Fed’s preferred inflation gauge rose to 4.4% in April
A key index of US prices ticked higher in April, and consumer spending rebounded, a sign that inflationary pressures in ...
Tag: inflation
Fed’s preferred inflation gauge stayed high in March
A key index of underlying inflation that is closely followed by the Federal Reserve remained elevated last month, keeping the ...
Several Fed officials considered rate pause, but agreed to hike: minutes
Several Federal Reserve officials at the central bank’s policy meeting last month considered pausing interest rate increases until it was clear ...
US employers added 236,000 jobs in March, unemployment at 3.5%
US hiring slowed in March – but the jobs market remains historically tight in a trend that could put pressure ...
Walmart still worried about inflation as it begins automation push
Walmart on Wednesday said inflation would continue to pressure its business this year, and that it would slow its pace of ...
Cal-Maine Foods’ profits surge 718% amid US egg shortage
Cal-Maine Foods, the nation’s largest producer of eggs, reported this week that its revenues doubled and its profit surged by ...
The super-rich are spending less amid inflation, recession
Are the super-rich feeling the pain of recent US economic upheaval? A few key indicators – yachts, private jets and ...
Fed President James Bullard expects rates as high as 5.75%
St. Louis Federal Reserve president James Bullard said Friday the US likely will need higher than expected interest rates to contain inflation ...
Federal Reserve hikes key interest rate despite US bank chaos
The Federal Reserve hiked interest rates on Wednesday — a pivotal move that showed the central bank’s resolve to tackle ...
Egg prices so high, Dollar Tree pulls them from shelves completely
Dollar Tree has pulled eggs from store shelves over prices skyrocketing, the company said. Egg prices have increased by as much as ...
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