7+ hour, 24+ min ago  (208+ words) Bloomberg: "A majority of Federal Reserve officials warned the central bank would likely need to consider raising interest rates if inflation continued to run persistently above their 2% target." "In response to the same worries, "many" officials during last month"s…...

13+ hour, 4+ min ago  (212+ words) Fortune: "It wasn't even a year ago that fiscal hawks were wringing their hands over a new national debt milestone: The debt had hit $38 trillion, and interest payments on an annual basis would be 13 figures." "A little over 200 days later,…...

3+ day, 11+ hour ago  (135+ words) A new CBS News/You Gov poll finds 44% of respondents said they see their "own personal financial and economic situation" as either "fairly bad" or "very bad," while 49% said they see their personal financial and economic situation as "very good…...

3+ day, 15+ hour ago  (155+ words) Kevin Warsh won the Fed chair nomination with a double-barreled policy agenda for the central bank: lower interest rates and a smaller Fed balance sheet. As he takes the reins, economic conditions will make it tough for him to achieve…...

3+ day, 15+ hour ago  (172+ words) Wall Street Journal: "For now, the U. S. has been able to meet needs at home and replace some of the missing Gulf barrels. No nation in the world's history has ever exported as much energy: It shipped 14. 2 million barrels of crude…...

1+ week, 14+ hour ago  (165+ words) The cost of long-term UK government borrowing has touched the highest in almost three decades as speculation swirls over the future of Prime Minister Keir Starmer following his party's heavy losses in local elections," Bloomberg reports. Yields on Britain's 30-year…...

1+ week, 1+ day ago  (274+ words) Wholesale prices in April posted their highest annual increase in more than three years, signaling more nettlesome inflation as pipeline costs intensify," CNBC reports. You're reading the free version of Political Wire Upgrade to a paid membership to unlock full…...

1+ week, 1+ day ago  (138+ words) Wall Street Journal: "Investors bet on inflation by buying and selling both ordinary U. S. Treasurys and those that hedge the risk of inflation, called Treasury inflation-protected securities, or TIPS. The gap between the yields of the two types of bonds'known as…...

1+ week, 2+ day ago  (325+ words) Wall Street Journal: "Consumer prices rose 3. 8% in April from a year earlier, a clear impact of higher gas prices since the start of the war with Iran." "The figures, reported Tuesday by the Labor Department, surpassed the previous month's reported…...

3+ week, 9+ hour ago  (127+ words) At its linguistic core, the two-word phrase "demand destruction" feels severe, harsh, maybe even violent," CNN reports. In practice, that"s not far off: It means that the magnitude of a price shock can be so large, so persistent and…...