Argentina markets slide after far-right libertarian Javier Milei’s win in primary vote
Pressure built on Argentina’s currency and stocks on Monday after a far-right libertarian who wants to axe the central bank…
Wholesale prices rose 0.3% in July, higher than expected
A measure of wholesale prices rose more than expected in July, countering recent trends showing that inflation pressures are easing.…
Biden calls China a ‘ticking time bomb’ over economic troubles
U.S. President Joe Biden on Thursday called China a “ticking time bomb” because of its economic challenges and said the…
Biden embraces July inflation report: ‘That’s Bidenomics’
WASHINGTON — Despite a small rise in inflation last month over June’s rate, President Joe Biden on Thursday insisted that July’s…
July CPI report shows inflation gauge rose 3.2%, less than expected
The consumer price index rose 3.2% from a year ago in July, a sign that inflation has lost at least…
Interest rates should stay around 5% for longer — even as inflation falls, top economist Jim O’Neill says
Veteran economist Jim O’Neill says central banks will need to keep interest rates up around 5% across major economies for…
Credit card balances jumped in the second quarter and are above $1 trillion for the first time
Americans increasingly turned to their credit cards to make ends meet heading into the summer, sending aggregate balances over $1…
Philadelphia Fed President Patrick Harker suggests interest rate hikes are at an end
Philadelphia Federal Reserve President Patrick Harker on Tuesday indicated that the central bank could be at the end of its…
JPMorgan backs off recession call even with ‘very elevated’ risks
JPMorgan Chase economists on Friday bailed on their recession call, joining a growing Wall Street chorus that now thinks a…
Biden order curbing investment to China expected next week
President Joe Biden is expected to issue his long-awaited executive order to screen outbound investments in sensitive technologies to China…
