News
Federal Reserve Chair Warsh emphasizes political independence, signals focus on inflation
2+ hour, 39+ min ago (600+ 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…...
US grocery prices rose in April, but gas spikes weren't the only reason
1+ mon, 2+ week ago (963+ words) Americans paid more for their groceries last month, but high gasoline prices resulting from the Iran war were only one of the reasons why. Prices for food eaten at home rose 2. 9% in April compared to the same month a year…...
Top central banker thinks businesses may be quicker to raise prices due to Iran war
3+ mon, 1+ week ago (376+ words) If oil and gas prices continue to rise, "the response of firms and workers may be faster than last time," ECB President Christine Lagarde said Wednesday in the text of a speech at a conference in Frankfurt, Germany. "We have…...
Chances of a Federal Reserve rate cut fade as inflation worsens
3+ mon, 1+ week ago (637+ words) Longer-term interest rates have risen quickly since the war began Feb. 28, pushing up the cost of mortgage loans, auto loans, and business borrowing. And with inflation measures likely to rise in the coming months, the prospect of interest rate cuts…...
World shares are mixed and US futures slip as Brent hovers above $100 a barrel
3+ mon, 2+ week ago (637+ words) The reprieve in prices for crude was short-lived, with Brent crude climbing nearly 4% early Tuesday to $104. 13 a barrel. U. S. benchmark crude also climbed, to $97. 53 per barrel after dipping to about $93 on Monday. U. S. futures fell back, with the contracts for the S…...
Trump's portrayal of "golden age' is out of sync with how Americans see economy
4+ mon, 4+ day ago (745+ words) President Donald Trump delivers the State of the Union address to a joint session of Congress in the House chamber at the U. S. Capitol in Washington, Tuesday, Feb. 24, 2026. (Kenny Holston/The New York Times via AP, Pool) Barely 12 hours before his…...
Asia shares mostly gain after Wall Street wobbled over strong jobs report
4+ mon, 2+ week ago (466+ words) U. S. futures edged higher. Tokyo's Nikkei 225 surpassed the 58, 000 mark early in the session as trading resumed after a holiday. However, it gave up those gains, edging just 10 points lower to 57, 639. 84. Japanese shares have rallied following Prime Minister Sanae Takaichi's landslide victory…...
Retail sales rose a better-than-expected 0. 6% in November as the holiday season kicked into gear
5+ mon, 2+ week ago (657+ words) Retail sales rose a better-than-expected 0. 6% in November, following a revised 0. 1% decline October, according to the Commerce Department. The report on Wednesday was delayed more than a month because of the 43-day government shutdown. Retail sales rose 0. 1% increase in September, but…...