Inflation stayed stubbornly high in April, potentially reinforcing the chances that interest rates could stay higher for longer, according to a gauge released Friday that the Federal Reserve follows closely.The personal consumption expenditures price index, which measures a variety of goods and services...
Traders work on the floor of the New York Stock Exchange during morning trading on May 17, 2023 in New York City. Michael M. Santiago | Getty ImagesA U.S. recession may prevent a steep market downturn in the second half of 2023, according to...
A Nvidia logo is seen on the company's building at an industry park in Tianjin, China, February 7, 2019.VCG | Visual China Group | Getty ImagesA blockbuster profit report Wednesday from Nvidia crystallized an important point for both markets and the economy: For...
Former Federal Reserve Board Chair Ben Bernanke speaks during a discussion on "Perspectives on Monetary Policy" during the Thomas Laubach Research Conference at the Federal Reserve Board building in Washington, DC, May 19, 2023.Saul Loeb | AFP | Getty ImagesWASHINGTON — Former Federal...
A sign displays the price in pound sterling of food goods, including cucumbers, at a a fruit and vegetable market in stall east London on March 31, 2023.Susannah Ireland | Afp | Getty ImagesLONDON — After more than a year of warnings, Bank...
A shopper browses shirts at a clothing store in Atlanta, Georgia, US, on Tuesday, Feb. 14, 2023.Dustin Chambers | Bloomberg | Getty ImagesConsumers barely kept up with inflation in April, as retail sales increased but fell short of expectations, the Commerce Department reported...
