Lawmakers led by Democrats urge the Fed to halt rate hikes ahead of Wednesday’s announcement
WASHINGTON — A group led by several prominent Democratic lawmakers is calling on the Federal Reserve to halt rate hikes…
Key inflation gauge for the Fed rose 0.3% in March as expected
Despite a year’s worth of interest rate increases, inflation rose again in March, according to economic data released Friday that…
Wholesale egg prices may soon drop to $1 for first time since 2021
Wholesale egg prices are poised to fall to $1 a dozen in coming weeks — the lowest level in almost…
U.S. GDP rose at a 1.1% pace in the first quarter as signs build that the economy is slowing
Growth in the U.S. slowed considerably during the first three months of the year as interest rate increases and 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…
