Economy

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Key Fed inflation gauge at 2.2% in August, lower than expected

Key Fed inflation gauge at 2.2% in August, lower than expected

The personal consumption expenditures price index was expected to increase 0.1%...

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Jamie Dimon says 'the worst outcome is stagflation,' a scenario he's not taking off the table

Jamie Dimon says 'the worst outcome is stagflation,' a...

The CEO of the biggest U.S. bank says he sees a raft of inflationary forces on the...

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'Spook the West': Turkey's bid for BRICS both a strategic and symbolic step, analysts say

'Spook the West': Turkey's bid for BRICS both a strategic...

BRICS is seen by some as a symbolic counterweight to Western-led organizations like...

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Two key inflation reports this week will help decide the size of the Fed's interest rate cut

Two key inflation reports this week will help decide the...

The Bureau of Labor Statistics will first release the consumer price index Wednesday...

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Chairman of property firm Damac expresses concerns over 'expensive' Dubai

Chairman of property firm Damac expresses concerns over...

Increasing demand for property, especially in the luxury space, is boosting prices...

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UK economy flatlines again in July, below expectations

UK economy flatlines again in July, below expectations

U.K. economy remained flat in July, flash figures published from the Office for...

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Consumer prices rose 0.2% in August as annual inflation rate hits lowest since early 2021

Consumer prices rose 0.2% in August as annual inflation...

The consumer price index was expected to increase 0.2% in August and 2.6% from a...

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Former Dallas Fed President Kaplan advocates for a half-point interest rate cut

Former Dallas Fed President Kaplan advocates for a half-point...

Making the bolder move of 50 basis points would better position policymakers heading...

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The Fed has the proof it wants that inflation is slowing, but the next move is still up in the air

The Fed has the proof it wants that inflation is slowing,...

A week's worth of inflation data showed that price pressures have eased substantially.

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Latinas contributed $1.3 trillion to U.S. economy, new report says. That number could be even bigger

Latinas contributed $1.3 trillion to U.S. economy, new...

A recent report funded by Bank of America revealed that Latinas contributed $1.3...

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Bank of England presses pause on rate cuts, highlights 'gradual approach'

Bank of England presses pause on rate cuts, highlights...

The decision to hold comes after the U.S. Federal Reserve kicked off its own monetary...

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Ray Dalio says the Fed has a tough balancing act as the economy faces 'enormous amount of debt'

Ray Dalio says the Fed has a tough balancing act as the...

On Wednesday, Dalio listed debt, money and the economic cycle as one of the top...

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The Fed has set out on a 'recalibration' of policy. Here's what Powell's new buzzword means

The Fed has set out on a 'recalibration' of policy. Here's...

Asset prices soared as investors took Powell at his word that the outsized rate...

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Private payrolls show better-than-expected growth of 143,000 in September, ADP says

Private payrolls show better-than-expected growth of 143,000...

Companies added 143,000 for the month, an acceleration from 103,000 in August and...

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Swiss central bank cuts rates by a quarter point in third trim this year

Swiss central bank cuts rates by a quarter point in third...

It was the first major Western central bank to reduce interest rates back in March.

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September consumer confidence falls the most in three years

September consumer confidence falls the most in three years

The Conference Board's consumer confidence index slid to 98.7, down from 105.6 in...