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With inflation rising sharply, and the Federal Reserve raising interest rates, the United States is facing an increased risk of a downturn.
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With inflation rising sharply, and the Federal Reserve raising interest rates, the United States is facing an increased risk of a downturn.
Stocks rose in Asia on Friday following another rally on Wall Street as investors try to process central bank moves to fight soaring inflation.
Federal Reserve Chair Jerome Powell downplayed the idea that government pandemic aid was the key factor fueling US inflation.
The Biden administration has called oil giants to Washington Thursday to discuss what can be done to address runaway gasoline prices.
Economic growth in the eurozone plummeted in June, a key survey showed, as high prices took the wind out the strong recovery.
The US economy is strong but faces an "uncertain" global environment and could see further inflation "surprises," Jerome Powell said,
US President Joe Biden will ask Congress Wednesday to suspend the federal gas tax for three months as skyrocketing prices cause anger.
British annual inflation has hit a fresh 40-year high, official data showed Wednesday, further eroding workers’ wages and pressuring the Bank of England to...
The American economy remains strong, a White House economist asserted.
Central banks have ramped up their battle against runaway inflation, a necessary remedy that could have the adverse side effect of tipping countries into...