities, fixed income, project management, and analytics.

Inflation rose 4.2 percent in May, the highest since 2023, keeping prices above the Fed’s target and increasing the odds of a rate hike later this year.

Fed Chair Jerome Powell said Wednesday that the central bank could find itself in a dilemma between controlling inflation and supporting economic growth. "If that were to occur, we would consider how far the economy is from each goal, and the potentially ...

Inflation has been climbing over the past couple of months, and hopes of a rate cut by the Federal Reserve are a distant dream now. The Federal Reserve is now considering hiking interest rates for the first time in nearly three years,

The projection of sustained inflation above 2% until 2028 supports scenarios with no rate cuts in 2026, impacting market pricing in related prediction markets. Market participants will closely monitor upcoming statements from Federal Reserve officials for any changes in tone that might suggest a shift in policy.

Food inflation has fallen sharply from its 2023 peak — but European grocery prices are nearly a third higher than before the pandemic, and the reasons they stay high are structural. View on euronews