Trump picks Christopher Phelan to lead his economic council
WASHINGTON (AP) — President Donald Trump on Tuesday nominated University of Minnesota economist Christopher Phelan to be the…
Trump’s Federal Reserve nominee is set to face a tough hearing before Senate panel
WASHINGTON (AP) — Kevin Warsh is taking another step toward his decade-long goal of winning the top job…
Iran war ignites energy prices at the wholesale level in the US
WASHINGTON (AP) — U.S. wholesale prices surged last month as the Iran war drove up the cost of…
1970s lessons have made global economies less vulnerable to oil shocks
WASHINGTON (AP) — The world economy is experiencing a disorienting flashback to the 1970s. Oil prices are once…
Inflation could jump by the most in nearly 4 years in the wake of the Iran war
WASHINGTON (AP) — Soaring gas prices are expected to produce a spike in inflation when the government reports…
US stocks swing and oil prices trim their jumps amid uncertainty about the US-Iran ceasefire
NEW YORK (AP) — Financial markets are moving cautiously Thursday, a day after surging on optimism about a…
US economy faces threat of inflation if Iran war lingers, JPMorgan’s Dimon writes in annual letter
NEW YORK (AP) — JPMorgan Chase CEO Jamie Dimon warned in his annual shareholder letter that a “resilient”…
The Fed’s next move may not be a cut as inflation and gas prices squeeze consumers
WASHINGTON (AP) — A top Federal Reserve official said Monday that an interest rate hike could be appropriate…
A surprise jobs rebound: US employers add 178,000 as unemployment dips to 4.3%
WASHINGTON (AP) — American employers added a surprisingly strong 178,000 new jobs last month, rebounding from a dismal…
A gas station’s markup is a small fraction of US fuel prices
DES MOINES, Iowa (AP) — The near-daily changes in U.S. gas prices are dizzying for drivers, who are…
The war in Iran has shaken up financial markets. See the impact of the conflict, in five charts
NEW YORK (AP) — Financial markets muddled through the first two months of the year. Then came the…
Fed is watching energy price spikes, but Chair Powell says bank is limited in what it can do
CAMBRIDGE, Mass. (AP) — Federal Reserve Chair Jerome Powell said Monday that it is important to closely monitor…