Iran War Lifts a Second Inflation Reading to Highest Level Since 2023
A measure of inflation closely watched by the Federal Reserve accelerated in April to a three-year high, reinforcing…
Gold hits two-month low as U.S.-Iran tension stokes inflation fears
Gold prices fell to a two-month low on Thursday as fresh U.S. strikes on Iran stoked concerns about…
Dollar near one-week high as U.S.-Iran tensions flare, yen nears intervention zone
The dollar held near a one-week high on Thursday on a report of renewed U.S. strikes in Iran,…
Most Americans are cutting back even as US markets roar, survey shows
WASHINGTON (AP) — U.S. consumer confidence declined slightly this month as gas prices stayed high and inflation remained…
Warsh Takes Charge of Fed Facing Rising Inflation Threat
When President Trump tapped Kevin M. Warsh in January to become the next chair of the Federal Reserve,…
Dollar at six-week high on rate-hike bets, Iran war uncertainty
The U.S. dollar steadied Wednesday as investors weigh the need for higher interest rates to tackle inflation, pushing…
For Trump, Soaring Prices Test Voters’ Finances and Patience
Swept into power by voters who were frustrated with the nation’s economic trajectory, President Trump promised at his…
A look at Jerome Powell’s legacy as Federal Reserve chair
WASHINGTON (AP) — When Jerome Powell was sworn in as chair of the Federal Reserve eight years ago,…
5 small cities in Texas post fastest growth in US
Small cities in big Texas metro areas were the fastest growing municipalities in the United States last year,…
Senate confirms Kevin Warsh as Federal Reserve chairman
WASHINGTON (AP) — The Senate confirmed President Donald Trump’s nominee to lead the Federal Reserve, Kevin Warsh, bringing…
Wall Street’s record run stumbles as oil jumps and AI chip stocks slide
Rising oil prices and a sudden halt for technology stocks are knocking Wall Street off its record highs…
Americans feel the pinch as Iran war fuels inflation in the US
WASHINGTON (AP) — U.S. consumer prices climbed sharply again last month as the 10-week war with Iran delivered…