Veteran economist

News Snapshot:

President Trump's promise to curb inflation just got more complicated after January's Consumer Price Index (CPI) came in hotter than expected this past week. The report rattled markets, putting pressure on stocks while bond yields soared, as investors reduced expectations for an interest rate cut, while some even revived the possibility of a hike. But never mind a hike — a delayed rate cut alone could put President Trump on a "collision course" with the Federal Reserve, warned veteran economist Nouriel Roubini. "Even just keeping them on hold is going to put [Powell] on a collision course with Trump, because...