inflation

Standard Chartered CEO warns of risks in the banking sector that haven’t ‘come home to roost’

Standard Chartered‘s chief executive warned Monday that the banking sector may face fresh issues, even as the immediate risks from…

UK inflation is just not going down as cost of living crisis offers ‘no respite’

LONDON — U.K. inflation remained stubbornly in double digits in March, driven largely by soaring food prices, while the country’s…

Fed’s Bostic sees one more quarter-point rate hike, then a hold ‘for quite some time’

Atlanta Federal Reserve President Raphael Bostic said Tuesday he envisions the central bank approving one more interest rate increase before…

Some travel is ‘off the charts’ expensive, experts say. Here are 3 ways to cut some costs

Some aspects of travel are pricier than ever amid pent-up demand. “The big cities and the popular [international] destinations —…

Egg prices crashed 11% in March — and more relief may follow

Egg prices fell by almost 11% in March, the U.S. Bureau of Labor Statistics said Wednesday, following a 7% decline…

Fed expects banking crisis to cause a recession this year, minutes show

WASHINGTON – Fallout from the U.S. banking crisis is likely to tilt the economy into recession later this year, according…

Inflation rises just 0.1% in March and 5% from a year ago as Fed rate hikes take hold

Inflation cooled in March as the Federal Reserve’s interest rate increases showed more impact, the Labor Department reported Wednesday. The…

Wall Street is wrong: Former Pimco chief economist Paul McCulley predicts rate hikes will end next month

Wall Street is wrong about the Federal Reserve’s interest rate path, according to former Pimco chief economist Paul McCulley. Barring…

Outlook for credit access hits record low while inflation expectations jump, NY Fed survey shows

Consumers are getting more pessimistic about inflation and their access to credit, according to the results of a monthly survey…