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News
Fed Chair Warsh signals rate hikes may be needed with US inflation stubbornly elevated
9+ hour, 23+ min ago (58+ words) Federal Reserve Chair Kevin Warsh said Friday that inflation is still too high and suggested the central bank may have to raise interest rates in the coming months to bring it down, a clearer signal than he has previously sent…...
All eyes on Fed Chair Warsh during the central bank’s annual conclave in Jackson Hole
7+ hour, 17+ min ago (100+ words) New Federal Reserve Chair Kevin Warsh has sought to take a lower profile than his predecessors, yet his speech Friday at the central bank’s annual conclave in Jackson Hole will be one of the most closely-watched in years....
Key inflation gauge remains elevated during Iran war and ongoing US trade fights
2+ day, 7+ hour ago (26+ words) An inflation measure closely watched by the Federal Reserve was unchanged last month in the latest sign that many Americans are still struggling with higher costs....
US economy expands at sluggish 1.5% pace in second quarter, but consumer spending stayed strong
2+ day, 7+ hour ago (18+ words) The U.S. economy grew at a sluggish 1.5% pace from April through June. But consumer spending stayed strong....
The US and Canada could pull back from an all-out trade war. It's not clear that they will
2+ day, 16+ hour ago (478+ words) The U.S. and Canada have ramped up their trade war, hitting each other with steep new tit-for-tat tariffs....
There are gas lines in Iran, but no sign yet that its leaders will bow to US sanctions
3+ day, 4+ hour ago (303+ words) Long lines have formed outside gas stations in Iran's capital as people rush to fill their tanks amid fuel shortages, fears of higher prices and new U.S. sanctions....
US consumer confidence falls to lowest level in 7 months as gas prices remain elevated
3+ day, 6+ hour ago (24+ words) Americans’ confidence in the economy declined this month as the ongoing Iran conflict has kept gas prices elevated at more than $4 a gallon....
Iran's rial currency hits new record low as US prepares to announce more sanctions
4+ day, 12+ hour ago (22+ words) Iran’s currency has hit a new record low. The rial dropped to 2.02 million to the U.S. dollar as markets opened Monday....
America In Focus: Fed officials eye higher rates; unemployment claims fall
6+ day, 6+ hour ago (173+ words) Many Federal Reserve officials think the central bank will have to lift its key short-term interest rate in the coming months if inflation doesn’t subside, minutes of the Fed’s meeting last month showed....
Wall Street week ahead: Reports on consumer confidence and inflation on tap
6+ day, 12+ hour ago (16+ words) Wall Street will get key updates next week on closely-watched measures for consumer confidence and inflation....