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The 3.6% annualized rate of growth in the core CPI underscores the slow and frustrating nature of the battle against inflation.

The leveraged loan market is seeing Trump’s election as a “tailwind” for after-tax corporate profits, “through lower expected corporate tax rates, less regulation, and higher inflation.”

Bringing inflation down to target levels is proving challenging for central banks around the world, but most are slowly reducing interest rates.

Chairman Powell adds that he wouldn't resign if asked by Trump.

Fear that wage gains will stoke inflation may lead the Fed to tread more carefully in its interest rate decision this afternoon.

Retirement plans were a hot button issue for union workers, but Boeing says pension plans are "prohibitively expensive."

"They'll create a lot of shock waves, and opportunity. This next year is going to be volatile."

This is the slowest pace of hiring in the United States since 2020, but the unemployment rate remained low, as numbers were distorted by hurricanes and a major strike at Boeing.