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WASHINGTON (Reuters) -A group of former top world central bankers says the Federal Reserve should scrap its nearly five-year-old bias towards jobs and keep a stricter focus on inflation, a recommendation offered as the U.S. central bank conducts its own strategy review. The Fed should "always seek to bring inflation back to its 2% inflation target" and drop the current pledge to use periods of high inflation to offset periods when prices rise too slowly, said the panel, chaired by former New York Fed President William Dudley and including former central bank officials from China, Mexico, Japan, England, and Israel. The current approach of ignoring low unemployment as an inflation risk and viewing maximum employment as a "broad-based and inclusive goal" should also be dropped, the group said.

Companies scrambled to boost their stock of foreign-made goods before President Donald Trump on April 2 announced sweeping import duties.

Apple's earnings will be a key update for investors looking for answers regarding the impact of tariffs, China competition, and progress on AI.

US stocks dropped as Wall Street braced for a busy day of Big Tech earnings and digested President Trump's latest move on tariffs.

Stocks in the U.S. are sinking as investors digest data indicating the economy shrank 0.3% in the first quarter.

Equipment manufacturer Wabash saw its already-falling stock decline more after it released earnings on Wednesday. The post New decline on weak earnings delivers fresh pain to Wabash stock appeared first on FreightWaves.

The president blamed former President Biden for a market pullback as another series of dour economic indicators created new pressure on his trade plans.

Tariffs hadn't raised the cost of living as of March, according to Wednesday's report on the Federal Reserve's preferred measure of inflation.

(Bloomberg) -- Donald Trump was elected on a pledge to fix all kinds of problems confronting the US economy, from stubborn inflation to a long-term decline in manufacturing jobs. He’s already declared that he’s off to the greatest start of a presidential term ever. The numbers don’t back him up.Most Read from BloombergNYC Lost $9 Billion of Income to Miami, Palm Beach in Five YearsNew York City Transit System Chips Away at Subway Fare EvasionNYC’s Congestion Toll Raised $159 Million in the First

Starbucks chair and CEO Brian Niccol said he will need more time to turn around the coffee giant.