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
Federal Reserve Chairman Kevin Warsh warned Congress on Monday the Fed has no tolerance for inflation while refusing to signal when rates might fall. He pledged institutional independence against political pressure and
US consumer prices fell 0.4% in June, the steepest monthly decline since April 2020, pulling annual inflation to 3.5% from May's 4.2% peak. Gasoline led the drop with a 9.7% plunge, but
Bitcoin fell to $62,300 in Monday's Asian session as Trump's 20-percent Strait of Hormuz cargo fee, a Fed rate hike signal from Governor Waller, and South Korea's Kospi crash drove $253 million
Urban Institute research finds more than 25% of Americans charging groceries cannot pay the full bill, as food prices have surged 32% over five years. A separate 20% of adults now tap
The median US home price hit a record $440,600 in June as NAR reported a 2.4% monthly sales drop, the 36th consecutive decline. First-time buyers fell to just 30 percent of transactions,
PepsiCo posted $24.18 billion in second-quarter revenue, beating Wall Street estimates, but core EPS of $2.20 missed by a penny as CEO Ramon Laguarta warned that the U.S. consumer is deteriorating faster
US employers added just 57,000 jobs in June, far below expectations and accompanied by a combined 74,000-job downward revision to April and May, as wages rose 3.5 percent against 4.2 percent inflation
Dubai consumer prices rose 5.5 percent in May, fastest since before the pandemic, driven by Iran war petrol costs and persistent housing pressure. Emirates NBD expects inflation to moderate to 2.9 percent
The Bureau of Labor Statistics reported Thursday that nonfarm payrolls rose by just 57,000 in June, far below expectations, as the labor force participation rate fell to 61.5 percent — its lowest
Bitcoin rose to $61,442 on Wednesday as Federal Reserve Chair Kevin Warsh softened on inflation for the first time since June, pulling crypto away from a semiconductor selloff that erased $290 billion
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