economy
Fed Raises Interest Rates 25 Basis Points in First Hike Since 2023
The Federal Reserve lifted its benchmark rate by a quarter point, marking its first increase since July 2023 amid ongoing inflation concerns.
economy · US Top News and Analysis
Trump Backs Fed's Warsh, Pushes for Rates of 1% or Below
President Trump voiced confidence in Fed Chair Warsh while renewing his demand for aggressive interest rate cuts to 1% or lower.
economy · CNBC
High Airfares and Hotel Costs Failed to Ground Summer Travelers
Flights, hotels, and gas all cost more this summer, yet Americans kept booking trips and spending on travel.
economy · US Top News and Analysis
Fed Rate Hike Looms as Warsh Faces Uphill Confirmation Battle
Markets price in a 92% chance of a Fed rate hike while Kevin Warsh confronts a contested path to the Fed chairmanship.
economy · US Top News and Analysis
Iran and Russia Push BRICS to Counter Western Sanctions
Iranian and Russian leaders jointly condemned Western sanctions and called on BRICS nations to strengthen economic cooperation.
economy · US Top News and Analysis
August CPI Report Friday: What Inflation Data to Expect
The BLS releases August consumer price index data at 8:30 a.m. Friday, a report carrying outsized market significance.
economy · MarketWatch.com - Top Stories
How Surging Diesel and Gas Prices Will Hit Your Wallet
Record diesel costs are rippling through the entire economy, pushing up prices on everything from groceries to your daily commute.
economy · US Top News and Analysis
August Home Sales Slip as Prices Rise Despite Decade-High Inventory
Home sales fell in August even as available housing supply hit its highest level in more than ten years, while prices continued climbing.
economy · US Top News and Analysis
August Home Sales Slip as High Inventory Fails to Lure Buyers
Home sales declined in August even as housing supply hit its highest level in more than a decade, while prices kept climbing.
economy · US Top News and Analysis
Diesel Prices Hit Record Highs Amid Refinery Disruptions
Diesel surges to record levels as Ukraine strikes Russian refineries and Iran tensions rattle global fuel markets, stoking fresh inflation fears.
economy · US Top News and Analysis
Women Drove Nearly All US Job Gains in August 2024
Female workers accounted for virtually all payroll growth in August, underscoring their expanding role in the US labor market.
economy · US Top News and Analysis
Bill Gates Warns Governments Have No Plan for AI's Upheaval
Bill Gates says world leaders are dangerously unprepared for AI's disruption of jobs and social systems.
economy · US Top News and Analysis
Bank of Korea Raises Rates to 3%, Highest Level Since Early 2012
The Bank of Korea hiked its benchmark rate 25 bps to 3%, marking a back-to-back increase as core inflation remains persistently elevated.
economy · US Top News and Analysis
Trump Attacks Fed Rate Policy, Demands Much Lower Interest Costs
President Trump renewed his public pressure on the Federal Reserve, arguing the U.S. should be paying far less in interest and accusing officials of political bias.