Tag: Breaking News: Economy
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K, C or E? Why economists can’t agree on the shape of today’s economy
Economists have long viewed the post-pandemic economy as “K”-shaped. That consensus has now evaporated.
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Stocks making the biggest moves midday: Amazon, Marvell, PayPal, Salesforce & more
Here are some of the companies making headlines in midday trading.
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Analysis: Kevin Warsh sharpens inflation warning at Jackson Hole, signaling possible rate hike
After confusing markets at his July press conference, Fed Chairman Kevin Warsh used Jackson Hole to give a clearer view of the case for higher interest rates.
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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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