US stock markets plunged amid fears of stagflation in the American economy, which grew at its slowest pace in nearly two years just as inflation jumped.]]>
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U.S. economic growth in the first quarter fell below the Federal Reserve's estimates of the economy's long-run potential for the first time in nearly two years, but the signs of slowing were accompanied with fast inflation that, if sustained, would pose a particular dilemma for the central bank.
Relentlessly rising auto insurance rates are squeezing car owners and stoking inflation. Auto insurance rates rose 2.6% in March and are up 22% from a year ago. Premium costs have been marching steadily higher since 2022, even as inflation at the consumer level steadily cooled from its 9.1% peak in the middle of that year. Consumers have had some relief as the rate of cost increases for food and energy, two key components of most budgets, has eased greatly. But auto insurance and car...
Caleb Williams is a heart-on-his-sleeve quarterback who isn’t afraid to cry. The former Trojans star was selected No. 1 overall in this year’s NFL Draft and will be the new face of the
US health authorities said Tuesday they had discovered fragments of bird flu virus in the nation's pasteurized cow milk supply during the course of a large study, but the samples likely posed no health risk to humans.
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A new report analyzing the next three decades forecasts a country paralyzed by the economic and fiscal costs of servicing its debt.
The US central bank's favored measure of inflation accelerated last month, according to government data published Friday, pushing back the chances of an interest rate cut this summer.The hotter print is likely to cement the view that inflation, while down sharply since 2022, remains a challenge, and could keep the Federal Reserve on pause as it seeks to battle rising prices.It also complicates US president Joe Biden's reelection message as he seeks to convince still-skeptical consumers that the...
Every weekday The Telegraph's top journalists analyse the Russian invasion of Ukraine from all angles and tell you what you need to know
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