Fed Governor Bowman says more progress on inflation is needed before further rate cuts

Key Points

Federal Reserve Governor Michelle Bowman said on Monday she wants to see data reflect more progress on inflation before cutting interest rates further.
While she expects inflation to continue to decelerate this year, she said disinflation “may take longer than we would hope.”
The Fed maintained its target rate at a range of 4.25% to 4.5% at its January policy meeting.

Source

Finance

Stocks making the biggest moves midday: Hanesbrands, Mercury Systems, Sonos, Intel & more

August 12, 2025

Check out the companies making the biggest moves midday: AST SpaceMobile — The satellite company soared 11% after it said that it’s planning to execute 45 to 60 satellite launches by 2026, with at least five orbital launches anticipated by the end of the first quarter next year. Mercury Systems — The defense contractor surged […]

Finance

Here’s the inflation breakdown for July 2025 — in one chart

August 12, 2025

Key Points The consumer price index rose 2.7% in July on an annual basis, according to the Bureau of Labor Statistics. “Core” goods prices are at their highest annual inflation rate in about two years, evidence that Trump administration tariff policy is feeding through to higher prices, economists said. Source

Finance

Stocks making the biggest moves premarket: Hanesbrands, On Holding, Circle, BigBear.ai and more

August 12, 2025

Check out the companies making headlines before the bell: Hanesbrands , Gildan Activewear — The T-shirt maker surged more than 42% after the Financial Times reported , citing people familiar with the matter, that Hanesbrands was nearing a deal to be acquired by Gildan for nearly $5 billion. Gildan shares slid more than 5%. Sinclair […]