Traders are paring bets on near-term rate cuts, and Treasury bond yields are edging higher, amid stubborn underlying inflation pressures tied to the president’s myriad tariffs. Trump himself said through his social media account that borrowing costs should be “3 points” lower. “One Trillion Dollars a year would be saved,” he declared.

Federal Reserve governor Adriana Kugler said the Fed should hold interest rates steady for a while to come, because new trade barriers are likely to spark more inflation in the months ahead.

Wall Street's main indexes opened higher on Wednesday as investors sifted through new inflation data and digested a fresh round of heavyweight earnings reports.

Asian shares were mostly higher Thursday while U.S. futures slipped after President Donald Trump rocked Wall Street by saying he had “talked about the concept of firing” the head of the Federal Reserv...

The report on producer prices adds to a mixed picture for inflation as the economy adjusts to the imposition of import tariffs.

U.S. wholesale inflation cooled last month, despite worries that President Donald Trump’s tariffs would push prices higher for goods before they reach consumers.

Economists are watching closely for any signs that his trade policy is beginning to hit consumers’ wallets.