Breaking News: Economy

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.…

‘Why would you tinker with it if it’s not broken?’: Economist on why the Fed may not cut rates in September

Markets now firmly expect a September interest rate cut in the U.S., but the Federal Reserve has a strong reason…

High inflation is largely not Biden’s or Trump’s fault, economists say

Inflation decelerated again in June, bringing further relief to consumers’ wallets. The consumer price index rose 3% in June 2024…

Inflation falls 0.1% in June from prior month, helping case for lower rates

The monthly inflation rate dipped in June for the first time in more than four years, providing further cover for…