It is unlikely that the Fed will cut rates at all this year; and, if inflation stays hot, it may find that it will need to begin a new cycle of rate hikes sometime next year.
The pace of economic growth in the first three months of the year was far more sluggish than anyone expected—and inflation was much higher.
As the evidence keeps pouring in that the U.S. is still mired in an inflationary economy, the possibility that the Federal Reserve will be forced to increase interest rates can no longer be ignored.
The big driver of General Motors' great earnings report has been the Detroit automaker's decision to focus on selling the gas-powered vehicles their customers want to drive instead of the electric vehicles the Green New Deal activists think they should be driving.
Perhaps if we started an Inflation Day movement, more attention could be drawn to the fact that rising price levels are the results of public policy choices.
As is so often the case with Bidenomics, even good news is bad news because of the upward inflationary pressure.
Investors need to stifle any hope for interest rate cuts this year, as the Federal Reserve will not be able to reach its inflation mandate anytime soon, Kevin O'Leary said.The "Shark Tank" star told Fox Business Network that monetary policy will instead remain unchanged, and that anyone still betting on a dovish pivot is mistaken. Backing him up on Wednesday was the Fed itself, which announced at the conclusion of its latest policy meeting that it would leave the federal funds rate at its...
Freddie Mac said home prices will increase 0.5% in 2024 and 2025, after saying last month they will rise 2.5% in 2024 and 2.1% 2025.
Price rises in the 20-nation euro area held steady at 2.4% in April, while the economy returned to growth in the first quarter.
An FDNY firefighter died after having a heart attack. Derek Floyd had served since 2019 but was terminated amid budget cuts. The city's slashed FDNY's budget to cover migrant spending
Teun Koopmeiners helped Atalanta dump Liverpool out of the Europa League. The Dutch midfielder had previously played under Arne Slot at AZ Alkmaar. Does Mo Salah regret not leaving Liverpool last summer? Is he now risking tarnishing his Liverpool career? Listen to the
A key member of the US central bank, Raphael Bostic, tells the BBC rates might only ease "at the end of 2024".