Higher energy and housing prices boosted overall U.S. inflation in December, a sign that the Federal Reserve’s drive to slow inflation to its 2% target will likely remain a bumpy one
January 10, 2024
The U.N. Food and Agriculture Organization says global prices for food commodities like grain and vegetable oil fell last year from record highs in 2022
January 05, 2024
Inflation is on the rebound in Europe
January 05, 2024
President Joe Biden's administration is providing $162 million to Arizona high-tech manufacturer Microchip Technology to support the domestic production of computer chips
January 04, 2024
America’s employers posted 8.8 million job openings in November, down slightly from October and the fewest since March 2021
January 03, 2024
A survey of factory managers in China shows manufacturing contracted in December in the latest sign the world's second-largest economy remains sluggish
January 01, 2024
The IPO market limped ahead in 2023 and analysts expect a steadier recovery ahead
December 28, 2023
More Americans applied for unemployment benefits last week, but not enough to raise concern about the labor market or broader economy
December 28, 2023
Mastercard SpendingPulse said Tuesday that holiday sales rose this year
December 26, 2023
The number of Americans applying for unemployment benefits rose slightly last week but still remained at historically low levels despite high interest rates
December 21, 2023
Asian shares have slipped after Wall Street slammed the brakes on its big rally following disappointing corporate profit reports and warnings that the market had simply gone too far, too fast
December 21, 2023
It was the most painful inflation Americans had experienced since 1981, when “The Dukes of Hazzard” and “The Jeffersons” were topping the TV charts
December 16, 2023
The Congressional Budget Office says it expects inflation to nearly hit the Federal Reserve’s 2% target rate in 2024, as overall growth is expected to slow and unemployment is expected to rise into 2025, according to updated economic projections for the next two years
December 15, 2023
President Joe Biden goes into next year’s election with a vexing challenge: Just as the U.S. economy is getting stronger, people are still feeling horrible about it
December 11, 2023
With inflation edging closer to the Federal Reserve’s 2% target, its policymakers are facing — and in some cases fueling — hopes that they will make a decisive shift in policy and cut interest rates next year, possibly as soon as spring
December 11, 2023
Inflation is slowing steadily, but it’s too early to declare victory or to discuss when the Federal Reserve might cut interest rates, Chair Jerome Powell said
December 01, 2023
Stocks gained ground on Wall Street as the market comes off its best month in more than a year
December 01, 2023
Slightly more Americans filed for jobless claims last week, but the overall number of people in the U.S. collecting unemployment benefits rose to its highest level in two years
November 30, 2023
Europeans are again seeing some relief as inflation dropped to 2.4% in November, the lowest in more than two years
November 30, 2023
The global economy, which has proved surprisingly resilient this year, is expected to falter next year under the strain of wars, still-elevated inflation and continued high interest rates
November 29, 2023
Asian shares are mostly higher ahead of the release of U.S. consumer inflation data
November 29, 2023
A key Federal Reserve official raised the possibility that the Fed could decide to cut its benchmark interest rate as early as spring if inflation keeps declining steadily
November 28, 2023
President Joe Biden has opened the first meeting of his supply chain resilience council by warning companies against price gouging and saying that his administration is working to lower costs for U.S. families
November 27, 2023
Federal Reserve officials concluded earlier this month that inflation was steadily falling and agreed to closely monitor incoming data to ensure that the pace of price increases would continue slowing toward their 2% target, according to the minutes of their meeting
November 21, 2023
Shares are mostly lower in Asia after Wall Street’s rally ran out of momentum
November 21, 2023
More Americans filed for jobless claims last week, and while the labor market remains broadly healthy, there have been recent signs that it may finally be cooling
November 16, 2023
Macy’s third-quarter sales declined as consumers remain cautious on their spending, but the results and its adjusted profit both topped Wall Street’s expectations
November 16, 2023
Americans cut back on retail spending in October, ending six straight months of gains, though the decline was partly driven by falling prices for both gasoline and cars
November 15, 2023
The European Union’s executive commission has lowered growth its expectations for this year and next, saying the economy “has lost momentum” as inflation discourages consumers and higher interest rates deter borrowing for purchases and investment
November 15, 2023
Inflation in the U.K. dropped sharply in October to its lowest level in two years largely because last year's steep rise in domestic energy bills dropped out of the annual comparison
November 15, 2023
Asian shares have retreated after Wall Street added a bit more to its big rally from a day before
November 15, 2023
Employers posted 9.6 million job openings in September, up from 9.5 million in August and a sign that the U.S. job market remains strong in the face of higher interest rates
November 01, 2023
Asian shares are surging after the U.S. Federal Reserve indicated it may not need to pump the brakes any harder on Wall Street and the economy
November 01, 2023
The Federal Reserve kept its key short-term interest rate unchanged for a second straight time but left the door open to further rate hikes if inflation pressures should accelerate in the months ahead
November 01, 2023
American consumers are feeling increasingly less confident these days as fears of an oncoming recession remain elevated
October 31, 2023
Asian shares are mostly higher after Wall Street advanced to claim back some of the ground it gave up in another losing month
October 31, 2023
The Federal Reserve is poised to leave its key interest rate unchanged at a time when the Fed faces an economy that has proved resilient but is nevertheless under pressure from surging interest rates, overseas turmoil and anxious investors
October 30, 2023
About two in three Americans say their household expenses have risen over the last year, but only about one in four say their income has increased in the same period
October 27, 2023
Asian shares have risen after the latest tumble on Wall Street
October 26, 2023
