Ahead of the next Federal Reserve meeting later this month, tensions between the White House and the central bank have reached a fever pitch. On Wednesday, a senior White House official told CNBC and other news outlets that President Donald Trump was likely to soon fire Fed Chair Jerome Powell. Trump later denied those reports, although he said he…
People shop at a Manhattan retail store on July 15, 2025 in New York City. Spencer Platt | Getty Images Consumers’ worst fears about tariff-induced inflation have receded, though they are still wary of price increases to come, according to a University of Michigan survey Friday. The university’s closely watched Survey of Consumers for July…
A customer visits a store at Togoshi Ginza shopping street in Tokyo on January 23, 2025. Philip Fong | Afp | Getty Images Japan’s core inflation cooled to 3.3% in June, coming down from a 29-month high of 3.7% as rice inflation showed signs of easing. The figure — which strips out costs for fresh…
New Isuzu Motors Ltd. trucks bound for shipment at a port in Yokohama, Japan, on Sunday, July 13, 2025. Bloomberg | Bloomberg | Getty Images Japan’s exports in June contracted 0.5% year over year, extending the 1.7% drop seen in May as deliveries continued to decline for the second straight month. The decrease in exports…
A measure of wholesale prices showed no change in June, providing a conflicting sign over whether tariffs threaten to boost inflation in the coming months. The producer price index was flat, according to seasonally adjusted numbers from the Bureau of Labor Statistics reported Wednesday. Economists surveyed by Dow Jones had been looking for an increase…
Customers line up at the check out booth on April 18, 2025 at a Costco branch in Niantic, Connecticut. Robert Nickelsberg | Getty Images The annual inflation rate ticked higher in June, in line with expectations, as lower prices at the gasoline pump somewhat offset higher prices at the grocery store. Economists said they expect…
Consumer prices rose in June as President Donald Trump’s tariffs began to slowly work their way through the U.S. economy. The consumer price index, a broad-based measure of goods and services costs, increased 0.3% on the month, putting the 12-month inflation rate at 2.7%, the Bureau of Labor Statistics reported Tuesday. The numbers were right…
M Swiet Productions | Getty Images Eligibility for Social Security retirement benefits starts at age 62. But for prospective beneficiaries who can wait, the biggest benefit becomes available at age 70. For many retirees, that poses a dilemma — how to fund those interim years while they wait to claim that highest monthly benefit check….
A variety of school supplies, including lunch boxes and backpacks in different colors and patterns, are on display for the upcoming school year. Deb Cohn-Orbach | UCG | Universal Images Group | Getty Images Although inflation is cooling, President Donald Trump’s new tariff rates are threatening to drive prices higher, which could leave some parents in a bind…
Investors may want to consider bracing for a weaker stock market performance over the next six months. According to Vanguard’s Roger Hallam, it’s prudent for long-term investors to have sufficient exposure to fixed income in this environment. “Our outlook for the second half of this year is that growth will slow,” the firm’s global head…
