August once again lives up to its dismal reputation for stocks
Wall Street is really suffering through the dog days of August. The S&P 500 is down more than 3% this…
Biden takes a victory lap one year after signing Inflation Reduction Act
WASHINGTON — President Joe Biden celebrated the one year anniversary of the signing of the Inflation Reduction Act, arguing that the…
Fed officials see ‘upside risks’ to inflation possibly leading to more rate hikes, minutes show
Federal Reserve officials expressed concern at their most recent meeting about the pace of inflation and said more rate hikes…
Retail sales increased 0.7% in July, better than expected as consumer spending is holding up
Consumer spending held up well in July as inflation slowed, with retail sales turning in a stronger-than-expected showing for the…
China reports big data miss in July, stops releasing youth unemployment numbers
BEIJING — China reported July data that broadly missed expectations. The National Bureau of Statistics report also did not include…
Biden embraces July inflation report: ‘That’s Bidenomics’
WASHINGTON — Despite a small rise in inflation last month over June’s rate, President Joe Biden on Thursday insisted that July’s…
Thursday’s inflation data may be low, but don’t expect the Fed to declare ‘mission accomplished’ yet
Thursday’s consumer price index report likely will show that the pace of price increases is easing, but not enough to…
China’s consumer prices fall for the first time in 2 years, as fears of deflation grow
BEIJING — China reported inflation data for July that pointed to a modest improvement from June. The consumer price index…
Philadelphia Fed President Patrick Harker suggests interest rate hikes are at an end
Philadelphia Federal Reserve President Patrick Harker on Tuesday indicated that the central bank could be at the end of its…
JPMorgan backs off recession call even with ‘very elevated’ risks
JPMorgan Chase economists on Friday bailed on their recession call, joining a growing Wall Street chorus that now thinks a…