The European Central Bank has taken a break from interest rate increases
October 26, 2023
The nation’s economy expanded at a robust 4.9% annual rate from July through September as Americans defied higher prices, rising interest rates and widespread forecasts of a recession to spend at a brisk pace
October 26, 2023
An estimated 17 million households reported problems finding enough food last year
October 25, 2023
Asian shares are mixed after Wall Street wobbled to a mixed close as yields on U.S. Treasury bonds fell back after jumping above 5%
October 23, 2023
Federal Reserve Chair Jerome Powell said inflation remains too high and that bringing it down to the Fed’s target level will likely require a slower-growing economy and job market
October 19, 2023
Applications for U.S. unemployment benefits fell to their lowest level in eight months last week as businesses continue to retain workers despite elevated interest rates meant to cool the economy and labor market
October 19, 2023
Inflation in the U.K. held steady at 6.7% in September as easing food and drink price rises were offset by higher fuel costs for motorists
October 18, 2023
U.S. stocks mostly fell after getting pulled in opposite directions by competing waves of optimism and fear
October 13, 2023
The International Monetary Fund says Middle East economies are gradually recovering as external shocks from the war in Ukraine and global inflation fade
October 12, 2023
Measures of U.S. inflation barely declined in September, evidence that consumer price increases are grinding lower at a gradual pace
October 11, 2023
Federal Reserve officials regarded the U.S. economy’s outlook as particularly uncertain last month, according to minutes released Wednesday, and said they would “proceed carefully” in deciding whether to further raise their benchmark interest rate
October 11, 2023
U.S. wholesale prices rose last month at the fastest pace since April, suggesting that inflationary pressures remain despite a year and a half of higher interest rates
October 11, 2023
Germany's government says it expects the country’s economy to shrink by 0.4% this year
October 11, 2023
Asian shares are mostly higher as investors await the release of U.S. consumer price data and keep a cautious watch on the war between Israel and the Palestinian militant group Hamas
October 11, 2023
The International Monetary Fund warns that the world economy has lost momentum from the impact of higher interest rates, the invasion in Ukraine and widening geopolitical rifts
October 10, 2023
Two Federal Reserve officials have suggested that the central bank may leave interest rates unchanged at its next meeting in three weeks
October 09, 2023
Asian shares are mostly higher in cautious trading after Wall Street drifted to a quiet close on worries about a too-hot U.S. job market
October 06, 2023
An unforeseen burst of hiring last month has lifted hopes that the economy will prove durable once again, even as an array of threats lie ahead
October 05, 2023
Asian shares are mostly higher in cautious trading after Wall Street drifted to a quiet close on worries about a too-hot U.S. job market
October 05, 2023
Treasury yields surged in September and sapped the energy from a strong stock market as investors came to terms with the likelihood that interest rates will remain high well into next year
October 04, 2023
An inflation gauge closely tracked by the Federal Reserve rose in August, boosted mainly by higher gas prices
September 29, 2023
Inflation has dropped sharply in Europe
September 29, 2023
Home loan borrowing costs climbed again this week, pushing the average long-term U.S. mortgage rate to its highest level in nearly 23 years, another blow to prospective homebuyers facing an increasingly less affordable housing market
September 28, 2023
The head of the European Central Bank says interest rates will stay high long enough to restrict business activity for “as long as necessary” to beat back inflation because upward pressure on prices “remains strong.”
September 25, 2023
The Bank of England has paused nearly two years of interest rate increases after a surprising fall in U.K. inflation eased concerns about the pace of price rises
September 21, 2023
Sweden’s central bank has raised its key interest rate, saying the “inflationary pressures in the Swedish economy are still too high.”
September 21, 2023
News of a soft landing may be premature.
September 21, 2023
Inflation in Britain fell unexpectedly in August to its lowest level since the start of Russia’s invasion of Ukraine
September 20, 2023
Asian shares are lower, tracking a slump on Wall Street after the Federal Reserve said it may not cut interest rates next year by as much as it earlier thought
September 20, 2023
The Federal Reserve left its benchmark interest rate unchanged for the second time in its past three meetings, a sign that it’s moderating its fight against inflation as price pressures have eased
September 19, 2023
Since Federal Reserve officials last met in July, the economy has moved in the direction they hoped to see: Inflation continues to ease, if more slowly than most Americans would like, while growth remains solid and the job market cools
September 18, 2023
Americans stepped up retail spending modestly from July to August as the price of gasoline jumped, cutting into budgets as many families send their kids off to school
September 14, 2023
U.S. wholesale prices increases accelerated in August, a sign that inflation remains stubbornly persistent despite a series of sharp interest rate hikes by the Federal Reserve
September 14, 2023
The number of Americans applying for unemployment benefits last week ticked up modestly after falling to the lowest level in seven months the week before
September 14, 2023
Shares are mostly higher in Asia after a highly anticipated report showed inflation accelerated across the U.S. in August, but not by much more than expected
September 13, 2023
Coach Sean Payton says Broncos receiver Josh Reynolds 'pretty shaken up' after being shot last week
War affects over 600 million women and girls, UN says
Brazil's central bank chief says US election driving pressures on long-term interest rates
A new push to wind down the Middle East wars faces familiar challenges
What's behind deteriorating Somalia-Ethiopia relations?
Russian region proposes curbs on alcohol sales, citing 'horrific' mortality figures
Reddit's explosive user growth and AI tools help it soar to its first-ever profit
Drugmaker Eli Lilly walks back 2024 forecast after 3Q earnings miss
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Freshman QB DJ Lagway holds the key to embattled coach Billy Napier's future at Florida
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