The Federal Reserve needs more time before cutting interest rates, as hotter-than-expected inflation zaps any need for ...
The FOMC said that "in recent months, there has been a lack of further progress" on lowering inflation to the Fed's 2% goal.
"The hot inflation readings through March should write off any rate cuts in the first half of 2024," said Nationwide Senior ...
A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the ...
Prices for food, rent, gas and other necessities are running roughly 20 percent to 30 percent higher than they were four ...
Friday’s report from the U.S. government showed that prices rose 0.3 per cent from February to March, the same as in the ...
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 ...
The U.S. manufacturing activity sentiment missed expectations in April. After a brief uptick in March, activity retraced back into contraction, according to the Institute for Supply Management (ISM).
Inflation may have tumbled from multi-decade highs on both sides of the Atlantic, but progress has stalled in the United ...
A key US inflation gauge rose last month to its highest level since April 2023, showing that underlying price pressures ...
Economists expect growth slowed to just 2% in the first quarter of 2024, down from 3.4% in the final quarter of 2023 and 4.9% ...
Today, economic growth surprised economists in how much it slowed in the first quarter and we will look ahead to tomorrow's ...