Dow drops 650 points as U.S. stocks fall sharply after Powell warns of pain to households in inflation battle
admin U.S. stocks were sinking Friday afternoon after Federal Reserve Jerome Powell said the central bank…
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Fed’s Powell says bringing down inflation will cause pain to households and businesses in Jackson Hole speech
Federal Reserve Chairman Jerome Powell used the spotlight on the central bank’s Jackson Hole retreat…
Read MoreUS consumer outlook improves in August as inflation expectations fall to 8-month low
The numbers: A survey of U.S. consumers saw sentiment rise in August as falling prices…
Read MoreGDP shrank at 0.6% annual pace in second quarter, but it wasn’t all bad news
The numbers: The economy contracted at an annual 0.6% pace in the second quarter, updated…
Read MoreU.K. inflation could surge to 19% by next year, Citi economist says
Just as consumers are getting used to double-digit inflation, a new forecast says U.K. inflation…
Read MoreGerman annual producer prices climb 37.2%, highest increase on record
Germany’s producer prices rose strongly in July, driven by higher energy prices, posting the biggest…
Read MoreU.K. consumer prices surge by 10.1% in July to highest since early 1980s
It’s not peak inflation in the U.K. U.K. annual consumer prices surged 10.1% in July…
Read MoreU.K. consumer prices surge by 10.1% in July to highest since early 1980s
U.K. annual consumer prices surged 10.1% in July to the highest level since the 1980s…
Read MoreA weaker U.S. dollar helped lift the stock market — but the greenback’s peak may still be ahead
A pullback in the U.S. dollar earlier this week was credited with helping to lift…
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Opinion: Inflation report brings 2 pieces of good news for retirees and retirement savers
Retirees and those seeking secure income got two items of very good news this week,…
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