Rep. Brian Fitzpatrick, R-Pa., talks with a reporter in the U.S. Capitol’s Statuary Hall on Friday, March 27, 2026. Tom Williams | CQ-Roll Call, Inc. | Getty Images Republicans have said for months that inflation is former President Joe Biden‘s problem. Now, they’re staring down the barrel of an inflation crisis of their own making…
Treasury yields fell on Tuesday as bond markets returned from a Memorial Day break to bolstered hopes of a Middle East peace deal, even as the U.S. military conducted fresh strikes on Iran. The yield on the 10-year U.S. Treasury note — the key benchmark for U.S. government borrowing — fell more than 6 basis…
It may be a holiday-shortened week of trading on Wall Street. But the four days are filled with updates on some of the market’s biggest debates: Is AI eating software? Is the American consumer OK? And what’s happening with inflation? Let’s get into it. 1. Earnings: Salesforce reports on Wednesday night. Unfortunately, the stock has…
A housewife (R) buys vegetables at a wet market in Singapore Roslan Rahman | Afp | Getty Images Singapore on Monday reported a lower-than-expected rise in consumer prices for April at 1.8% on the back of a smaller increase in services and retail inflation. Reuters-polled economists had estimated inflation at 2%. Core inflation — which…
Consumer sentiment has tumbled to a fresh record low in May as fears of higher prices grow due to the U.S.-Iran war and elevated oil prices, the University of Michigan’s Surveys of Consumers said Friday. The index of consumer sentiment fell to 44.8 from a preliminary reading of 48.2. It’s also well below the 49.8…
Kevin Warsh, then U.S. President Donald Trump’s nominee for Chair of the Federal Reserve, delivers an opening statement during his Senate Committee on Banking, Housing, and Urban Affairs confirmation hearing in the Dirksen Senate Office Building on April 21, 2026 in Washington, DC. Andrew Harnik | Getty Images Incoming Federal Reserve Chair Kevin Warsh‘s talk…
A gas station attendant refuels a customer’s car in Tokyo on April 24, 2026. Kazuhiro Nogi | Afp | Getty Images Japan’s core inflation eased more than expected in April to its lowest level since March 2022, potentially weakening the case for an early rate hike by the Bank of Japan. Core inflation — which…
Containers at a shipping terminal in Yokohama, Japan on Oct. 18, 2021. Japan’s trade deficit surged in September as imports overwhelmed export growth. Kiyoshi Ota | Bloomberg | Getty Images Japan’s exports climbed 14.8% in April, the fastest pace since January and solidly beating expectations on a surge in semiconductor shipments. The figure was sharply…
U.S. Federal Reserve Chair Jerome Powell attends a press conference in Washington, D.C., the United States, on April 29, 2026. Li Rui | Xinhua News Agency | Getty Images A majority of Federal Reserve officials at their most recent meeting anticipated that interest rate increases would be necessary if the Iran war continued to aggravate…
Commuters cross London Bridge with the view to Tower Bridge and the Canary Wharf district in London, UK, on Tuesday, Nov. 18, 2025. Bloomberg | Bloomberg | Getty Images LONDON — European stocks struggled to gain momentum on Wednesday, as global markets keep a close eye on elevated bond yields and a lower-than-expected U.K. inflation…
