NY Fed survey: Expected short-term inflation lower in January due to better labor market prospects

Americans were less concerned in January about the path of inflation and near-term hiring, a report from the Federal Reserve Bank of New York said Monday. As part of its latest Survey of Consumer Expectations, the bank said one-year inflation expectations stood at 3.1% in January, up from 3.4% in December, while three- and five-year […]

US stocks fall after Trump picks Fed critic Kevin Warsh as Powell’s successor

U.S. stocks fell on Friday after President Donald Trump nominated former Fed Governor Kevin Warsh to lead the U.S. central bank, a decision many investors see as an aggressive choice.Investors expect Warsh to support lower interest rates, but falls far short of more aggressive monetary policy easing associated with some of the other potential nominees. […]