Inflation

The central bank now pays 5.4 percent annual interest on ’reserves’—any money a bank leaves parked at the Fed overnight.

June saw retailers heavily investing in their operations and supply chains and trying to drive sales by discounting.

A leading economic indicator has signaled a recession situation for a fifth consecutive month.

The average cost to host a Fourth of July cookout increased by 5 percent year over year, bureau said.

‘Australia is the only G10 country where underlying inflation has increased since December,’ Deutsche Bank’s chief economist said.

Fed policymakers ‘certainly don’t want to cause a recession when it’s unnecessary—that’s the balancing act,’ Ms. Yellen said.

Former Treasury Secretary Larry Summers argues against growing optimism that inflation pressures are easing.

He singled out rising unemployment claims, increases in debt delinquency rates, and what seems to be cooling in consumer spending.

An Australian politician told parliament that continual wage rises under Labor were a sign the nation was in financial distress.

Bill states that land use regulation is the responsibility of state and local governments, but now federal support is needed to achieve ’reforms.’

President Biden’s policies are providing more ‘breathing room’ for U.S. households, says top White House economist Lael Brainard.

Following the decision by the Monetary Policy Committee on Thursday, economists and borrowers are now looking to the August vote for interest rate cuts.

In the United States, 24 percent of pet owners have taken out pet insurance, according to a survey.

The board said it remains resolute in its determination to return inflation to target and will do what is necessary to achieve that outcome.

A chorus of market watchers believe it might be time to retire this objective.

Latest producer price index comes after drop in annual inflation rate.

‘If the debt is stabilized relative to the size of the economy, we’re in a reasonable place,’ the treasury secretary said.

The latest inflation reading comes ahead of a critical Federal Reserve policy meeting.