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…
The Fed probably won’t be delivering any interest rate cuts this summer
Investors likely will have to sweat out a summer during which it looks increasingly improbable that the Federal Reserve will…
Auto insurance rates are jumping the most since the 1970s, but there could be relief soon
Soaring auto insurance costs have been a principle driver behind inflation over the past year, but there could be relief…
Federal Reserve minutes indicate worries over lack of progress on inflation
Federal Reserve officials grew more concerned at their most recent meeting about inflation, with members indicating that they lacked the…
UK Prime Minister Rishi Sunak calls July 4 general election
LONDON — U.K. Prime Minister Rishi Sunak on Wednesday called for a general election to take place on July 4,…
Fed officials seem like they have ‘no idea’ what is going on with U.S. inflation, strategist says
Federal Reserve officials appear to have “no idea” what is happening when it comes to the inflation picture in the…
