Economy

Yellen says Chinese response possible on expected U.S. tariff action

The United States could see a significant response from China following any U.S. tariff actions, U.S. Treasury Secretary Janet Yellen…

Inflation outlook rises, fueled by expected increases for housing costs, New York Fed survey shows

Consumers in April raised their expectations for price increases both in the near and longer term, fueled by higher inflation…

This inflation-focused ETF may be in a sweet spot

It’s an exchange-traded fund designed to profit from higher rates. But even if the Federal Reserve starts to cut this…

Behind America’s divided economy: Booming luxury travel and a jump in ‘relief’ loans

At American Express, consumers are continuing to open high-fee credit cards and splurge on luxuries like travel. But for lending…

Consumer sentiment tumbles as inflation fears surge

Consumer sentiment slumped as inflation expectations rose, despite otherwise strong signals in the economy, according to a closely watched survey…

Traders reassess Bank of England rate cuts as UK grows at fastest rate in nearly 3 years

LONDON — A slew of commentary from the Bank of England and a better-than-expected economic growth number have left traders…