Inflation remained stubbornly high last month, but it hasn’t stopped Americans from spending. The Personal Consumption Expenditures price index — a closely watched inflation gauge favored by the Federal Reserve — accelerated to 2.7% for the year ended in March, according to data released Friday by the Commerce Department. That rate was above economists’ expectations for a 2.6% gain and landed above February’s reading of 2.5%. On a monthly basis, prices rose 0.3%, unchanged from the pace seen in...
The core personal consumption expenditures price index was expected to increase 2.7% from a year ago in March, according to the Dow Jones consensus estimate.
Some analysts on Wall Street think Powell will say rate hikes aren't the base case but will depend on economic data and can't be ruled out.
The NBA released its Last 2 Minute report for Game 2 of the series between the Philadelphia 76ers and New York Knicks on Tuesday, and it admitted several critical errors. The report states that Knicks guard Josh Hart fouled Sixers star Tyrese Maxey with 24.9 seconds remaining on the clock. A foul was not called […]
Venezuela's socialist dictator Nicolás Maduro attempted to issue a message in English to U.S. President Joe Biden on Monday to discuss the upcoming expiration of Biden's generous oil and gas sanctions relief package to his regime.
When it comes to collaboration, Swatch is the blueprint. Over the years, the Swiss watchmaker has allowed a fleet of high-profile artists and celebrities free
Markets are anticipating a near-zero chance that the policy-setting arm of the central bank will announce any change to interest rates.
Inflation in the Netherlands cooled to 2.7 percent in April, Statistics Netherlands (CBS) reported in a first estimate. Inflation was lower than in March, when daily life became 3.1 percent more expensive than a year earlier. In February, inflation was 2.8 percent
The Central Bank of Nigeria (CBN) is alone in its perception that Nigeria’s surging inflation is fueled by excess liquidity. CBN has inauspiciously pushed the monetary policy rate (MPR), the nation’s benchmark lending rate to a record 24.75 per cent, while banks cash reserve ratio (CRR) stands menacingly at 45 per cent in a […]
All eyes will once again turn to the Federal Reserve this week as they meet to discuss the next steps with interest rates and economic policy. Specifically, will they raise rates above their current 23-year high? Or will they keep them steady following a series of disappointing inflation reports at the start of 2024? After all, rate cuts that seemed promising at the beginning of the year now seem off the table, possibly for the rest of the year. And while the Fed doesn't directly dictate rates...
WASHINGTON >> A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed’s reluctance to cut interest rates anytime soon and underscoring a burden for President Joe Biden’s re-election bid.
Geauga Highway Co. is the contractor that’s upgrading a portion of the Dana’s Park playground and constructing a trail and observation deck in a new wetlands park along Hubbard Road.