inflation

Gold Slips Below $4,000 an Ounce as Hot Inflation Locks In Bets on a December Fed Hike

Spot gold fell 1.1% to about $3,985 an ounce Wednesday, extending a two-day slide after October's hotter-than-expected inflation report cemented…

27 minutes ago

Fed’s Bowman Warns of a ‘Large Correction’ in Stocks if AI Bets Fall Short, but Says the Inflation Fight Isn’t Over

Fed Vice Chair for Supervision Michelle Bowman said AI-related debt is on track to top $800 billion this year and…

12 hours ago

Prices Rise 0.4% in October, Hotter Than Expected, as Fed Officials Open the Door to Bigger Hikes

Consumer prices rose 0.4% in October and core prices 0.3%, both above forecasts, sending Treasury yields toward 5% and raising…

1 day ago

Fed’s Waller Backs a December Rate Hike, Floats a Half-Point Move if Inflation Stays Hot

Federal Reserve Governor Christopher Waller said Tuesday he would back a quarter-point rate hike in December even if inflation cooled…

1 day ago

Dow Futures Jump 376 Points After Rough Week, but Nvidia Slides on Board Probe of CEO Jensen Huang

Stock futures climbed Monday as investors hunted for bargains after last week’s post-midterm selloff, but Nvidia fell nearly 5% premarket…

3 days ago

IRS Lifts 2027 Tax Brackets and Standard Deduction due to Inflation

The IRS raised 2027 income thresholds and the standard deduction for inflation, lifting the joint standard deduction to $33,200 and…

5 days ago

U.S. Adds 165,000 Jobs in October as Unemployment Falls to 4.1%

Nonfarm payrolls rose 165,000 in October, far above forecasts near 59,000, while the unemployment rate edged down to 4.1% and…

5 days ago

Bank of England Raises Key Rate to 4%, First Hike in More Than Three Years

The Bank of England raised Bank Rate by 0.25 percentage points to 4% in an 8-1 vote, its first increase…

6 days ago

Jobless Claims Fall to 189,000, a 57-Year Low, as Q3 Productivity Surges 3.6%

Initial unemployment claims dropped 6,000 to 189,000 for the week ended Oct. 31, matching mid-July's low and the lowest level…

6 days ago

Factory Output Hits Highest Level Since 2021 as Manufacturing Grows for 10th Straight Month

The ISM manufacturing index rose to 55.5 in October, beating forecasts, as factory production climbed to its strongest reading since…

1 week ago

Gold Sinks to One-Year Low Near $3,880 as Silver Breaks Below $50

Gold fell about 3.5% Friday to its lowest level since October 2025 and is on track for its worst October…

2 weeks ago

Paychecks Lose Ground to Inflation Again as Wage Growth Slows to 2021 Low

Wages rose 3.1% over the past year, the slowest since early 2021, while inflation-adjusted pay fell 0.6% and health insurance…

2 weeks ago

Economy Grows 3.4% as Gas Prices Push Inflation to 3.6%

The U.S. economy grew at its fastest pace in a year last quarter, but a separate report showed September inflation…

2 weeks ago

Fed Holds Rates at 3.75%-4% as Cook, Hammack Dissent in Favor of Hike

The Federal Reserve kept its benchmark rate unchanged on a 10-2 vote, with two policymakers pushing for a hike and…

2 weeks ago

Hassett Calls Affordability Crisis a ‘Myth,’ Citing $5,000 Gain in Household Spending

White House economic adviser Kevin Hassett said inflation-adjusted spending is up about $5,000 per household under President Trump, a claim…

2 weeks ago