11.6 C
New York
Wednesday, March 26, 2025
- Advertisement -

CATEGORY

Inflation

Inflation hits record high of 7.5% in countries using euro

BRUSSELS ((DailyNews)) — Inflation hit a record in April for the 19 countries that use the euro as skyrocketing fuel prices boosted by the...

A key inflation gauge jumped 6.6% in March, most since 1982

WASHINGTON ((DailyNews)) — An inflation gauge closely tracked by the Federal Reserve surged 6.6% in March compared with a year ago, the highest 12-month...

US economy shrinks, threats loom, but growth likely to last

WASHINGTON ((DailyNews)) — The U.S. economy shrank in the first three months of the year, and faces threats from high inflation and rising interest...

Drop in US GDP challenges Biden’s pitch to voters

WASHINGTON ((DailyNews)) — President Joe Biden’s upbeat message that the economy is cruising along hit a troublesome speed bump on Thursday when the federal...

US consumers still confident in April, but slightly less so

WASHINGTON ((DailyNews)) — U.S. consumer confidence dampened slightly in April but remains high even as inflation continues to cloud their optimism about the rest...

Brainard wins Senate confirmation to be Fed’s vice chair

WASHINGTON ((DailyNews)) — The Senate on Tuesday confirmed the nomination of Lael Brainard to a four-year term as vice chair of the Federal Reserve,...

Stocks rally, erase early loss ahead of big earnings week

NEW YORK ((DailyNews)) — U.S. stocks stormed back from sharp losses in the morning to notch gains Monday, the latest round of turbulence for...

Stocks stumble 2.8% as worries about interest rates worsen

NEW YORK ((DailyNews)) — Stocks tumbled on Wall Street Friday, leaving the S&P 500 with its biggest one-day loss in almost seven weeks, as...

Powell reinforces expectations of sharp rate hike next month

WASHINGTON ((DailyNews)) — The Federal Reserve must move faster than it has in the past to rein in high inflation, Chair Jerome Powell said...

US inflation jumped 8.5% in past year, highest since 1981

WASHINGTON ((DailyNews)) — Inflation soared over the past year at its fastest pace in more than 40 years, with costs for food, gasoline, housing...

Latest news

- Advertisement -