Dan Schwartzman

Consumer prices, though, rose just two-tenths of a percent in January, the longest gain since July, while the core reading that leaves out food and energy came in where economists expected.

Money markets priced in 63 basis points worth of Fed reductions in 2026, bolstering bets for as many as three rate cuts this year.

Speaking to reporters outside the White House earlier in the day, President Trump trumpeted newly released low inflation numbers.

That's President Trump.

Two federal immigration officers have been placed on administrative leave after a joint review found sworn testimony contradicted video evidence in a Minneapolis shooting case.

The officers could face termination and potential criminal prosecution for lying under oath, which is a serious federal offense.

A review by Immigration and Customs Enforcement and the Department of Justice revealed that sworn testimony provided by the two officers appears to contain untruthful statements.

While both houses of Congress are currently in recess, with no spending bill for the Department of Homeland Security agreed to, Democratic Representative Debbie Wasserman Schultz in a Bloomberg interview blamed the Republicans for refusing to rein in the behavior of immigration agents.

That's Democratic Representative Debbie Wasserman Schultz on Bloomberg.

The Trump administration is moving ahead with a $38.3 billion plan to remake the U.S.

immigration detention system known as the Detention Reengineering Initiative.

The plan calls for acquiring and renovating detention centers, adding processing sites, and taking control of existing facilities to create an efficient detention network while also increasing the number of beds by 92,600.

Rocket and satellite maker SpaceX considering a dual-class share structure in its planned IPO, which would give select shareholders stock with extra voting power, which would allow them to dominate decision-making.

The move would also allow insiders such as founder Elon Musk to maintain control of the company even with a minority stake.

SpaceX is seeking to hold an IPO later this year in a deal that could raise as much as $50 billion to fund artificial intelligence data centers in space and a factory on the moon.

Treasury Secretary Scott Besson says there may be a deal to hold confirmation hearings for Fed Chair nominee Kevin Warsh, even with Republican Senator Tom Tillis threatening to delay the vote until the investigations into current Chair Jay Powell and Governor Lisa Cook are resolved.

We got reaction from Senator Tillis talking to Bloomberg TV at the Munich Security Conference.

That's Republican Senator Tom Tillis speaking to Bloomberg TV at the Munich Security Conference.

The next time the Supreme Court could weigh in on tariffs is one week from today.

The justices have set February 20th as their next opinion day.