Cocoa prices plunged almost 30% in the past week after a rally that pushed prices nearly 80% higher to start the year.
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Futures prices had surged to record highs in recent months because of droughts contributing to the country’s smallest herd since the 1950s.
The central bank held the funds rate at 5.25% to 5.5%, citing a “lack of further progress toward the Committee’s 2% inflation objective.”
Spending by older affluent Americans is helping grow the economy. But it’s also contributing to a delay in the Federal Reserve cutting rates.
Our new high-tech vehicles are becoming pricier to repair, and we’re getting in more accidents than ever before.
The European Central Bank signaled that it might be ready to pull the trigger in June.
More than a quarter of all US home sales were bought by investors in the last quarter, a new all-time high.
The consumer price index offered up a surprising uptick, damaging hopes that the Fed will be cutting rates anytime soon.
Why it’s still a tightrope-walk to an economic soft landing.
While housing prices have skyrocketed in the past two years, the new year may bring a welcome relief to renters.
Climate change is colliding with another phenomenon called El Niño – and the results are already far-reaching, global, devastating.
Slowing inflation usually means prices are rising, just not as fast as before. But now there is actual deflation.
Interest rates and risk appetite to set the table for 2024…
It’s official: 2023 has been the year of the American consumer. The propensity for Americans to spend as though they have bottomless bank accounts has bolstered U.S. gross domestic product (GDP) growth all year and catapulted the nation back on…
Thanks to high demand for low-paying jobs in recent years, workers had plenty of leverage for bigger salaries and better perks.
Another month, another potential government shutdown. The U.S. House of Representatives did manage to briefly overcome its deep divisions long enough to elect a new speaker, Mike Johnson, a Republican from Louisiana.