A customer shops for produce in an H-E-B grocery store on May 11, 2026 in Austin, Texas. Brandon Bell | Getty Images Traders moved further away Tuesday from expecting any Federal Reserve interest rate cuts and in fact began anticipating a higher probability that the next move would be a hike. Following a hotter-than-expected inflation…
A customer shops for beef at a grocery store in Los Angeles, April 6, 2026. Justin Sullivan | Getty Images U.S. consumers are blaming the Iran War for the recent inflation surge. But data shows prices are rising in more areas than just energy. The consumer price index climbed 0.6% in April on a seasonally…
High gas prices are displayed at a Shell gas station on May 11, 2026 in Burbank, California. Mario Tama | Getty Images Prices that consumers pay for a wide range of goods and services increased at a faster-than-expected pace in April, raising further concerns about the inflationary impact on the U.S. economy. The consumer price…
Washington has sought to press Beijing to lean on Tehran to reopen the strait, though China’s appetite to act as a pressure mechanism remains unclear. Source link
TOPSHOT – US President Donald Trump (L) and China’s President Xi Jinping arrive for talks at the Gimhae Air Base, located next to the Gimhae International Airport in Busan on October 30, 2025. Donald Trump and Chinese leader Xi Jinping will seek a truce in their bruising trade war on October 30, with the US…
A woman walks past a “Now Hiring” sign in front of a store on January 13, 2022 in Arlington, Virginia. Olivier Douliery | AFP | Getty Images Retailers are ramping up hiring this year, defying economic concerns as consumers keep shopping. The retail trades added nearly 22,000 jobs in April, accounting for almost one-fifth of…
If the Federal Reserve still has any reasons to cut interest rates in the near future, they’re getting harder and harder to find. Friday’s jobs report for April provided the latest evidence that the central bank’s larger concern isn’t a flagging labor market but rather a cost of living that is getting increasingly harder for…
A sign displays fuel prices at a Shell gas station in downtown San Diego, California, US, on Monday, May 4, 2026. Ariana Drehsler | Bloomberg | Getty Images Surging gas prices due to the Iran war sent consumer sentiment to a new low in the early part of May, according to a University of Michigan…
FG Construction displays a We’re Hiring! sign during the Mega JobNewsUSA South Florida Job Fair held in the Amerant Bank Arena on April 30, 2026 in Sunrise, Florida. Joe Raedle | Getty Images Job creation was better than expected in April, as the U.S. labor market continued to defy expectations for a slowdown this year,…
Not that long ago, U.S. payroll growth of less than 100,000 or so a month meant the labor market was sinking and signaling a potential recession. No more, though, as that kind of number is pretty much all that is needed to keep unemployment steady and the Federal Reserve at bay. When the Bureau of…