Wholesale prices unexpectedly fell 0.2% in May
A measure of wholesale prices unexpectedly decreased in May, adding another piece of evidence that inflation is pulling back. The…
Fed holds rates steady, indicates only one cut coming this year
The Federal Reserve on Wednesday kept its key interest rate unchanged and signaled that just one cut is expected before…
Inflation slows in May, with consumer prices up 3.3% from a year ago
The consumer price index showed no increase in May as inflation slightly loosened its stubborn grip on the U.S. economy,…
Fed meeting and inflation report both hit Wednesday, and the impact could be huge
Wednesday is shaping up to be one of the most important days of the year for economic news, as investors…
U.S. adds a much-better-than-expected 272,000 jobs in May, but unemployment rate edges up to 4%
The U.S. economy added far more jobs than expected in May, countering fears of a slowdown in the labor market…
Turkey’s inflation passes 75% in what economists believe is peak
Inflation in Turkey topped 75% in May, up from 69.8% in April, in what economists expect to be the peak…
Here’s why the minimum wage and some tax breaks don’t budge despite inflation
Many Americans are likely familiar with financial thresholds that are adjusted for inflation each year. They include contribution limits to…
The Fed’s preferred inflation measure rose 0.2% in April, as expected
Inflation rose about as expected in April, with markets on edge over when interest rates might start coming down, according…
Fed’s favorite inflation gauge is expected to show very slow progress on Friday
Inflation is taking baby steps towards coming back to where policymakers want it, with a report due Friday expected to…
Bank of America CEO says U.S. consumers and businesses have turned cautious on spending
U.S. consumers and businesses alike have turned cautious about spending this year because of elevated inflation and interest rates, according…
