News
Powell's Legacy at the Fed to Be Shaped by His Misjudging Inflation and Standing up to Trump
15+ hour, 26+ min ago (1393+ words) When Jerome Powell was sworn in as chair of the Federal Reserve eight years ago, economists worried that inflation and interest rates were too low and that too few Americans had jobs Powell's Legacy at the Fed to Be Shaped…...
Retail Sales Rise in April as Americans Shake Off Higher Gas Prices | National News | U. S. News
22+ hour, 3+ min ago (426+ words) Consumers remain resilient in the face of the highest inflation since 2023. Retail Sales Rise Amid Higher Prices Americans continue to spend, even as the costs from the war with Iran are driving prices higher, the Census Bureau said on Thursday....
Producer Prices Shot up 6%, Adding to Pressure on Companies to Raise Prices for Customers
1+ day, 22+ hour ago (233+ words) U. S. wholesale inflation came in hot last month Producer Prices Shot up 6%, Adding to Pressure on Companies to Raise Prices for Customers The Labor Department reported Wednesday that its producer price index " which tracks inflation before it hits consumers " shot up…...
Iran's Rial Currency Hits Record Low as Shaky Ceasefire With US and Israel Holds
2+ week, 2+ day ago (450+ words) Iran's national rial currency has hit a record low of 1. 8 to the dollar as a shaky ceasefire with the U. S. and Israel holds Iran's Rial Currency Hits Record Low as Shaky Ceasefire With US and Israel Holds The rial had remained…...
Consumers Grow More Optimistic on Economy, Income and Inflation
2+ week, 2+ day ago (491+ words) Income tax refunds and improved views of the labor market helped consumers turn more optimistic. Consumers Grow More Hopeful on Economy A woman buys groceries in a street market in New York City. American consumers turned more positive about the…...
US National Debt Surges Past $39 Trillion Just Weeks Into War in Iran
1+ mon, 3+ week ago (209+ words) U. S. News & World Report Advocates for a balanced budget also warn that the long-term trend of borrowing more and paying more in interest will force Americans to face tougher fiscal tradeoffs ahead. Michael Peterson, chair and CEO of the nonprofit Peter…...
Asian Shares Are Mixed and US Futures Slip as Brent Hovers at Over $100 a Barrel
1+ mon, 4+ week ago (704+ words) Shares are mixed in Asian trading after a drop in oil prices helped send the U. S. stock market to its best day since the war in Iran began Asian Shares Are Mixed and US Futures Slip as Brent Hovers at Over…...
Key Inflation Gauge Worsened in January, Before Iran War Lifted Gas Prices
2+ mon, 1+ day ago (222+ words) An inflation gauge closely monitored by the Federal Reserve moved higher in January in the latest sign that prices were persistently elevated even before the Iran war caused spikes in oil and gas costs Key Inflation Gauge Worsened in January,…...
US Economy Expanded at Sluggish 0. 7% in Fourth Quarter, Government Says, Downgrading First Estimate
2+ mon, 1+ day ago (356+ words) The U. S. economy, hobbled by last fall's 43-day government shutdown, advanced at a sluggish 0. 7% annual rate from October through December, the Commerce Department reported Friday in a big downgrade of its initial estimate US Economy Expanded at Sluggish 0. 7% in Fourth Quarter,…...
Asia Shares Mostly Lower and Oil Hovers Around $100 a Barrel Over Iran War Worries
2+ mon, 2+ day ago (481+ words) Asia shares are mostly lower, tracking Wall Street losses, while oil prices hover around $100 per barrel Asia Shares Mostly Lower and Oil Hovers Around $100 a Barrel Over Iran War Worries Tokyo's Nikkei 225 index slipped 1. 1% to 53, 867. 74. Technology-related stocks saw some of…...