Fed’s Kashkari: inflation still too high
(Reuters) - Minneapolis Federal Reserve Bank President Neel Kashkari on Tuesday said it has taken much longer than expected for...
Economy
U.S. mortgage rates near 8%, rising for the sixth week in a row
U.S. mortgage rates rose for the sixth week in a row amid worries over another potential interest-rate hike by the...
EU adds Belize, Seychelles, Antigua and Barbuda to tax havens list
By Sarah Morland (Reuters) -The Council of the European Union on Tuesday added the Indian Ocean island state of Seychelles...
Americans’ net worth grew 37% after pandemic hit: Fed survey
American families posted double-digit percent increases in their real median net worth over the past three years, the Federal Reserve...
Social Security’s 3.2% COLA reflects cooling inflation
With the release of the September CPI-W inflation number, the Social Security Administration announced that the COLA for 2024 will...
California trucking group challenges state’s zero-emissions rule
LOS ANGELES (Reuters) - The California Trucking Association (CTA) has asked a federal judge to stop a state rule that...
Ford Motor Co., Stellantis lays off workers, says dismissals are ‘direct result’ of UAW strikes
Following the expanded United Auto Workers (UAW) strikes, Ford Motor Co. and Stellantis announced Thursday that they are laying off...
Beige Book sees ‘slightly weaker’ U.S. economy — and easing inflation
The U.S. economy exhibited “stable” to “slightly weaker” growth in the early fall, a Federal Reserve survey found, helping to...
Australia central bank sees challenging economy, inflation risks
SYDNEY (Reuters) - The head of Australia's central bank on Wednesday said the domestic economy was in a "challenging" situation...
Philadelphia Fed manufacturing gauge remains in contractionary territory for second straight month
The numbers: The Philadelphia Federal Reserve said Thursday its gauge of regional business activity remained in contractionary territory for the...
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