The Federal Reserve held rates at 3.75% to 4% on a 10-2 vote, with Lisa Cook and Beth Hammack wanting a hike. Chairman Kevin Warsh then said one 2027 meeting will carry no rate vote or statement, and the details
U.S. producer prices rose 1.3 percent in September, the largest monthly gain since March 2022, with wholesale gasoline up 20.3 percent against 9.1 percent in the consumer index. Fuel retailers' margins fell
South Korea's KOSPI fell 7.57 percent and Japan's Nikkei lost 4.9 percent as traders dumped chip and AI stocks, even after TSMC beat forecasts and Apple closed at a record. Whether rates
President Trump told a Kalispell, Montana, crowd "we have very little inflation" on the day the annual rate was reported at 3.7 percent. Supporters in line described $200 diesel fill-ups and grocery
More than 75 million Americans will get a 3.6 percent Social Security raise in January, about $75 a month, the largest in four years. It lands as September inflation hit 3.7 percent
U.S. consumer prices rose 0.6 percent in September, and the Bureau of Labor Statistics says gasoline alone accounted for more than half of it. Core prices rose just 0.3 percent, which makes
The IMF now assumes the Strait of Hormuz will not reopen until March 2027, and the Gulf economies carry the cost: Saudi Arabia is forecast to shrink 3.3 percent this year, Kuwait
The Nobel economics prize went to Robert Hall and Michael Woodford, whose models were built after the 1970s oil shocks. The academy said the work helps governments cope with energy crises, as
US 10-year Treasury yields held near 5.17% on Friday, a 19-year high, as bond markets priced 70%+ odds of an October Fed rate hike. Chair Kevin Warsh's September move broke a multi-year
Gold spot prices touched a one-week high of $4,390 on Friday and logged their first weekly gain in four weeks, as Brent crude's 4.21% collapse softened the inflation pressure that had weighed
The Fed's first rate hike since 2023 split Wall Street into two markets: Dow -733 points, Nasdaq +2.6%. Kevin Warsh's 29-minute presser — shortest since 2011 — left markets to decipher two
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