‘Good one, Donald’: Biden flaunts stock market record highs, mocks Trump for predicting ‘collapse’
President Joe Biden paraded this week’s stock market record highs Friday in a new campaign video that trolled his predecessor,…
Retail sales rose 0.3% in November vs. expectations for a decline
Consumers showed unexpected strength in November, giving a solid start to the holiday season as inflation showed signs of continued…
‘Bonds are back’ as markets enter a ‘new paradigm,’ says HSBC Asset Management
LONDON — Markets have entered a “new paradigm” as the global order fragments, while heightened recession risk means that “bonds…
Fed lowers inflation forecast for 2024, seeing core PCE falling to 2.4%
The Federal Reserve dialed back its inflation projections on Wednesday, seeing its favorite gauge falling to 2.4% in 2024. The…
Fed holds rates steady, indicates three cuts coming in 2024
The Federal Reserve on Wednesday held its key interest rate steady for the third straight time and set the table…
Wholesale prices held flat in November, providing another encouraging inflation signal
Wholesale prices were flat in November, providing a leading indicator that inflation is easing, the Labor Department reported Wednesday. The…
European Central Bank to focus on shrinking balance sheet as markets bet on rate cuts
FRANKFURT — The European Central Bank meets this week with investors closely monitoring to see when the Frankfurt institution might…
Bank of England set to hold interest rates as economists debate 2024 cuts
LONDON — The Bank of England is all but certain to keep its main interest rate unchanged at 5.25% for…
‘Too many things unaffordable:’ Biden fires up price wars as inflation cools
New data from the Federal Reserve suggests that inflation further cooled in November. But President Joe Biden’s crusade to convince…
Here’s the inflation breakdown for November 2023 — in one chart
Inflation declined slightly last month on the back of weaker prices at the gasoline pump and a broader easing of…
