1+ hour, 16+ min ago  (516+ words) Warsh has said since taking office seven weeks ago that he would provide less guidance about the Fed’s next interest rate moves than his predecessors. Yet he has frustrated many Fed-watchers by largely avoiding explanations of how the central bank…...

2+ week, 6+ hour 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…...

2+ week, 6+ day ago  (616+ words) Consumer prices rose 4.1% in May from a year earlier, the Commerce Department said Thursday, the largest annual increase since April 2023. On a monthly basis, inflation was 0.4% last month, matching April’s increase and down from 0.7% in March. “Underyling inflation is closer…...

4+ 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…...

1+ mon, 1+ week ago  (451+ words) A report Monday by Iran's Central Bank represents the first official acknowledgment of what Iranians shopping, paying for a taxi or visiting a medical clinic already know: The rial currency is battered by the war and uncertainty around it resuming....

1+ mon, 2+ week ago  (692+ words) The S&P 500 added 0.1% to its all-time high set on Friday. The Dow Jones Industrial Average was down 123 points, or 0.2%, as of noon Eastern time, and the Nasdaq composite was 0.3% higher. Both are also coming off records. Expensive oil has…...

1+ mon, 2+ week ago  (1092+ words) The energy price spike triggered by the Iran war has seeped into the price of bonds that help fund the U.S. government. Interest rates on a 10-year U.S. Treasury note are topping 4.44%, up from 3.95% before the war started at the end of…...

1+ mon, 2+ 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…...

1+ mon, 2+ week ago  (394+ words) Inflation jumped to 3.8% in April compared with a year ago, the Commerce Department said Thursday, up from 3.5% in March and the highest since May 2023. On a monthly basis, prices rose 0.4%, down from the 0.7% jump in March but still higher than…...

1+ mon, 3+ week ago  (290+ words) “As a net energy importer, the EU’s economy is highly susceptible to the energy shock caused by the conflict in the Middle East,” the commission said in a statement Thursday. The rising cost of fuel "means higher household bills and…...