Tag: Inflation
US retail sales ticked up last month in sign of ongoing consumer resilience
WASHINGTON -- Americans spent a bit more at retailers last month, providing a small boost to the economy just as the Federal Reserve...
Will the Federal Reserve cut interest rates fast enough to deliver a 'soft landing'?
WASHINGTON -- American consumers and home buyers, business people and political leaders have been waiting for months for what the Federal Reserve is...
Argentina's President Milei presents 2025 budget, vowing austerity and setting up a showdown
BUENOS AIRES, Argentina -- Libertarian President Javier Milei of Argentina presented the 2025 budget to Congress late Sunday, outlining policy priorities that reflected...
Biden is taking on cheap products from China. It could mean higher prices
WASHINGTON -- The Biden administration is cracking down on cheap products sold out of China, expanding a push to reduce U.S. dependence on...
Russian central bank hikes rates to fight inflation fueled by military spending in growing economy
MOSCOW -- Russia's central bank raised its key interest rate by a full percentage point to 19% to combat high inflation as government...
Asian markets trade mixed after Wall Street climbs closer to its record high
HONG KONG -- Asian stocks were mixed Friday after stocks in the United States pulled closer to their records following a couple of...