While price growth has fallen sharply, with April’s 3.4% lower than March’s 3.5%, it is still higher than Fed’s medium-term goal of 2%Policymakers at the Federal Reserve have expressed concern over stalling progress in their fight to bring down inflation.Although price growth has fallen sharply since peaking at its highest levels in a generation two years ago, it has remained stubbornly above where officials want it to be. Continue reading
The Federal Reserve on Wednesday released minutes from its April 30-May 1 policy meeting.
U.S. households continued to feel pinched by inflation in late 2023 even as price pressures ebbed, the Federal Reserve reported today, with most Americans saying their financial situation had changed little in the last year, while parents reported times had gotten harder.
Federal Reserve officials appear to have “no idea” what is happening when it comes to the inflation picture in the U.S., GAM's Julian Howard told CNBC.
Utah’s reservoirs are still at what the state calls “impressive” levels, with most hovering around 90% capacity — by comparison, statewide levels were a little over half full this time last year. But Lake Powell, the country’s second-largest reservoir, is an outlier. According to the U.S. Bureau of Reclamation, it’s currently at about 35% capacity. […]
The story of Red Lobster’s bankruptcy, as reported by CBS, is ultimately about inflation. But that lede gets buried a minute into the report, in the hopes that the viewer won’t notice at all. Watch the blink-and-you’ll miss it reference to inflation, which came a full minute into the report: NIKKI BATISTE: In its bankruptcy filing, Red Lobster blamed failed or ill-advised strategic initiatives and increased competition within the restaurant industry. Red lobster's downfall comes at a time...
The story of Red Lobster’s bankruptcy, as reported by CBS, is ultimately about inflation. But that lede gets buried a minute into the report, in the hopes that the viewer won’t notice at all. Watch the blink-and-you’ll miss it reference to inflation, which came a full minute into the report: NIKKI BATISTE: In its bankruptcy filing, Red Lobster blamed failed or ill-advised strategic initiatives and increased competition within the restaurant industry. Red lobster's downfall comes at a time...
Under new defence minister Andrei Belousov, FSB is tackling corruption aggressively with serious implications for UkraineIn the weeks since Vladimir Putin sacked his longtime defence minister Sergei Shoigu, Russia’s FSB security service has pursued a series of high-level corruption cases against a deputy minister and department heads in what many insiders are now calling a purge in the defence ministry.Andrei Belousov, the technocrat economist appointed to replace Shoigu, has a mandate to reduce...
The young midfielder is one of four players from soaring Eagles in Gareth
The bipartisan group of 23 U.S. senators said they are "concerned and profoundly disappointed" that Canada is not on track to meet its NATO and NORAD commitments.
Newcastle boss Eddie Howe has allayed fears that Kieran Trippier could miss Euro 2024 through injury. The Magpies full-back has been named in Gareth Southgate’s provisional 33-man squad ahead
AI chipmaker Nvidia’s revenue beat analyst estimates boosted by the artificial intelligence push. The company’s net income grew more than seven times compared to a year earlier, growing to $14.88 billion from $2.04 billion a year ago, while revenue more than tripled to $26.04 billion from $7.19 billion in the previous year. The Santa Clara-based company […]