Key Fed inflation measure rose 0.6% in January, more than expected
A measure the Federal Reserve watches closely to gauge inflation rose more than expected in January, indicating the central bank…
Fed can’t tame inflation without ‘significantly’ more hikes that will cause a recession, paper says
The Federal Reserve is unlikely to be able to bring down inflation without having to raise interest rates considerably higher,…
The racial retirement savings gap remains wide – How these state IRA programs are working toward equity
The income and wealth gaps between people of color and white households are wide, but state-run retirement programs are attempting…
Euro zone inflation softens to 8.5% in February as ECB signals interest rate hiking is not over
New data out of the euro zone on Thursday suggested that inflation is taking a while to come down significantly,…
Tesla is not the only company reviewing its Europe investment after Biden’s Inflation Reduction Act
Tesla recently announced a strategy shift away from Europe as it seeks to benefit from unprecedented subsidies in the United…
Fed’s Powell heads to Capitol Hill this week, and he’s going to have his hands full
Federal Reserve Chairman Jerome Powell is set to appear before Congress with a tall task: Persuade legislators that he’s committed…
Warren unveils bill to repeal Trump-era bank deregulation she says led to SVB, Signature collapses
WASHINGTON — A group of Democratic senators introduced new legislation Tuesday to repeal Trump-era bank deregulations they say created the…
How China’s shifting growth picture could hit global markets
China’s economy will be forced to recalibrate because of a “fractured” global order, and the new drivers of growth will…
UK government announces spending, tax plans as strike action disrupts schools and travel
U.K. Finance Minister Jeremy Hunt delivered the government’s Spring Budget on Wednesday. In a wide-ranging speech, Hunt said that the…
Private payrolls rose by 242,000 in February, better than expected, ADP says
Companies added jobs at a brisk pace in February as the U.S. labor market kept humming, payroll services firm ADP…
