Biden cheers cooling inflation ahead of key Fed interest rate decision
President Joe Biden on Wednesday took a victory lap on the latest inflation report, which found that consumer prices did…
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…
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…
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…
Fed’s Williams says inflation is too high but will start coming down soon
NEW YORK — New York Federal Reserve President John Williams on Thursday said inflation is still too high, but he…
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…
Shock summer election in Britain predicted to deliver ‘historic’ result
U.K. Prime Minister Rishi Sunak ended months of speculation this week by announcing a national election on July 4, as…
Most Americans falsely think the U.S. is in recession, poll shows
More than half of Americans think the United States is in an economic recession, although gross domestic product has been…
