Economy
Inflation Jumps to Highest Since 2023: Gas, Airfares, Housing Drive Costs Up
U.S. inflation hit its highest level since May 2023 in April, with consumer prices up 3.8% annually. Soaring gasoline prices, airfares, and...
#Inflation 186 articles
Markets
Gold Plunges 1.2% as Mideast Tensions Reignite Inflation Fears
Gold prices experienced a sharp decline on Monday, with spot gold falling 1.2 percent, as a stalemate in U.S.-Iran peace talks sent...
Economy
China’s Factory Inflation Hits Post-Covid High on Iran War Cost Shock
China's producer prices jumped 2.8% in April, the fastest since the pandemic, as the Iran war fallout sharply raised costs. This ends...
Markets
UK Businesses Increase Temp Staffing to Counter Volatility
British employers are increasingly turning to temporary workers, a recent survey shows, as they navigate economic turbulence exacerbated by geopolitical events. Permanent...
Economy
Inflationary Pressures Mount as US Consumers Face Persistent Price Hikes
New consumer price data is expected to confirm rising inflation, with economists forecasting a 0.6% CPI increase for April, deepening consumer frustration.
Economy
Layoffs, Inflation Batter Iran’s War-Struck Economy
Iran's economy faces mass layoffs and soaring inflation due to war, compounded by destroyed infrastructure and internet blackouts, creating a dire outlook...
Markets
Mortgage Rates Rebound: 30-Year Fixed Hits 6.37% Amid Inflation Fears
The average long-term U.S. mortgage rate rose for a second consecutive week, with the 30-year fixed rate reaching 6.37%, returning to levels...
Economy
Jobless Claims Tick Up to 200K, Still Near Historic Lows
US jobless claims rose to 200,000 last week, a slight increase but remaining historically low amid inflation and global economic uncertainty.
Economy
BoC Ready to Hike Rates if Energy Prices Fuel Broader Inflation
Bank of Canada Governor Tiff Macklem told MPs that interest rate hikes are possible if high energy prices lead to persistent, generalized...