US consumer prices jumped at the start of the year, stalling recent disinflation progress and likely delaying any Federal Reserve interest-rate cuts.The consumer price index rose by more than...
Some Federal Reserve officials, who were surprised by inflation’s rapid descent in 2023, seem to be setting a new bar for interest-rate cuts: a broader pullback in price pressures.Last week, both...
Donald Trump’s China trade war frayed economic ties between the two global superpowers. His second-term plans risk cutting them entirely.The former president is pitching a 60% tariff on all Chinese...
Mention the government’s annual revisions to seasonal adjustment factors for monthly inflation data and you’re likely to make eyes glaze over, even among hardcore economics nerds. Not this year....
China’s consumer prices fell last month at the fastest pace since the global financial crisis, piling pressure on the government to support a stumbling economic rebound that’s roiling markets.The...
Federal Reserve Bank of Minneapolis President Neel Kashkari celebrated the recent pullback in inflation, though he noted the central bank has not yet reached its goal.“We’re not all the way there yet...
Iraq has banned eight local commercial banks from engaging in U.S. dollar transactions, taking action to reduce fraud, money laundering and other illegal uses of U.S. currency days after a visit by a...
Egypt’s Suez Canal revenue plunged by almost half in January, a top official said, after attacks by Yemeni militants on Red Sea vessels forced major shipping firms to avoid the waterway.Income was...
Meta will reward shareholders with its first-ever dividend and an additional $50bn in share buybacks as bumper fourth-quarter results sent its shares up by more than 14 per cent in after-hours...
Federal Reserve officials cemented the end of their aggressive campaign to push up interest rates, and sought to reset expectations for how soon and how fast they’ll cut this year as inflation...