U.S. Inflation Soars Above 4%, Hitting 3-Year High. Global Central Banks Take Action
Inflation is heating up again. The cost of gas at the pump has spiked, and so have prices for everyday goods and services. Middle-class Americans continue to struggle with the high cost of living. U.S. consumer inflation in May jumped at the fastest pace in over three years, climbing to 4.2% from a year ago,...
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What will the new Fed Chair’s approach mean for markets?
Federal Reserve Holds Rates Steady, Hints at 2026 Rate Hike There’s a new sheriff in town at the nation’s central bank. Under the leadership of new Federal Reserve Chairman Kevin Warsh, the central bank voted today 12-0 to hold interest rates steady at 3.5-3.75%. There were some surprises. The big news that caught investors off...
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