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News
No relief from inflation as Middle East clashes lift fuel prices to painful levels
17+ hour, 30+ min ago (973+ words) The consumer price index rose 3.4% last month compared with a year ago, the Labor Department said Friday, just like July. But inflation quickened month to month as costs jumped 0.4% from July, quadrupling the 0.1% registered in the previous month. Inflation remains…...
Warsh raises stakes for Fed's next meeting and other takeaways from Jackson Hole conference
1+ week, 6+ day ago (1035+ words) In doing so, Warsh has put more pressure on the central bank to increase interest rates when it next meets in mid-September if inflation doesn't improve. The government's next price report, to be released just days before the meeting, could…...
Fed Chair Warsh signals rate hikes may be needed with inflation still elevated
2+ week, 19+ hour ago (655+ words) In his first high-profile speech at the Fed’s annual conference at Jackson Hole, Wyoming, Warsh acknowledged in prepared remarks that recent inflation reports show it has cooled a bit, but “they do not tell me that underlying trends have meaningfully…...
Inflation slows but prices remain elevated as Iran war and spending on AI push up prices
4+ week, 2+ day ago (877+ words) Consumer prices increased 3.4% in July from a year ago, down slightly from 3.5% in June, the Labor Department said Wednesday. Inflation had fallen to 2.4% before the Iran war. On a monthly basis, prices rose just 0.1% from June to July. The mild…...
North Texans see bigger inflation rate in July, but it could be worse
4+ week, 2+ day ago (301+ words) Costs are rising at a quicker pace in the Dallas-Fort Worth area, as gas prices rise — at least since last year. The North Texas region’s Consumer Price Index increased 2.9% last month from the year-ago period, according to a report by…...
How Korean beauty made it to the D-FW
1+ mon, 1+ week ago (1013+ words) The craze for Korean skincare hasn’t just arrived in Dallas, it’s been here. From spas to trending brands to specialized facials, Korean beauty is growing in the U.S. and in North Texas. Instagram and TikTok feeds fill users' screens…...
Fed leaves interest rate unchanged but with 3 dissents as Warsh praises 'good family fight"
1+ mon, 1+ week ago (664+ words) The Fed’s rate-setting committee reached its decision after two days of deliberations, marking the fifth straight meeting at which the benchmark rate was kept at around 3.6%. Some economists and Wall Street analysts had predicted the Fed would hike its rate…...
Americans rewire their grocery shopping routines while digesting the biggest price jump in 50 years
1+ mon, 2+ week ago (1818+ words) What’s for dinner? Lately, at Apral Jack’s house, it’s whatever is on sale. Jack scouts an app for deals at her local supermarket before she buys groceries. When she reaches the store, she grabs the weekly circular to look for…...
D-FW Business Datebook: Fed interest rates and talking talent
2+ mon, 3+ week ago (383+ words) Sunday marks the first FIFA World Cup 2026 game in North Texas as the Netherlands takes on Japan in group stage action at “Dallas Stadium” in Arlington. Author and humorist David Sedaris has a new book called The Land and Its…...
America In Focus: Inflation hits 3-year high, Wall Street rallies and Musk becomes a trillionaire
2+ mon, 4+ week ago (993+ 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…...