News
Federal Reserve Chair Warsh emphasizes political independence, signals focus on inflation
2+ hour, 8+ min ago (608+ 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…...
U. S. consumer confidence rises as gas prices fall, but economic outlook remains gloomy
23+ hour, 16+ min ago (405+ words) Right now, yours goes twice as far. Give now to help PBS News start our new fiscal year strong. The Conference Board said Tuesday that its'consumer confidence index'rose 0. 6 point to 91. 2 in June, a figure that is still below its year-ago…...
Key inflation gauge jumps to 3-year high in latest sign of affordability challenges
6+ day, 4+ hour ago (286+ words) PBS Key inflation gauge jumps to 3-year high in latest sign of affordability challenges The Commerce Department said Thursday that consumer prices rose 4. 1% in May from a year earlier, the largest annual increase since April 2023. On a monthly basis, inflation…...
WATCH LIVE: New Fed chair Kevin Warsh holds first news conference after interest rate decision
2+ week, 3+ hour ago (542+ words) Warsh is expected to hold a news conference at 2: 30 p. m. EDT. Watch live in our video player above. WATCH: Kevin Warsh sworn in as chairman of the Federal Reserve Wednesday's highlight is likely to be the press conference Warsh will hold…...
PBS News Hour | Spiking energy prices send inflation to 3-year high | Season 2026
3+ week, 9+ hour ago (1398+ words) As Iran war drags on, spiking energy prices send inflation to 3-year high Clip: 6/10/2026 | 6m 41s Video has Closed Captions | CC Spiking energy prices sent inflation to a three-year high in May, up 4. 2% annually. The Labor Department said the cost of energy…...
As Iran war drags on, spiking energy prices send inflation to 3-year high
2+ week, 6+ day ago (1067+ words) Spiking energy prices sent inflation to a three-year high in May, up 4. 2% annually. The Labor Department said the cost of energy was responsible for over 60% of the increase. Core inflation, which strips out volatile food and energy prices, was up…...
Inflation rises to a 3-year high on spiking gas prices, highlighting affordability challenges
3+ week, 4+ hour ago (413+ words) Consumer prices rose 4. 2% in May from a year earlier, the Labor Department said Wednesday, up from 3. 8% in April and the third straight increase. On a monthly basis, prices rose 0. 5% last month, after big gains of 0. 6% in April and 0. 9% in March....
Wall Street holds steadier as AI stocks recover some of last week's sell-off
3+ week, 1+ day ago (528+ words) The S&P 500 added 0. 3%, coming off a drop of 2. 6% from Friday that was its worst since October. The Dow Jones Industrial Average dipped 80 points, or 0. 2%, and the Nasdaq composite climbed 0. 9%. Some of the best performers were companies that sell computer…...
Putin slams Western sanctions as damaging to the global economy
3+ week, 5+ day ago (739+ words) In a speech to the annual St. Petersburg International Economic Forum, Putin accused the West of undermining the global economy and finances with unilateral sanctions. By freezing Russian assets abroad through sanctions, Western nations eroded trust in their own currencies,…...
Tomatoes become latest symbol of America's affordability squeeze
1+ mon, 3+ day ago (615+ 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…...