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
Iran's economy minister warned of 'counterattacks' against US 'economic terrorism' on Tuesday while the Minneapolis Fed president said the Middle East conflict 'is now a big driver of inflation' — as American
Iran's rial crossed 2 million per dollar Sunday as US Treasury Secretary Bessent readied 'economic D-Day' sanctions against Tehran. With food inflation at 128%, wages worth $83 a month, and the rial
The S&P 500 slipped 0.19 per cent on Monday and remains 2 per cent below its record. Six of its eleven sectors were higher, led by consumer staples and financials, while technology
A National Taxpayers Union analysis published August 19 found tariffs add $147.60 to a standard basket of school supplies — gym bags, calculators, and notebooks — as Democratic lawmakers sent a letter
American consumers pulled back on spending in July for the first time in nine months, retail sales falling 0.6 percent in the sharpest monthly decline since May 2025. The drop came despite
US producer prices were unchanged in July, pushing the S&P 500 to a fresh record high of 7,794. But core wholesale inflation accelerated 0.4 percent, giving Federal Reserve hawks fresh ammunition ahead
Consumer prices rose 3.4 percent in July from a year earlier, held down by an energy reprieve as the United States-Iran ceasefire kept gasoline costs in check. With the ceasefire set to
American credit card balances hit a record $1.263 trillion in Q2 2026, the highest level the New York Federal Reserve has ever tracked. Some 6.97 percent of balances slid into serious delinquency
China's producer price index rose 3.5 percent in July, slowing from June's 4.1 percent four-year high and falling short of the 3.98 percent forecast, as oil sector costs reversed the Iran war
The US economy unexpectedly shed 23,000 jobs in July — the first net monthly payroll loss in years — missing economist forecasts by 106,000 as wage growth of 3.2 percent fell below
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