News
America In Focus: Fed officials divided on US inflation views; US home prices hit all-time high
3+ hour, 56+ min ago (816+ words) 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 are more painful than they were last year, and rising costs…...
Trump says Walmart cut prices at his request, but Walmart statement omits administration's role
4+ day, 18+ hour ago (362+ words) The president has faced public backlash over inflation rising during his watch, as prices climbed initially in the aftermath of his tariffs and later with the start of the Iran war in late February. Trump described a recent bipartisan measure…...
Federal Reserve Chair Warsh emphasizes political independence, signals focus on inflation
1+ week, 3+ day ago (593+ 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…...
Tomatoes become latest symbol of America's affordability squeeze
1+ mon, 1+ week ago (601+ words) Prices for those red orbs have soared more than any other food product over the past year to cement a spot as one of the consumer headaches du jour. "The tomato has become a symbol of something much deeper," says…...
Wall Street keeps rising, even as U. S. households keep getting more discouraged
1+ mon, 2+ week ago (629+ words) The S&P 500 added 0. 6% and pulled closer to its all-time high set in the middle of last week. The Dow Jones Industrial Average was up 434 points, or 0. 9%, as of 2: 40 p. m. Eastern time, and the Nasdaq composite was 0. 5% higher. Ross Stores helped…...
America In Focus: Inflation jumps and gas soars but American consumers seemed to take it in stride
2+ mon, 1+ week ago (633+ words) In the past week, many Americans remained laser focused on the economy, inflation and how those forces could impact their lives. But it is almost impossible not to notice that trips to the grocery store or gas station are more…...
Fed is watching energy price spikes, but Chair Powell says bank is limited in what it can do
3+ mon, 1+ week ago (537+ words) Powell, who spoke before nearly 400 students at Harvard University as gas prices inched toward an average of $4 per gallon in the U. S. , said there wasn't a lot Fed policymakers could do since energy shocks "tend to come and go pretty quickly…...