Core personal consumption expenditures inflation reached 3.4%, the highest since 2023; raising concerns about the Federal Reserve cutting interest rates
A report from the Commerce Department showed that the Fed’s favorite inflation report showed that price pressures in the economy remained strong, making it harder for the central bank to cut interest rates quickly. Core PCE inflation, which strips…
With inflation likely to climb to 4.2% in May, Americans face higher daily costs and consumer budgets across the country are strained
Americans are likely to see higher prices for everyday necessities, including milk, bread, meat, gasoline, rent and housing, utilities, health care and insurance. Inflation has been rising for months since tensions over the Iran war disrupted supply…
Fed says Iran war boosts inflation ‘moderate to strong’
The Federal Reserve said on Wednesday that U.S. prices have grown at a “moderate to strong pace” in recent weeks, largely due to soaring energy costs caused by the war with Iran. Fed says Iran war boosts inflation ‘moderate to…
Evening News Report: Rahul attacks Center over LPG price hike; Noida International Airport to start operating more flights from June 15 to June 15
Rahul Gandhi Criticizes Centre, warns of sharp rise in commercial LPG prices by Rs 993 in single day inflation The wider impact on small businesses, households and potential fuel price increases. noida international airport Jewar-based IndiGo will start…
‘I have said so’: Rahul Gandhi claims LPG prices increased by 81% in 3 months; launches swipe at Center over inflation
New Delhi: Leader of Opposition in Lok Sabha Rahul Gandhi The Center on Friday launched a blistering attack on rising inflation, marking a sharp rise in commercial LPG cylinder prices, including a single-day jump of Rs 993.this congressional leaders said…
Trump’s pick for Fed chief to swear rate independence at key hearing
U.S. President Donald Trump’s pick to lead the Federal Reserve, Kevin Warsh, will stress his commitment to the central bank’s interest rate independence during a key confirmation hearing on Tuesday, according to prepared remarks seen by AFP.…
‘Modi ji, ab jhola uthaiye aur chale jaiye’: Sanjay Raut’s inflation advice to PM
New Delhi: Shiv Sena (UBT) MP Sanjay Raut India’s rupee depreciation government was criticized on Sunday, questioning the Prime Minister’s ability to lead the country.Addressing a press conference in New Delhi, Rathe recalled Prime Minister…
Why the 2027 Social Security COLA could be bigger than expected
U.S. Social Security recipients could see a larger-than-expected cost-of-living adjustment (COLA) as rising oil prices tie into 2027 geopolitical tensions Experts say it drives up inflation. While current Social Security payments won’t change…
Global stock markets tremble after oil prices surge to nearly $120 a barrel
stock market The global economy was rocked on Monday by concerns about whether the global economy could withstand a surge in oil prices, which briefly rose to nearly $120 a barrel, the highest level since the summer four years ago. Global stock markets…
Poll shows most Americans dissatisfied with President Trump’s handling of key issues
A new poll shows a majority of Americans are dissatisfied with the way President Donald Trump is governing the country, especially on day-to-day issues such as prices, jobs and relations with other countries. this ABC News/Washington Post/Ipsos poll via…