Wholesale prices rose 0.2% in October, less than expected, as inflation eases
Wholesale prices increased less than expected in October, adding to hopes that inflation is on the wane, the Bureau…
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Economy
Household debt soars at fastest pace in 15 years as credit card use surges, Fed…
Luis Alvarez | Digitalvision | Getty ImagesHouseholds increased debt during the third quarter at the fastest pace…
Fed’s Waller says he’s open to a half-point rate hike at December…
Federal Reserve Governor Christopher Waller said Wednesday he's open to reducing the level of interest rate…
The world needs more economic alliances than security ones, analyst says
Countries should strike up more economic alliances than security and defense ones, as those could make the world…
Fed Vice Chair Brainard says it may ‘soon’ be appropriate to move to…
Lael Brainard, vice chair of the US Federal Reserve, listens to a question during an interview in Washington, DC,…
Fed officials welcome inflation news but still see tighter policy ahead
Prices of fruit and vegetables are on display in a store in Brooklyn, New York City, March 29, 2022.Andrew Kelly |…
UK on the brink of recession after economy contracts by 0.2% in the third quarter
The Bank of England has warned that the U.K. is facing its longest recession since records began a century ago.Huw…
Even with slower inflation, consumer sentiment weakened sharply in November,…
Shoppers are seen in a Kroger supermarket on October 14, 2022, in Atlanta, Georgia.Elijah Nouvelage | AFP | Getty…
Consumer confidence is near its lowest in a decade, and that could be a problem…
US President Joe Biden speaks during a DNC rally in Miami Gardens, Florida, US, on Tuesday, Nov. 1, 2022.Eva Marie…
U.S. payrolls surged by 261,000 in October, better than expected as hiring remains…
Job growth was stronger than expected in October despite Federal Reserve interest rate increases aimed at slowing…