News
America In Focus: mortgage rate rises while Wall Street looks to continue its winning ways
5+ hour, 6+ min ago (588+ words) The economy, inflation and how those forces could impact the lives of Americans were front and center over the past week. Trips to the grocery store or gas station are more painful than they were last year, and that is…...
Warsh is sworn in as the Fed chair after Trump's bid for greater control over the independent bank
4+ hour, 46+ min ago (705+ words) Trump spent months criticizing Warsh's predecessor, Jerome Powell, for being reluctant to cut interests rates, with the Republican president arguing that lower borrowing costs would provide an economic boost. By taking the unusual step of holding the ceremony in the…...
Energy shock from Iran war to weigh on Europe's growth, boost inflation
1+ day, 12+ hour ago (243+ 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…...
UN lowers forecast for global economic growth in 2026 over Mideast energy crisis
3+ day, 16+ min ago (207+ words) U. N. economists said global GDP growth is now forecast at 2. 5% for 2026, down from 2. 7% in January, and they said it could fall to only 2. 1% "in a more adverse scenario." That would be one of the weakest growth rates this century, outside of…...
The market powerful enough to sway stocks and Trump is rumbling again
3+ day, 7+ hour ago (972+ words) It's making noise again. Bond markets around the world have seen yields climb to heights not reached in years and, in some cases, decades. Atop the litany of reasons for that is oil prices and whether they will stay high…...
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5+ day, 1+ hour ago (11+ words) Cooper, Powell talk leadership, accountability WRAL Cooper, Powell talk leadership, accountability...
America In Focus: Hotter inflation doesn't stop consumers, investors
6+ day, 8+ hour ago (810+ words) In the past week, many Americans remained focused on the economy, inflation and how those forces could impact their lives. Trips to the grocery store or gas station are more painful than they were last year, and that is impacting…...
Argentina's beef consumption falls to lowest level in 20 years as prices soar
6+ day, 14+ hour ago (676+ words) Among the stacks of beef boxes and red meat cuts hanging from metal hooks, chicken and pork are increasingly present. Red meat consumption in Argentina " historically one of the world's biggest consumers of beef " has fallen to its lowest level…...
Powell's tenure as Fed chair marked by fight for independence while trying to tame inflation
1+ week, 8+ hour ago (1311+ words) Now, as Powell steps down from the post after eight tumultuous years, the U. S. economy is transformed: Inflation soared after the pandemic and has remained above the Fed's 2% target for more than five years, angering voters and making rents, cars, and…...
Takeaways from Fed chair Jerome Powell's legacy
1+ week, 13+ hour ago (1100+ words) Now, as Powell steps down from the post after eight tumultuous years, the U. S. economy is transformed: Inflation soared after the pandemic and has remained above the Fed's 2% target for more than five years, angering voters and making rents, cars, and…...