Americans are furious as they continue to get crushed by high grocery store bills despite inflation nearing pre-COVID levels, according to a new survey. The latest Axio Vibe Check survey … Read More
The publication of major US economic data, including employment and inflation reports of critical importance to policymakers and investors, will be suspended indefinitely should the federal government shut down at the … Read More
Surging US mortgage rates could rise well above the critical 7% threshold in the wake of another alarming inflation report for September, according to a prominent economist. Federal data released … Read More
US inflation surged 8.2% in September — a steeper-than-expected increase as stubbornly high rent and food costs look poised to ensure another sharp Federal Reserve interest rate hike next month. … Read More
Americans should stay calm, bolster their personal savings and maintain an eye on their long-term financial plan as the Federal Reserve sharply hikes interest rates, personal finance experts told The … Read More
US inflation rose by a higher-than-expected 8.3% in August despite falling gasoline prices — adding pressure on the Federal Reserve as it decides whether to impose another super-size interest rate … Read More
US home values declined for the first time in a decade last month as a mounting number of experts warn about a housing recession. Home valuations fell 0.1% in July … Read More
The Federal Reserve is causing “confusion” among investors by avoiding a clear declaration that unemployment is likely to rise during its fight against inflation, according to ex-Treasury Secretary Larry Summers. … Read More
A downturn in US home sales and prices is likely just beginning, a prominent economist warned on Thursday. Ian Shepherdson, the chief economist at Pantheon Macroeconomics, said in a note … Read More
The White House was accused of “redefining” the word “recession” on Wednesday after 2008 comments from the current-White House economic adviser resurfaced — appearing to counter his remarks on the … Read More
