The dollar edged higher on Thursday on expectations the currency would be boosted next year by policies by the incoming Donald Trump administration.

Count us as two financial economists hoping only certain inflation measures fall slower than expected, and everyone’s expectations for future inflation remain low. If so, the Federal Reserve should be able to look beyond short-term changes in inflation and focus on metrics that are more useful for predicting long-term inflation.

Thomas Hoenig, former Kansas City Fed president and George Mason University senior fellow, joins CNBC's 'Squawk on the Street' to discuss the Fed facing backlash heading into 2025, why inflation will remain a challenge next year,

The Minneapolis Fed estimates that stabilized rent prices will take at least another year to translate into a lower impact on inflation. Shelter inflation will remain above pre-pa

Analysts are unsure what the Federal Open Market Committee will do with monetary policy in 2025. The panel projects two rate cuts, but some analysts expect more, and others see fewer.

The U.S. Federal Reserve has issued their final rate cut of 2024, saying that what happens next year will depend on the actions and policies of the incoming Trump administration. Some at the reserve has signaled that the rate cuts will slow down as business leaders say inflation is not coming down enough.

Borrowing costs on a 30-year home loan increased to 6.85 percent from 6.72 percent last week, mortgage buyer Freddie Mac says.

U.S. stocks ripped higher and carried the S&P 500 to records as the economy kept growing and the Federal Reserve began cutting interest rates.

According to the survey conducted with 220 nationally representative respondents, 66 percent said they believed 2025 would be better for their wallet than 2024, while 20 percent indicated they think they'll be worse off, and 14 said they expected their financial standing to stay the same.

The average rate on a 30-year mortgage in the U.S. rose for the second straight week to its highest level since mid-July, reflecting a recent jump in the bond yields that lenders use as a guide to price home loans.

But with inflation pressures still elevated and with concern that President-elect Donald Trump's policies could fuel inflation, the Fed indicated Wednesday that it's likely to cut rates more gradually in 2025 than it had projected three months ago. The policymakers now envision two rate cuts next year, not the four they predicted back in September.

"Gold will still be purchased by central banks, and as inflation continues, you may see increased demand for gold on the retail side as well," Pavilonis said, adding that prices a