OPEC+ wants concrete rate cuts before factoring impact on oil demand, Saudi energy minister says
The prominent OPEC+ oil producers’ alliance is awaiting concrete central bank action on interest rates before factoring in the potential…
The Fed’s preferred inflation measure rose 0.2% in April, as expected
Inflation rose about as expected in April, with markets on edge over when interest rates might start coming down, according…
Euro zone inflation rises to 2.6% in May, but bloc still seen heading for interest rate cut
Inflation in the euro zone rose to 2.6% in May, statistics agency Eurostat said Friday, but a higher-than-expected print did…
Fed’s favorite inflation gauge is expected to show very slow progress on Friday
Inflation is taking baby steps towards coming back to where policymakers want it, with a report due Friday expected to…
Global debt has grown to $315 trillion this year — here’s how we got here
The world is mired in $315 trillion of debt, according to a report from the Institute of International Finance. This global debt…
The Fed probably won’t be delivering any interest rate cuts this summer
Investors likely will have to sweat out a summer during which it looks increasingly improbable that the Federal Reserve will…
British retail sales plunge 2.3% in April, missing estimates
LONDON — U.K. retail sales volumes dropped 2.3% in April as wet weather deterred shoppers, the Office for National Statistics…
Auto insurance rates are jumping the most since the 1970s, but there could be relief soon
Soaring auto insurance costs have been a principle driver behind inflation over the past year, but there could be relief…
JPMorgan CEO Jamie Dimon says can’t rule out ‘hard landing’ for the U.S., stagflation will be ‘worst outcome’
JPMorgan Chase‘s chairman and CEO, Jamie Dimon, says a “hard landing” for the U.S. cannot be ruled out. When asked…
Fed officials seem like they have ‘no idea’ what is going on with U.S. inflation, strategist says
Federal Reserve officials appear to have “no idea” what is happening when it comes to the inflation picture in the…
