GDP grew by 1.5 percent in the second quarter following a 2.1 percent increase in the first quarter.

United States inflation jumped at its fastest pace in three years as the ongoing US-Israel war on Iran fuelled higher energy prices. Personal consumption expenditures — the US Federal Reserve’s ...

U.S. inflation cooled last month as the cost of gas, clothes, and used cars fell, providing some relief to consumers, while underlying price pressures also cooled more than expected. Prices dropped 0.

Elevated inflation partly reflects supply shocks that that have increased prices, including of energy, the Fed said.

(The Conversation) — Americans don’t need a press release to know that inflation is rising. Gasoline is above $4 per gallon amid the ongoing conflict in the Middle East and closure of the Strait of ...

Stay up to date with our Up First newsletter, sent every weekday morning. Soaring gasoline prices, triggered by the U.S. war with Iran, have pushed inflation to its highest level in more than three ...

Fed Chair Kevin Warsh told lawmakers the central bank won't tolerate persistently elevated inflation and will take the steps needed to preserve price stability.

The rand remained resilient after the US Federal Reserve left interest rates unchanged, although economists warned that ...