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Us Interest Rates

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Explained: How Will We Know If The US Economy Is In Recession?

By far the biggest threat to the economy remains inflation, which is still near its highest level in four decades. Even for workers who received sizable raises, their pay has dropped once it’s adjusted for inflatio

28 October 2022

Russia's Central Bank Slashes Rate, Saying Inflation Slows

The bank lowered its key rate by 1.5 percentage points, to 8 per cent. It said inflation expectations have “significantly decreased," reaching spring 2021 levels, while a decline in business activity was slower than...


US Inflation

US Inflation At New 40-Year High As Price Increases Spread

Consumer prices surged 8.6% last month from a year earlier, faster than April’s year-over-year increase of 8.3%, the Labor Department said Friday


Worsening Inflation Will Pressure Fed To Keep Raising Rates

Consumer prices, excluding volatile food and energy costs, jumped 6.6 per cent in September from a year ago — the fastest such pace in four decades

14 October 2022

Gasoline prices are displayed at a gas station on Thursday, June 9, 2022, in Salt Lake City

$5 Gas Is Here: AAA Says Nationwide Average Hits New High

Auto club AAA said the average price on Saturday was $5.00. Motorists in some parts of the country, especially California, are paying far above that


The New York Stock Exchange operates during normal business hours in the Financial District

US Markets Stumble 2.8% As Worries About Interest Rates Worsen

The S&P 500 sank 2.8 per cent and marked its third losing week in a row. The Dow Jones Industrial Average slumped 2.8 per cent, its biggest drop in 18 months, after briefly skidding more than 1,000 points

23 April 2022

US Economy

US Economy Shrank 0.9% Last Quarter, Its Second Straight Drop

Consecutive quarters of falling GDP constitute one informal, though not definitive, indicator of a recession

28 July 2022

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