By Wall Street wrapped up its fourth consecutive week in the red, a losing streak not seen since May 2022, and the S&P 500 index officially entered correction territory after sliding 10% from its February highs. Investor anxiety remains high, fueled by the looming impact of trade tariffs touted by President Donald Trump and deep, abrupt…
By It’s not just Walmart.The leaders of companies that serve everyone from penny-pinching grocery shoppers to first-class travelers are seeing cracks in demand, a shift after resilient consumers propped up the U.S. economy for years despite prolonged inflation. On top of high interest rates and persistent inflation, CEOs are now grappling with how to handle new hurdles like on-again-off-again…
By Inflation eased more than expected in February, a welcome sign for the Federal Reserve as it grapples with the prospect of higher prices and slower growth as a result of President Trump’s trade war.The Consumer Price Index was up 2.8 percent from a year earlier, after rising another 0.2 percent on a monthly basis….
By European Union leaders have been clear that they want to negotiate with the United States on trade to avoid a full-blown conflict. But with no deal in sight, officials announced a plan on Wednesday that is meant to hit back hard as steel and aluminum tariffs come into effect.President Trump has imposed 25 percent…
By In our 2022 book Inflation: What It Is, Why It’s Bad, and How To Fix It, we said:When the price of gold rises – in other words, when more money is needed to buy an ounce of gold – that usually means that the dollar’s value has decreased. … Daily price movements may not…
By WASHINGTON, DC – SEPTEMBER 18: Federal Reserve Chairman Jerome Powell speaks during a news … [+] conference following the September meeting of the Federal Open Market Committee at the William McChesney Martin Jr. Federal Reserve Board Building on September 18, 2024 in Washington, DC. The Federal Reserve announced today that they will cut the…
By WASHINGTON, DC – JUNE 14: U.S. Federal Reserve Board Chairman Jerome Powell speaks during a news … [+] conference following a meeting of the Federal Open Market Committee (FOMC) at the headquarters of the Federal Reserve on June 14, 2023 in Washington, DC. After a streak of ten interest rate increases, Powell announced that…
By People work on the floor at the New York Stock Exchange in New York, Monday, Feb. 24, 2025. (AP … [+] Photo/Seth Wenig)Copyright 2025 The Associated Press. All rights reserved.Increasing inflation fears remain the primary concern weighing on financial markets. The U.S. economy is still digesting the pandemic-induced inflation spike while concerns over the…
By U.S. consumers got a little psyched out in February. Consumer confidence dropped sharply, according to The Conference Board, and the consumer expectations index — what they think about income, business conditions, the job market — dropped significantly. Consumers also believe inflation is going to get worse in the next 12 months. And inflation expectations can be…
By What might today’s figures mean for housing costs?published at 12:20 Greenwich Mean Time12:20 GMTDouglas FraserBusiness and economy editor, BBC ScotlandImage source, PA MediaWhile consumer prices continue to rise, and faster than the Bank of England target 2%, household bills are being more stretched by increases in housing costs.Private landlords are charging ever higher rents,…