Diane Swonk

The FTSE 100 index ended down 177.73 points, or 1.7%

Federal Reserve Chair Kevin Warsh will probably raise interest rates today, as investors overwhelmingly expect

Governments must choose between passing fuel costs to consumers or taking on more debt

Governments must choose between passing fuel costs to consumers or taking on more debt

President Donald Trump berated Jerome Powell for years as he sought to pressure the then-Federal Reserve chairman to cut interest rates

Both benchmarks had initially climbed more than 3 per cent after markets opened, reported Reuters

US diesel hits record $6 a gallon on Iran supply shock

Bonds sharply sold off and stocks tumbled Wednesday after Treasury Secretary Scott Bessent’s latest effort to tamp down what he called market “fever” backfired

Energy products, potash, fish, and critical minerals are excluded from the duties

Demand comes as Tehran takes a hard line on compensation for war Trump started on February 28

The artificial intelligence boom has created a shortage of a critical commodity called memory chips, and a new front for corporate lobbying in Washington

The artificial intelligence boom has created a shortage of a critical commodity called memory chips, and a new front for corporate lobbying in Washington

The concern is showing up in recent institutional forecasts

If the trend continues, U.S. workers might find themselves squeezed on two fronts — a weakening job market and high inflation from an uncertain geopolitical conflict cutting into paychecks and household budgets.For the Federal Reserve, that combination presents an uncomfortable dilemma

With Trump's inflation approval hitting a historic low in new CNN polling, CNN News Central's Sara Sidner and Chief Data Analyst Harry Enten look at why a growing majority of his own party are saying he's not focused enough on prices and whether prediction markets expect a rate hike from the Fed this year

US government borrowing costs have hit their highest level since 2007 after the Federal Reserve voted to hold its key interest rate steady, feeding fears that the central bank may not move fast enough to tame a rise in inflation

Warsh was chosen to lead the U.S. central bank by Trump, who has made his demand for lower interest rates clear as he has exerted unprecedented pressure on the independent monetary policy making body

The Federal Reserve has for decades moved steadily from a remote, opaque government agency that shared little about what it did or why to a more transparent institution willing to explain how it makes decisions and what it thinks about the economy

Iranians are living between confusion and exhaustion as the country and its economy are squeezed between war and multiplying crises at home

Fresh evidence emerged Wednesday as the Consumer Price Index showed inflation rose 4.2 percent in May from a year earlier, the highest annual increase in three years

The Dow Jones Industrial Average jumped on Thursday while the Nasdaq Composite edged down as investors rotated from technological companies following weeks of steady gains

Economists polled by ​Reuters had forecast payrolls increasing by 85,000 jobs after a previously reported 115,000 rise in April

For many people, talk of bonds and yields and rates might sound like alphabet soup

Forbes contributors publish independent expert analyses and insights

US adds 115,000 jobs in April as labour market shrugs off energy shock

Fed holds rates steady for third straight meeting as four officials dissent

Consumer spending projected to have slowed further as inflation reduces spending power

The poll also shows the Republican Party’s support of the economy dwindle amid the higher gas prices as midterm elections near

Iran responded by launching missiles and drones targeting Israel and several Gulf Arab states that host U.S. armed forces

Filling up a family car with unleaded petrol now costs £8 more since Donald Trump launched his attacks on Iran at the end of last month

The national average price for a gallon of regular unleaded gasoline is on the verge of hitting $4 for the first time since 2022

Iran responded by launching missiles and drones targeting Israel and several Gulf Arab states that host U.S. armed forces

The public’s concern about future price surges had mellowed