Inflation measure watched by the Fed eases to 5.5%
A measure of inflation closely watched by the Federal Reserve slowed last month, another sign that a long surge in consumer prices seems to be easing. Friday’s report from the…
World Economy Is Headed For A Recession In 2023, Says Researcher
The findings are more pessimistic than the latest forecast from the International Monetary Fund. The world faces a recession in 2023 higher borrowing costs aimed at tackling inflation cause a…
Why 2023 will be like 1967’s ‘Summer of Love’ for the stock market
Hot inflation and recession fears. Spiking interest rates from the Fed. Divisive US politics. A regional war overseas with global repercussions. I’m not talking about 2022 – I’m talking about…
Travel abroad set for 2023 surge as Americans eye Asia, Europe trips
Mt. Fuji and Tokyo skyline, Japan. Jackyenjoyphotography | Moment | Getty Images Americans are poised to travel overseas in a big way in 2023. Households are continuing to unleash two…
Inflation cost households an extra $10K
Inflation is over, the administration crows, even as Congress works to pass another massive spending bill — this time, $1.7 trillion. But struggling families know not to pop the cork…
Champagne makers pop corks on record $6.5B in sales despite inflation
Champagne sales are expected to reach a new record this year, despite inflation that could have made consumers shun the expensive bubbly, producers said ahead of the start of year-end…
Inflation ‘Down But Certainly Not Out’, Says RBI
RBI: The policy repo rate currently stands at 6.25%. (File) Mumbai: India’s headline inflation has broadened out and become “stubborn”, the Reserve Bank of India (RBI) said in its monthly…
Biden celebrates easing inflation, urges Americans to stick with his policies
U.S. President Joe Biden speaks about inflation at the White House in Washington, December 13, 2022. Kevin Lamarque | Reuters President Joe Biden on Tuesday celebrated the positive consumer price…
Fed raises interest rates half a point
The Federal Reserve on Wednesday raised its benchmark interest rate to the highest level in 15 years, indicating the fight against inflation is not over despite some promising signs lately.…
Russian central bank holds key rate at 7.5%, warns inflation risks are ‘prevailing’
The headquarters of Russia’s central bank in Moscow on Feb. 28, 2022. Sweeping sanctions imposed by Western capitals on Russia in the wake of its invasion of Ukraine on Feb.…