Consumers are more upbeat about the here and now, but they expect inflation to rise in the near future.

The Federal Reserve's efforts to stem the rise in prices were given a complication boost on Friday by a crucial report from the University of Michigan that found consumer sentiment had improved in February but inflation expectations had increased.

Preliminary data for February show ...

After Powell's remarks, European stocks hit a nine-month high, as the dollar wobbles.

On Wednesday, global stocks soared and most currencies rallied against the dollar as investors perceived a dovish tone in comments from Federal Reserve Chair Jerome Powell, albeit an ECB policy change meant European bonds sat out the rally. MSCI's world stock index increased 0.3%, returning t...