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Economy
The Fed has a big interest rate decision coming Wednesday. Here’s what to expect
Federal Reserve Chair Jerome Powell speaks during a news conference following the Nov. 6-7, 2024, Federal Open Market Committee meeting at William McChesney Martin Jr. Federal Reserve Board Building in Washington, D.C.Andrew…
Bank of England holds rates but vote split surprises markets
The Bank of England pictured in December 2024.Sopa Images | Lightrocket | Getty ImagesLONDON — The Bank of England on Thursday ended its last meeting of the year with a decision to leave interest rates unchanged, after U.K. inflation…
Russian central bank surprises markets by holding key rate at 21%
MOSCOW, Russia: The Russian central bank has cut its key interest rate by 300 basis points for a third time since its emergency hike in late February, citing cooling inflation and a recovery in the ruble.KIRILL Kudryavtsev | AFP | Getty…
Key Fed inflation measure shows 2.4% rate in November, lower than expected
Prices barely moved in November but still held higher than the Federal Reserve's target when looked at from a year ago, according to a Commerce Department measure released Friday.The personal consumption expenditures price index, the…
How Partygate could do for Johnson as Black Wednesday did for Major
Memories came flooding back as George Soros lambasted Vladimir Putin and Xi Jinping in Davos last week, although 30 years ago it was sterling rather than authoritarian leaders that the arch speculator had in his sights.As 1992 wore on,…
Russian space chief says the country should seriously consider printing more money to
Dmitry Rogozin said Russia could print more money to offset the impact of Western sanctions.
The Russian space chief said inflation could be avoided by…
25% of Americans delaying retirement due to inflation, survey says: Here’s how they’re…
More Americans are delaying their retirement amid a loss in savings and high inflation, according to a new survey. (iStock) Rising inflation is taking a toll on Americans, 60% of whom say it's had an adverse effect on their finances,…
Here’s how much a Forever stamp will cost you starting Sunday
The U.S. Postal Service blames inflation and increased operating expenses as the reason for a list of price hikes.
INDIANAPOLIS — It's about to cost a little bit more to mail a letter in the United States.…
Payrolls rose 390,000 in May, better than expected as companies keep hiring
The U.S. economy added 390,000 jobs in May, better than expected despite fears of an economic slowdown and with a roaring pace of inflation, the Bureau of Labor Statistics reported Friday.At the same time, the unemployment rate held at…
Why economists say you should ask for a raise in the New Year
Economists say now is a smart time to ask for a raise. "It's a worker's market. Workers have the power right now," says Beth Ann Bovino, chief economist at S&P Global. "Will it last through 2022? I would guess not. But up until the…