News
Federal Reserve Chair Warsh emphasizes political independence, signals focus on inflation
13+ hour, 26+ min ago (39+ words) Audacy Condition: Post with Page_List Ask your smart speaker to The Big K Morning Show with Larry Richert The Marty Griffin Show Ben Tenuta's High School Sports Spotlight...
New Federal Reserve Chair Warsh emphasizes political independence, signals focus on inflation
18+ hour, 27+ min ago (251+ words) In remarks at a central bank conference in Sintra, Portugal, Warsh said that if businesses or households thought the Fed would accept inflation above 2%, "I guess they'd be disappointed. We're going to deliver price stability." The Fed typically combats inflation…...
Egg producers will pay $3. 3 M and donate 53 million eggs to settle price fixing claims
1+ day, 10+ hour ago (682+ words) In turn, that meant "higher prices for eggs sold to consumers," alleged the complaint, which was filed in Iowa on Monday, the day the settlement terms were announced. "When powerful corporations collude behind the scenes to raise prices, working families…...
America In Focus: Key inflation gauge surges to 3-year high, mortgage rate climbs
4+ day, 13+ hour ago (721+ words) Ask your smart speaker to play Upstate Red Radio on Audacy The economy, inflation and how those forces could impact the lives of Americans were front and center over the past week. Trips to the grocery store or gas station…...
Key inflation gauge jumps to 3-year high in latest sign of affordability challenges
6+ day, 13+ hour ago (656+ words) The Federal Reserve's preferred inflation gauge rose to a new three-year high in May as gas prices peaked, a sign rising costs could pose political problems for President Donald Trump and his political party as midterm elections near. Consumer prices…...
Economist: US-Iran War has changed the global economy
6+ day, 15+ hour ago (180+ words) Many experts believe the US-Iran War has permanently altered the global economy. Horn says energy drives everything, so that affects the price of everything. And he points out, once prices go up, they won't go back down to where they…...
Bank of England holds main interest rate at 3. 75% as Iran war inflation pressures ease
1+ week, 6+ day ago (267+ words) Thursday's decision was widely anticipated after figures showed inflation did not rise as had been expected in May, holding steady instead at 2. 8%. Though that remains above the bank's target of 2%, it raised hopes that the upward pressure on prices emanating…...
All eyes turn to Fed chair Kevin Warsh and his first moves on interest rates
2+ week, 1+ day ago (690+ words) On Wednesday, Warsh may provide the first hints of an answer when he oversees his first Fed policy meeting as chair and holds a news conference afterward. Bond markets, which can swing sharply on a chair's pronouncements, will be watching…...
Inflation reaches 3-year high and these products were most affected
2+ week, 5+ day ago (515+ words) Inflation numbers were" not good," associate professor Justin Buchler of Case Western University told Audacy this week. Year-over-year inflation is at a three-year high of more than 4%, and a bunch of everyday items are more expensive than last year. Let's…...
Average US long-term mortgage rate rises to 6. 52%, just below its high for the year
2+ week, 6+ day ago (551+ words) The average long-term U. S. mortgage rate ticked up this week to just below its high for the year, the latest sign that borrowing costs on home loans remain elevated relative to where they were before the war with Iran started. The…...