Breaking News: Economy

‘Stop the price gouging’: Biden hits corporations over high consumer costs

President Joe Biden took aim at corporations Monday for charging prices he said were artificially high even though the rate…

Wells Fargo unveils 2024 target, warns of ‘really, really sloppy’ first half for stocks

Wells Fargo Securities is officially out with its 2024 stock market forecast. Chris Harvey, the firm’s head of equity strategy,…

Biden wants credit for lower Thanksgiving food and travel prices, as inflation drags on his reelection campaign

Gathering around the Thanksgiving table will cost Americans less this Thursday than it did last year, and Democrats hope they’ll…

‘Funflation’ drives sporting event ticket prices up a whopping 25%

Dan Hornberger has been a fan of the National Football League’s Philadelphia Eagles for as long as he can remember.…

Fed gave no indication of possible rate cuts at last meeting, minutes show

Federal Reserve officials at their most recent meeting expressed little appetite for cutting interest rates anytime soon, particularly as inflation…

Geopolitical instability and a packed election calendar have strategists wary of 2024

Geopolitical risks will be the key threat to the economic outlook for 2024, as large-scale wars converge with a slew…

Fed’s Susan Collins says more rate hikes can’t be taken off the table yet

Despite recent encouraging signs on inflation, Boston Federal Reserve President Susan Collins said Friday that more interest rate hikes could…

Fed’s Mester wants ‘much more evidence’ that inflation has been defeated

Cleveland Federal Reserve President Loretta Mester said Thursday that this week’s news showing lower levels of inflation isn’t enough to…