Fuel, housing costs boosted October’s inflation. Here’s what it means for the Fed’s stance on interest rates
A gas pump at an Arco gas station in San Diego, California.Mike Blake | ReutersOctober’s surge in consumer prices was…
Global Economy News, Financial Trends & Market Analysis
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Consumer prices jumped in October, but one indicator says inflation might be peaking
Shipping containers in the Port of Los Angeles in Los Angeles, California, U.S., on Wednesday, Oct. 13, 2021.Kyle Grillot |…
Borrowers rush to refinance, as mortgage rates drop for a second week
A property for sale in Monterey Park, CaliforniaFrederic J. Brown | AFP | Getty ImagesMortgage rates fell for the second…
Jack Dorsey is worried about ‘hyperinflation’ — these experts say you shouldn’t be that scared
Twitter and Square CEO Jack Dorsey recently issued a dire economic prediction, complete with a frightening phrase: hyperinflation.“Hyperinflation is going…
Twitter and Square CEO Jack Dorsey says ‘hyperinflation’ will happen soon in the U.S. and the world
Jack Dorsey, CEO of Twitter and co-founder & CEO of Square, speaks during the crypto-currency conference Bitcoin 2021 Convention at…
Homebuilder sentiment bounces back despite ongoing supply chain problems
Residential single family homes construction by KB Home are shown under construction in the community of Valley Center, California, June…
Mortgage originations will drop 33% in 2022 as interest rates rise, according to industry forecast
A worker carries lumber as he builds a new home in Petaluma, California.Getty ImagesRising interest rates will result in a…
Supply chain chaos is already hitting global growth. And it’s about to get worse
Cargo trucks parked at the Port of Los Angeles in Los Angeles, California, U.S., on Wednesday, Oct. 13, 2021.Kyle Grillot…
Retail sales unexpectedly rise in September as consumers keep spending
Consumers spent at a much faster pace than expected in September, defying expectations for a pullback amid pervasive supply chain…
Jobless claims fall below 300,000 for the first time since the pandemic began
Initial jobless claims fell below 300,000 for the first time since the early days of the Covid-19 pandemic, the Labor…
A record 4.3 million workers quit their jobs in August, led by food and retail industries
Job openings declined sharply in August while hiring also fell and the level of workers quitting their jobs hit the…
Yellen sees inflation staying higher for the next several months
Treasury Secretary Janet Yellen cautioned Tuesday that inflationary pressures hitting the U.S. economy could last for a while.Coming less than…
Yellen lends support for effort to remove the debt ceiling altogether
Janet Yellen, U.S. Treasury secretary, speaks during a House Financial Services Committee hearing in Washington, D.C., U.S., on Thursday, Sept.…
Tuesday’s CPI report likely to show inflation continuing to run hot, putting the Fed in tough spot
A customer wearing a protective mask shops inside an Albertsons grocery store in San Diego, California, June 22, 2020.Bing Guan…
Producer inflation accelerated in August, as wholesale prices rose record 8.3% from a year ago
Prices that producers get for final demand goods and services surged in August at their highest annual rate since at…
Businesses are feeling stronger inflation and paying higher wages, Fed’s ‘Beige Book’ says
U.S. businesses are experiencing escalating inflation that is being aggravated by a shortage of goods and likely will be passed…
A sharp rise in wages is contributing to worries over inflation
Thomas Trutschel | Photothek | Getty ImagesNow might be a good time for the Federal Reserve to start worrying about…
Jobs report disappoints — only 235,000 positions added vs. expectations of 720,000
Job creation for August was a huge disappointment, with the economy adding just 235,000 positions, the Labor Department reported Friday.Economists…
Joseph Stiglitz says it’s time to rewire the U.S. economy: ‘We shouldn’t let a good crisis go to waste’
U.S. economist Joseph Stiglitz believes now is a good time to rewire the U.S. economy, arguing that “we shouldn’t let…
Americans spent a record online over 2020 holidays, and more e-commerce gains are expected
An independent contractor to FedEx Corp. unloads packages from a delivery truck on Cyber Monday in New York, U.S., on…
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