Inflation edged higher in July, according to the Federal Reserve's preferred inflation measure, indicating that President Donald Trump's tariffs are working their way through the U.S. economy.The personal consumption expenditures price index showed that coreinflation, which excludes food and energy costs, ran at a 2.9% seasonally adjusted annual rate, according...
Category: Economy
From the ‘Big Stay’ to a ‘no-hire, no-fire’ freeze, labor markets are seeing sizable shifts
Casarsaguru | E+ | Getty ImagesMillions of workers left their jobs during the "Great Resignation" of the Covid-19 pandemic, but economic insecurity and uncertainty have once more turned the tides of the labor market toward the "Great Stay."Economists coined the term to refer to fewer employees leaving jobs, and fewer...
Modi gives tax boon to India’s economy amid Trump tariff tensions
Narendra Modi, India's prime minister, during the nation's Independence Day ceremony at Red Fort in New Delhi, India, on Friday, Aug. 15, 2025.Bloomberg | Bloomberg | Getty ImagesIndian markets rallied on Monday as Prime Minister Narendra Modi's recently revealed tax cuts extended a gift to a domestic economy that still...
Economist Sumerlin confirms he’s in the running for Fed chair, backs big interest rate cut
Economist Marc Sumerlin, one of nearly a dozen reported contenders for Federal Reserve chair, said Thursday he'd be interested in the job and believes an aggressive interest rate cut would be appropriate.Sumerlin, a former senior economist under then-President George W. Bush, said on CNBC that lowering the Fed's key rate...
Wholesale prices rose 0.9% in July, much more than expected
Wholesale prices rose far more than expected in July, providing a potential sign that inflation is still a threat to the U.S. economy, a Bureau of Labor Statistics report Thursday showed.The producer price index, which measures final demand goods and services prices, jumped 0.9% on the month, compared with the...