Tag: Breaking News: Economy
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Affirm surges on strong outlook; CEO says high gas prices are hitting U.S. shoppers
The national average price for gas is at $4.09 per gallon and was last below $3 on March 2.
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Fed Chairman Warsh expresses concern about inflation trend, while advocating for ‘quieter’ central bank: Watch live
He used the speech to outline his philosophy on policymaking while carefully sidestepping any signals
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Trump signs order to rename Lake Ontario ‘Lake America’ amid Canada trade war
President Donald Trump signed an executive order that he said will “immediately” change the name of Lake Ontario to “Lake America.”
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Fed’s Hammack says ‘now is the time to act’ on raising interest rates
She still thinks the Fed needs to take action against inflation that is straining household budgets.
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Kansas City Fed’s Schmid says inflation ‘stubborn’ and ‘sticky,’ policy rate not restrictive
The policymaker stopped just short of calling for an interest rate hike.
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Europe’s gas stores are running low — and prices could top 100 euros this winter
Europe’s gas stores are historically low for this time of year, as disrupted Middle East LNG flows raise the risk of sharply higher prices this winter.
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Republicans are dismissing affordability. That could be a problem in November
President Donald Trump quipped that affordability was “devised” by Democrats, while Vice President JD Vance said groceries “cost what they cost.”
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Fed’s preferred inflation gauge shows core prices rose 3.3% annually in July
The personal consumption expenditures price index was expected to rise 0.1% monthly and 3.6% on a 12-month basis, according to economists surveyed by Dow Jones.
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Trump’s Saudi nuclear deal reaches Congress as experts warn of proliferation risk
Some Democratic lawmakers and nonproliferation advocates have criticized the pact for not including a permanent prohibition on enrichment or reprocessing.
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Investor competition for commercial real estate sees strongest growth in a year
Even though macro uncertainty and volatility continue to show up in the broader economy, bidding keeps rising, according to JLL.
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