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News
Fed Governor Lisa Cook Slams Trump's Renewed Threat to Fire Her
3+ hour, 3+ min ago (252+ words) Federal Reserve governor Lisa Cook says the Trump administration has no legal basis to remove her from the central bank’s governing board Fed Governor Lisa Cook Slams Trump's Renewed Threat to Fire Her Trump first sought to fire Cook a…...
Inflation Heats Up a Notch, GDP Holds Steady
13+ hour, 2+ min ago (487+ words) The increase was largely driven by lower government spending and higher imports. Inflation Heats Up, GDP Holds Steady A person shops at a wholesale retailer in Alhambra, California. Inflation as measured by an index followed closely by the Federal Reserve…...
US Economy Expands at Sluggish 1.5% Pace in Second Quarter, but Consumer Spending Stayed Strong
13+ hour, 30+ min ago (228+ words) The U.S. economy grew at a sluggish 1.5% pace from April through June US Economy Expands at Sluggish 1.5% Pace in Second Quarter, but Consumer Spending Stayed Strong The Commerce Department reported Wednesday that growth in gross domestic product — the nation's output of…...
Key Inflation Gauge Remains Elevated During Iran War and Ongoing US Trade Fights
13+ hour, 30+ min ago (287+ words) An inflation measure closely watched by the Federal Reserve was unchanged last month in the latest sign that many Americans are still struggling with higher costs Key Inflation Gauge Remains Elevated During Iran War and Ongoing US Trade Fights The…...
There Are Gas Lines in Iran, but No Sign Yet That Its Leaders Will Bow to US Sanctions
1+ day, 9+ hour ago (760+ words) Long lines have formed outside gas stations in Iran's capital as people rush to fill their tanks amid fuel shortages, fears of higher prices and new U.S. sanctions There Are Gas Lines in Iran, but No Sign Yet That Its Leaders…...
US Consumer Confidence Falls to Lowest Level in 7 Months as Gas Prices Remain Elevated
1+ day, 12+ hour ago (289+ words) Americans’ confidence in the economy declined this month as the ongoing Iran conflict has kept gas prices elevated at more than $4 a gallon US Consumer Confidence Falls to Lowest Level in 7 Months as Gas Prices Remain Elevated The Conference Board…...
Iran, Inflation, Trade and the Bond Market Serve Up a Smorgasbord of Economic Woes
2+ day, 13+ hour ago (555+ words) It could be a volatile week for the markets and the economy. Iran, Fed and Bonds Cause Economic Woes The center of the economic universe will shift this week from Washington to Jackson Hole, Wyoming, where the Federal Reserve holds…...
Economy Remains in Growth Mode, Though Americans Are Feeling the Pain of Inflation
6+ day, 11+ hour ago (438+ words) The latest index of future growth from the Conference Board improved in July. Economy Growing in Face of Inflation A shopper browses the frozen aisle at a Target store, Thursday, Aug. 13, 2026, in Woodbury, Minn. A gauge of future economic growth…...
Fed Talked Rate Hike if Inflation Fails to Cool Further
1+ week, 7+ hour ago (448+ words) Some members of the central bank’s interest rate panel feared having to be more aggressive in future meetings. Fed Talked Rate Hike on Inflation Fears Tom Williams|CQ-Roll Call, Inc via Getty Images The seal of the Federal Reserve is…...
'Many' Fed Officials Think Higher Rates Will Be Needed if Inflation Stays High
1+ week, 7+ hour ago (307+ words) Many Federal Reserve officials think the central bank will have to lift its key short-term interest rate in the coming months if inflation doesn’t subside, minutes of the Fed’s meeting last month showed 'Many' Fed Officials Think Higher Rates Will…...