With Federal Reserve Chair Jerome Powell all but confirming that an interest rate cut is imminent, the market’s attention Friday quickly turned to when and by...
Category: Economy
A recession is coming in the U.S., and ‘a few rate cuts’ won’t prevent it, says strategist
An Aldi supermarket in Alhambra, California, US, on Thursday, June 27, 2024. Eric Thayer | Bloomberg | Getty Images Contrary to what many believe, investment research...
Egg prices are rising once again as bird flu limits supply
Luke Sharrett/Bloomberg via Getty Images Egg prices are climbing, placing the household staple back in the spotlight as consumers stay concerned not only about inflation but...
Consumer spending jumped in July as retail sales were up 1%, much better than expected
Consumer spending held up even better than expected in July as inflation pressures showed more signs of easing, the Commerce Department reported Thursday. Advanced retail sales...