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Breaking News: Economy

Here’s the inflation breakdown for March 2024 — in one chart

by Adrian Jhonsan
Here’s the inflation breakdown for March 2024 — in one chart

Eric Thayer/Bloomberg via Getty Images Inflation jumped in March as prices for consumer staples such as gasoline edged higher and those for housing remained stubbornly high, suggesting inflation may be …

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Consumer prices rose 3.5% from a year ago in March

by Adrian Jhonsan
Consumer prices rose 3.5% from a year ago in March

The consumer price index accelerated at a faster-than-expected pace in March, pushing inflation higher and likely dashing hopes that the Federal Reserve will be able to cut interest rates anytime …

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Trump slams Biden for inflation after hotter-than-expected CPI report

by James Odonell
Trump slams Biden for inflation after hotter-than-expected CPI report

Joe Biden and Donald Trump 2024. Kevin Lamarque | Jay Paul | Reuters Donald Trump on Wednesday pounced on President Joe Biden after March’s consumer price index came in higher than …

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Categories Politics

Imports from China to US are rising at highest rate since last fall

by Adrian Jhonsan
Imports from China to US are rising at highest rate since last fall

A batch of cars are ready to be shipped to overseas markets at the port of Taicang, Jiangsu province, China, April 9, 2024.  Future Publishing | Future Publishing | Getty …

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Fed wants more confidence that inflation is moving toward 2% target, meeting minutes indicate

by Adrian Jhonsan
Fed wants more confidence that inflation is moving toward 2% target, meeting minutes indicate

Federal Reserve officials at their March meeting expressed concern that inflation wasn’t moving lower quickly enough, though they still expected to cut interest rates at some point this year. At …

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EU’s von der Leyen echoes Yellen’s calls for tough stance on Chinese overcapacity

by Adrian Jhonsan
EU’s von der Leyen echoes Yellen’s calls for tough stance on Chinese overcapacity

European Commission President Ursula von der Leyen speaks during a press conference,  Nurphoto | Getty Images European Commission chief Ursula von der Leyen on Tuesday said that Europe must talk …

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Americans converge on the path of totality to experience the solar eclipse

by Adrian Jhonsan
Americans converge on the path of totality to experience the solar eclipse

The moon eclipses the sun during a total solar eclipse across North America, in Bloomington, Indiana, on April 8, 2024. Josh Edelson | AFP | Getty Images Today marks a …

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Will the Fed cut rates this year?

by Adrian Jhonsan
Will the Fed cut rates this year?

The Federal Reserve is determined not to reduce interest rates too soon — and some economists say recent data has pushed a summer cut completely off the table. Friday’s jobs …

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Categories World

Yellen says she won’t rule out possible tariffs on China’s green exports

by James Odonell
Yellen says she won’t rule out possible tariffs on China’s green exports

U.S. Treasury Secretary Janet Yellen on March 21, 2024, in Washington, DC.  Alex Wong | Getty Images U.S. Treasury Secretary Janet Yellen on Monday said she would not rule out …

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Categories Politics

Fed Governor Bowman says additional rate hike could be needed if inflation stays high

by Adrian Jhonsan
Fed Governor Bowman says additional rate hike could be needed if inflation stays high

US Federal Reserve Governor Michelle Bowman attends a “Fed Listens” event at the Federal Reserve headquarters in Washington, DC, on October 4, 2019.  Eric Baradat | AFP | Getty Images …

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