Dow drops as hot inflation data fuels rate-hike worries
Wall Street’s main indexes fell more than 1% on Friday as a surge in consumer spending and inflation in January ...
Tag: inflation
Fed’s key gauge of US inflation surges at fastest rate since June
The Federal Reserve’s preferred inflation gauge rose last month at its fastest pace since June, an alarming sign that price ...
Egg prices will fall nearly 30% this year, USDA says
Having lingered near record highs for months, egg prices will fall dramatically this year provided the United States does not ...
Domino’s shares tank as inflation slices Q4 pizza sales
Domino’s Pizza missed quarterly sales estimates on Thursday as inflation-hit customers, put off by higher delivery fees, cut back on online orders ...
GDP for fourth quarter revised down to 2.7%
The US economy expanded at a smaller-than-expected 2.7% annual rate from October through December, the Commerce Department said Thursday in ...
Goldman extends forecast for continued Fed rate hikes
Goldman Sachs and Bank of America said they expect the Federal Reserve to raise interest rates three more times this year, lifting ...
Inflation fight may last ‘quite a bit of time:’ Jerome Powell
Federal Reserve Chair Jerome Powell said Tuesday the latest employment report showed the process for getting inflation back near the central bank’s ...
Inflation-battered shoppers turn to dollar stores for groceries
High prices in the supermarket aisles for basic food items like eggs, milk and butter have driven more shoppers to ...
Tyson Foods shares tank on weak demand for chicken
Tyson Foods took a “hit in the mouth” as larger-than-expected US beef and pork supplies reduced demand for its chicken, company executives ...
Dow falls as traders await Fed’s rate-hike decision
Stock indexes fell on Wednesday ahead of the Federal Reserve’s decision on interest rates later in the day, while an ...
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