Breaking News: Economy

Many Americans think they’re insulated from climate change. Their finances indicate otherwise

Many Americans think they’re insulated from the effects of global warming. But climate change is already having negative and broad…

Powell indicates Fed won’t wait until inflation is down to 2% before cutting rates

Federal Reserve Chair Jerome Powell said Monday that the central bank will not wait until inflation hits 2% to cut…

Watch Fed Chair Jerome Powell’s remarks on interest rate policy and the economy

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With odds of a Trump win rising, here’s what it could mean for Europe’s economy

With markets in recent weeks cranking up their bets that Donald Trump will win the presidential election, Goldman Sachs economists…

With high prices and mortgage rates, aspiring and current homeowners feel ‘stuck’

When Rachel Burress moved into her mother’s house around a decade ago, it seemed like a short-term stop on the…

The housing market, explained in 6 charts

It’s no secret that the housing market looks far different than it did a few years ago. While surging mortgage…

Here’s the deflation breakdown for June 2024 — in one chart

Inflation has throttled back significantly since peaking two years ago. The U.S. economy is even seeing some prices deflate for…

Wholesale prices rose 0.2% in June, slightly hotter than expected

A measure of wholesale prices rose more than expected in June as Wall Street assesses when the Federal Reserve will…

JPMorgan’s Jamie Dimon warns inflation and interest rates may stay higher

JPMorgan Chase CEO Jamie Dimon on Friday issued another warning about inflation despite recent signs of easing in price pressures.…