US Economy Slips Into Recession as Inflation Weighs on Growth
U.S. economy contracted in second quarter, marking two consecutive quarters of negative growth, which is a common definition of a recession.
Fed Boosts Rates by Another 0.75 Percentage Point as Inflation Soars
The Federal Reserve raised interest rates by another 0.75 percentage point on July 27 during the July Federal Open Market Committee (FOMC) policy meeting. This is in line with...
Fed Raises Interest Rates by 0.75 Percentage Point to Combat Inflation
Federal Reserve raised interest rates by another 0.75 percentage point during the July Federal Open Market Committee (FOMC) policy meeting.
Ahead of Expected Dismal Economic Data, White House Seeks to Redefine ‘Recession’
White House economic advisers issued a note clarifying the definition of recession prior to the release next week of dismal economic data.
A Beginner’s Guide to Stocking Up Your Food Pantry in a Time of Shortages,...
Due to inflation and shortages, Americans are building food storage pantries to sustain their families in a time of growing uncertainty.
Oil Jumps After Biden Fails to Win Saudi Pledge to Pump More Crude
Oil prices rose as U.S. dollar softened and Biden wrapped up trip to Saudi Arabia, failing to secure pledge from country to boost crude output.
Key Economic Bellwether Shows America Could Be Heading Toward Recession
Some economists used cooper as barometer on strength of economy and Copper prices dropping weekly suggests a recession is looming.
Trump and GOP Governors Criticize Biden Administration Over Record Inflation
Trump and Republican governors criticized Biden admin, saying its poor decisions and policies have led to current record-high inflation.
The Real Cost of Inflation for Most Americans
The June inflation figure of 9.1 percent, highest since 1981, doesn’t tell half the story of how expensive life has become for Americans.
3rd Wave of Inflation Will Be Unleashed If Fed Doesn’t ‘Get Its Act Together’:...
Mohamed El-Erian warned a third wave of inflationary pressures is building and will be “unleashed” if Federal Reserve doesn’t act quickly.
Costco CEO: A Lot of People Are Experiencing a Recession Right Now and ‘Just...
Costco CEO Craig Jelinek warned middle class is OK financially, but people with less discretionary spending having difficulty with economy.
June Inflation Hits 9.1 Percent, New 40-Year High
Surging costs of fuel, housing, and food were major contributors to high inflation last month
The U.S. annual inflation rate climbed to 9.1 percent in June, topping...
