Surging inflation fears sent markets tumbling and Fed officials scrambling
The early data is in for the path of inflation during the first three months of 2024, and the news…
Beyoncé bounce: Western boot sales jump more than 20% week over week since ‘Cowboy Carter’ launch
Western boots have a new protector in Beyoncé. The country fashion staple’s sales surged more than 20% in the week…
BlackRock’s Larry Fink sees Fed cutting rates twice this year but missing 2% inflation goal
BlackRock CEO Larry Fink predicted Friday that the Federal Reserve likely will still cut interest rates this year but won’t…
Jamie Dimon warns that inflation, wars and Fed policy pose major threats ahead
JPMorgan Chase CEO Jamie Dimon warned Friday that multiple challenges, primarily inflation and war, threaten an otherwise positive economic backdrop.…
UK economy posts 0.1% growth in February in further sign of recession rebound
LONDON — U.K. gross domestic product rose 0.1% in February, the Office for National Statistics said Friday, providing another sign…
Wholesale prices rose 0.2% in March, less than expected
A measure of wholesale prices increased less than expected in March, providing some potential relief from worries that inflation will…
European Central Bank gives strong signal that cuts are on the way despite Fed uncertainty
The European Central Bank on Thursday held interest rates steady for a fifth straight meeting and gave its clearest signal…
Hot inflation data pushes market’s rate cut expectations to September
As recently as January, investors had high hopes that the Federal Reserve was about to embark on a rate-cutting campaign…
Consumer prices rose 3.5% from a year ago in March, more than expected
The consumer price index accelerated at a faster-than-expected pace in March, pushing inflation higher and likely dashing hopes that the…
WTO forecasts rebound in global trade but keeps geopolitical risks in focus
The World Trade Organization on Wednesday said that it expects global trade to rebound gradually this year, before rising further…
