Federal Reserve Chair Jerome Powell said Wednesday that the current overshooting of the central bank's 2% inflation target is mostly the result of President Donald Trump's import tax hikes.

With inflation creeping higher again, cash sitting in a checking or low-rate savings account is effectively losing value. High-yield savings accounts are still offering returns above the current inflation rate, helping your emergency fund grow faster and preserve more of your purchasing power.

A new AP-NORC poll finds this holiday season isn’t quite so merry for American shoppers as large shares of them are dipping into savings, scouring for bargains and feeling like the overall economy is

As the Federal Reserve cranks up the money-creating machine even higher, the money supply is growing at the fastest rate since July 2022, in the early stages of the tightening cycle.