Goldman Sachs cuts odds of U.S. recession to 20% after retail and jobs data
Goldman Sachs has cut its probability forecast for a U.S. recession to 20% shortly after raising it, as fresh labor…
U.S., China sign agreement to cooperate on financial stability
BEIJING — The U.S. and China last week signed agreements for cooperating on financial stability, according to a People’s Bank…
Trump, Harris inflation arguments are questionable, Chicago Fed president says
Chicago Federal Reserve President Austan Goolsbee on Sunday warned against misrepresenting the inflationary impacts of corporate price hikes and tariffs,…
Blinken to arrive in Israel as U.S. pushes for Gaza ceasefire
U.S. Secretary of State Antony Blinken is set to arrive in Israel on Sunday as part of Washington’s intensifying diplomatic…
Egg prices are rising once again as bird flu limits supply
Egg prices are climbing, placing the household staple back in the spotlight as consumers stay concerned not only about inflation…
Harris outlines an ‘opportunity economy’ centered on cutting food, housing, family costs
Vice President Kamala Harris on Friday delivered an economic policy pitch aimed to appeal to middle-class voters by focusing on…
Here’s the deflation breakdown for July 2024 — in one chart
Inflation cooled below 3% in July 2024, the first time it dropped beneath that level in more than three years.…
Consumer spending jumped in July as retail sales were up 1%, much better than expected
Consumer spending held up even better than expected in July as inflation pressures showed more signs of easing, the Commerce…
