Fed Chair Jerome Powell to remain as Fed governor, limiting Trump's appointment power. Reuters reports.

The Federal Reserve's preferred inflation gauge rose to 3.5% in March, reaching its highest level in nearly three years as gas prices increased.

The Federal Reserve's preferred inflation gauge rose to 3.5% in March, driven by an increase in gas prices, marking the highest rate in nearly three years.

US unemployment benefit applications drop to the lowest level in decades. The data indicates that recent job-cut announcements have not yet translated into a significant increase in actual layoffs.

US unemployment benefit applications have fallen to their lowest level in decades, suggesting that recent job-cut announcements have not yet resulted in widespread layoffs.

US initial jobless claims fell to 189,000 last week, reaching the lowest level in several years despite ongoing economic headwinds. The data reflects the latest weekly report on the American labor market.

US initial jobless claims dropped to 189,000 last week, marking the lowest level recorded in several years.

U.S. inflation hits a three-year high as gasoline prices surge amid the conflict involving Iran. The latest data marks a significant increase in the key economic measure.

A key U.S. inflation measure has reached its highest level in nearly three years, driven by a surge in gasoline prices linked to the conflict involving Iran.