Here’s the inflation breakdown for January 2024 — in one chart
People shop at a home improvement store in Brooklyn on Jan. 25, 2024. Spencer Platt | Getty Images News | Getty Images Inflation declined in...
Zimbabwe Will Attempt to Establish Gold-Backed Currency
Harare, Zimbabwe — Zimbabwe’s government said Monday it is introducing a gold-backed currency to replace the country’s nearly worthless dollar, which most businesses have shunned,...
Recession risks are fading, business economists say, but political tensions pose threat to economy
WASHINGTON (AP) — Just a quarter of business economists and analysts expect the United States to fall into recession this year. And any downturn would...
Inflation in December was even lower than first reported, the government says
People shop in a supermarket in the Manhattan borough of New York city on January 27, 2024. Charly Triballeau | AFP | Getty Images The...
Credit card debt: Renters and poor people are falling behind
NEW YORK (AP) — While the U.S. economy is broadly healthy, pockets of Americans have run through their savings and run up their credit card...
Payrolls grew by 353,000, much better than expected
Job growth posted a surprisingly strong increase in January, demonstrating again that the U.S. labor market is solid and poised to support broader economic growth....
Commodity markets are in a ‘super squeeze’— higher prices may continue
SUIXI, CHINA – DECEMBER 30: An employee works on the production line of aluminum foil at a workshop of Anhui Limu New Material Technology Co.,...
IMF ups global growth forecast on U.S. resilience, China policy support
Buildings in Pudong’s Lujiazui Financial District in Shanghai, China, on Monday, Jan. 29, 2024. Bloomberg | Bloomberg | Getty Images The International Monetary Fund on...
investors await key data, Fed meeting
U.S. Treasury yields declined Monday as investors looked ahead to a week of key economic data and the Federal Reserve’s first interest rate decision of...
PCE inflation December 2023:
An important inflation gauge released Friday showed that the rate of price increases cooled as 2023 came to a close. The Commerce Department’s personal consumption...