Russia’s central bank raises key rate to 21% to rein in higher-than-forecast inflation
Russia’s central bank increased its key interest rate by 200 basis points to 21% on Friday, citing consumer price increases…
Category: Economy
Wholesale prices rose 0.4% in November, more than expected
A report from the Bureau of Labor Statistics on Thursday revealed that wholesale prices increased more than anticipated in November,…
Spike in UK borrowing costs raises specter of public spending cuts
The rise in U.K. government bond yields following the debut budget plan of the Labour government in October has raised…
In a switch, Trump approves of the Fed’s decision to hold interest rates steady
President Donald Trump recently expressed agreement with the Federal Reserve’s decision to maintain interest rates at their current levels, a…
Annual inflation rate slows to 2.9% in July, lowest since 2021
In July, inflation increased as anticipated, primarily due to higher housing-related expenses, according to a report from the Labor Department…
If Trump wants to kill inflation, the first thing he needs to do is get more homes built
If President-elect Donald Trump is going to push inflation back down to a more tolerable level, he will need help…
The Fed is expected to cut interest rates again Thursday. Here’s everything you need to know
The Federal Reserve is expected to conclude its meeting on Thursday with another interest rate cut, focusing on recalibrating policy…
Fed Governor Waller says he is ‘leaning toward’ a December rate cut, but worries about inflation
Federal Reserve Governor Christopher Waller stated on Monday that he foresees a potential interest rate reduction in December, but he…
Minimum payments on credit cards hit record level as delinquencies also rise
Consumer stress has intensified, with an escalating share of credit card holders making only minimum payments on their bills, according…