The Bureau of Labor Statistics said Wednesday that the producer price index rose 0.7% month-over-month in February, higher than expected.
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Markets are pricing in practically no chance of a rate cut when officials meet later this month, according to the CME Fedwatch.
The US Supreme Court struck down tariffs imposed by President Trump on an array of trading partners, upending a signature White House policy.
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The latest reading of policymakers’ preferred inflation gauge is still coming in well above officials’ 2% target at 2.8%.
Holiday spending after Thanksgiving hit a record high, although notably only if you crunch the numbers a certain way.
Just weeks ago viewed as all but certain, markets now figure the odds of an interest rate cut in December is no different than a coin flip.
While a stop-gap funding deal is in place, the government still has some work to do to fill in its backlog of missing economic data.
The US has basically imposed tariffs on Christmas this year: Trees, ornaments and even gifts. Now, both shoppers and sellers feel Grinchy.
Rejuvenating frozen US housing sales will require a strong job market and mortgage rates low enough to pique sellers’ interest in new homes.
In September, Fed Chair Jerome Powell said that nine of the Fed’s 19 policymakers favored no more than one additional rate cut this year.
AI might factor into your paycheck more and more over the next few years. Some workers expect that to make pay scales fairer.