Deflation: Here’s where prices fell in January 2024, in one chart
Inflation has pulled back significantly from its pandemic-era peak. In fact, some categories have fallen into outright deflation, meaning consumers…
Lael Brainard slams food companies for ‘shrinkflation’ as White House attacks price gouging
National Economic Council Director Lael Brainard on Tuesday blamed higher consumer prices on “shrinkflation,” doubling down on the latest battlefront…
Here’s the inflation breakdown for January 2024 — in one chart
Inflation declined in January and consumers’ buying power rose as price pressures for U.S. goods and services continued to ease.…
Budget office projects Biden green energy plan will cost much more than initial estimate
WASHINGTON — The U.S. budget deficit will grow by an estimated $1 trillion over the next 10 years, the nonpartisan…
China expresses concerns to U.S. over tariffs, sanctions in Beijing talks
China’s financial officials expressed concerns to visiting U.S. Treasury officials about U.S. tariffs, investment restrictions and sanctions set up to…
Red Sea tensions risk significantly higher inflation, OECD warns
Elevated shipping costs as a result of ongoing tensions in the Red Sea could impede the global fight against inflation,…
Stock market in a ‘very dangerous’ position as jobs and wages run hot, fund manager says
The U.S. stock market is in a “very dangerous” spot as persistently strong jobs numbers and wage growth suggest the…
The unemployment rate of Black men rose in January, underscoring continued inequality in labor market
Black men lost ground in the workforce last month, marking a continuation of the disparities that have permeated the U.S.…
IMF upgrades global growth forecast, citing U.S. resilience and policy support in China
The International Monetary Fund on Tuesday nudged its global growth forecast higher, citing the unexpected strength of the U.S. economy…
Stocks are the ‘asset class of choice’ as markets are now used to bad news, strategist says
Geopolitical risks may be mounting, but stocks are still the “asset class of choice,” according to Beat Wittmann, partner at…
