A heated congressional hearing saw Rep. Maxine Waters revive her ‘reclaiming my time’ mantra, culminating in a sharp demand for the chair to silence Treasury Secretary Scott Bessent. The exchange underscores the deep political divide over the causes of inflation and housing affordability ahead of the midterms.
An unexpected jump in the Producer Price Index for December underscores the stubborn nature of inflation, with rising wholesale costs threatening to ripple through the economy and sustain higher prices for households.
UK inflation ticked up to 3.4% in December, remaining stubbornly above the Bank of England's 2% target. While down sharply from 2022 peaks, persistent price pressures and a softening economy present a complex challenge for policymakers as they navigate further interest rate decisions.
Eurozone inflation fell to 1.7% in January, slipping below the European Central Bank's 2% target for the first time since late 2024. The surprise drop, driven by plunging energy costs, intensifies the debate on the timing of potential interest rate cuts.
As Kevin Warsh emerges as the nominee for Federal Reserve Chair, a review of his tenure reveals a central banker deeply concerned with inflation credibility, yet guided by data. His potential leadership signals a pivot toward rules-based policy, setting the stage for a delicate balancing act between political pressure and economic orthodoxy.
In a congressional hearing, Treasury Secretary Scott Bessent retracted his earlier warning that tariffs are inflationary, citing current economic growth and moderating price pressures despite a year of trade measures.
Despite facing persistent commodity inflation and a value-conscious consumer base, Reynolds Consumer Products reported resilient fourth-quarter performance, marked by market share gains and improved profitability. The company's strategic focus on innovation and cost management helped offset headwinds, even as it forecasts continued pressure in 2026.
As Pi (PI) trades 94% below its peak, the project's core team executed a massive internal transfer of 500 million tokens in early February. This move coincides with a record monthly unlock of over 193 million Pi, creating a critical test for the struggling network's ecosystem and investor sentiment.
As generative AI tools become go-to sources for financial queries, GOBankingRates put their forecasting skills to the test. We compare their inflation predictions with expert analysis to see where the algorithms align with reality—and where they miss crucial context.
A viral social media trend looking back at 2016 has sparked a sobering financial reality check. New analysis reveals the dramatic loss of purchasing power for what was once considered a lofty income milestone, with essential costs soaring far beyond headline inflation rates.
In a move that caught some off guard, the Reserve Bank of Australia has raised interest rates for the first time since late 2023, pushing the cash rate to 3.85%. The decision follows a recent uptick in inflation and signals a renewed battle to cool the economy.
The Reserve Bank of Australia has raised its cash rate for the first time since 2022, signaling a shift in policy as the economy outperforms expectations and inflation proves more persistent than forecast.
A new Treasury Department assessment paints a picture of an economy entering the new year with sustained momentum, driven by business investment and consumer spending, while key inflation metrics show continued moderation.
The actively managed Schwab Core Bond ETF (SCCR), launched in early 2025, is gaining attention for its monthly distributions and a current yield of 4.32%. The fund focuses on high-quality U.S. dollar-denominated debt, offering retirees and other investors a potential source of predictable income in a shifting rate environment.
With interest rates in flux and inflation still outpacing many high street offers, finding a competitive home for your cash is crucial. We break down the top accounts across all categories to help your savings work harder.
In a significant shift, Harvard College reports a nearly 7-point decline in 'A' grades awarded last semester, marking the first tangible result of a faculty-led campaign to restore meaning to academic evaluations and combat rampant grade inflation.
U.S. stock futures pointed lower Monday, extending Friday's sell-off fueled by inflation concerns, a hawkish Fed chair nominee, and a brutal commodities rout. Wall Street analysts scrambled to adjust ratings on major tech and energy names amid the shifting landscape.
For those on a fixed income, inflation isn't just an economic indicator—it's a direct assault on financial security. Experts warn that failing to plan for rising costs can halve a retiree's purchasing power over decades. Here’s a strategic guide to building a resilient portfolio.
As the Bank of England prepares for a leadership transition in 2028, a debate ignited by former Fed governor Kevin Warsh gains traction: should central banks shed ancillary roles and return to their core mission of price stability?
A recent report by Congressional Democrats highlights rising costs for Arizonans, but a local economist argues the figures lack crucial context on 'normal' inflation, igniting a political firestorm over economic messaging.
