Inflation on many everyday items was entirely due to tariffs, NY Fed says
Tariffs added 2.9 percentage points to inflation in 67 categories of goods by February 2026, researchers at the New York Federal Reserve found.
Tariffs added 2.9 percentage points to inflation in 67 categories of goods by February 2026, researchers at the New York Federal Reserve found.
government
Oil prices rose amid reports on Thursday that the White House is weighing new strike options on Iran, less than a month before the November elections. Brent crude, the global benchmark, increased to $104.60 per barrel with a 4.4 percent jump on Thursday morning. The U.S. benchmar...
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The majority of Federal Open Market Committee (FOMC) officials believed another rate hike was on the horizon this year, according to minutes from the panel’s last meeting the central bank released Wednesday. “With regard to the outlook for monetary policy beyond the current meeti...
government
President Trump dismissed a question Wednesday about his administration sending money to Americans ahead of the midterms, choosing instead to tout his tariffs. “What we’re doing is we have tremendous growth. We have the greatest growth of any country, maybe ever in history,” the ...
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The Survey of Consumer Expectations indicated that the median outlook for inflation over the next 12 months rose to 3.9%.
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Truck stops were warned by industry groups against selling red-dyed diesel, saying there is “limited upside” to its sale following reported record-high diesel prices across the U.S. “The White House appears to be trying to encourage the supply chain to move toward selling dyed fu...
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We expect energy expenditures this winter to vary because of diverging trends in energy prices among fuels and regional variation in forecast temperatures. We expect that lower prices for natural gas and propane will drive decreases in expenditures this year for the half of U.S. ...
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HSBC and Goldman Sachs expect the RBI to raise interest rates in December as well.
business
Rising mortgage rates are lowering the odds of prospective homebuyers entering the market and adding to the tough economic slate for President Trump and the GOP just weeks ahead of the midterms. The average 30-year fixed mortgage rate was 7.28 percent last week — the highest mark...
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Kristalina Georgieva warns that the technology lifting growth hopes is also pushing up inflation and yields, just as public debt levels rose.
business
The U.S. trade deficit rose to a 17-month high in August, topping $100 billion for the first time since March 2025. U.S. imports of goods and services that month were worth $105.6 billion more than the value of exports, according to data the Census Bureau and Bureau of Economic A...
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That marked a 13.7% jump from July and was ahead of the Dow Jones consensus estimate for $102 billion.
