Federal Reserve Bank of Chicago President Austan Goolsbee said while some recent inflation readings have come in better than expected, he hopes one “dangerous” data point is just a blip.

While opening the door for a September interest rate cut, Fed Chair Jerome Powell stressed the central bank would not let inflation get out of control. While there are already signs that tariffs have begun to push up prices,

Christopher Waller, first nominated to his post by President Donald Trump in 2019, has become one of the most closely watched Fed officials.

Most Federal Reserve officials highlighted inflation risks as outweighing concerns over the labor market at their meeting last month, as President Donald Trump’s tariffs fueled a growing divide within the central bank’s rate-setting committee.

Inflation expectations derived from the bond market were rising on Friday, suggesting simmering concerns about future price gains despite Federal Reserve Chair Jerome Powell's willingness to consider cutting interest rates.

Federal Reserve Chair Jerome Powell's speech at the Jackson Hole conference on Friday comes amid the labor market showing signs of weakness and inflation ticking higher due to tariffs.

South Africa's rand was weaker in early trade on Tuesday, as investors looked to the Fed's Jackson Hole symposium for hints on the U.S. interest rate trajectory, while also eyeing inflation figures from Africa's most industrialised economy.