Fed's Mester sees interest rates topping 4% this year, no rate cuts in 2023
Federal Reserve Bank of Cleveland President Loretta Mester said on Wednesday that policymakers need to raise interest rates into restrictive territory to cool inflation.
Job openings unexpectedly climb in July to 11.2M, hovering near record high
The Labor Department reported on Tuesday that there were 11.2 million job openings at the end of July as employers competed to hire a limited number of available workers.
Zelenskyy says Ukraine can be 'stable' energy source for Europe: 'Winter won't be easy'
Ukrainian President Volodymyr Zelenskyy tells European business leaders that Ukraine can be a 'stable' sources for energy if Russia's war effort does not stop them.
Diesel and heating fuel supplies dangerously low
Diesel and heating oil inventories are dangerously low in the Northeast, prompting concerns as winter approaches and people begin
Powell's hawkish tone in Jackson Hole raises bets of another super-sized rate hike
Federal Reserve Chairman Jerome Powell warned that interest rates will remain elevated for "some time," raising the odds on Wall Street of another 75 basis point increase.
Russia burns gas amid European supply shortages, environmental disaster warn officials
A Russian-owned natural gas compressor station operated by Gazprom has been burning gas at an excessive rate amid gas shortages in Europe.
Fed's preferred inflation gauge eases in July but remains near 40-year high
The personal consumption expenditures index, which is closely watched by the Federal Reserve as it tries to wrestle inflation back to 2%, rose again in July.
Tips for navigating a recession
The U.S. economy entered a technical recession in the second quarter of the year, which could spell financial trouble for millions of Americans as inflation rages.
Home prices tumble in July, posting biggest decline since 2011
Black Knight said in a new report on Wednesday that home prices dropped 0.77% in July, the first monthly decline in three years and the biggest drop since 2011.
California to hold final hearing on banning sale of new gas cars by 2035
California is set to ban the sale of emissions-producing vehicles by the year 2035 in an effort to reduce the state's contribution to global climate change.
US pending home sales drop again in July, tumbling to lowest level since 2020
The National Association of Realtors said on Wednesday that its pending home sales index dropped 19.9% in July compared with last year, the lowest level since early 2020.
Judge rules against Ben & Jerry's effort to pull product from Israeli shelves
A judge has rejected a request from Ben & Jerry's ice cream company to prevent its parent company from selling its product to be sold in Israeli settlements.
US new home sales plunge for sixth straight month to lowest level since 2016
Purchases of new homes in the U.S. fell even more than expected in July as record-high home prices and rising borrowing costs priced buyers out of the market.
Surging rents squeezing middle-class Americans the hardest, study shows
Rent is skyrocketing nationwide, squeezing U.S. households across the country
Fewer Americans are switching to new jobs, NY Fed survey shows
The New York Federal Reserve said in survey published on Monday that fewer workers switched jobs in July, a sign the "Great Resignation" may be starting to cool off.
Oil expert explains the only 'concrete action' Biden admin took to lower gas prices
Lipow Oil Associates President Andy Lipow explained on 'Mornings with Maria,' Monday, the only 'substantive action' the Biden administration has taken to try and alleviate gas prices for Americans.
Gas prices drop below $4 again, AAA says
Gas prices slid back below $4 per gallon last week as demand continues to fall, according to AAA.
US economy likely to face recession by year's end as growth continues to slow, report says
The Conference Board's leading economic index dropped for the fifth consecutive month, suggesting the U.S. economy is slowing and could be headed for a recession.
Biden's oil, gas moratorium dealt potentially fatal blow by federal court
A federal judge struck down the federal oil and gas leasing moratorium Thursday evening, potentially ending the policy President Biden has pursued since taking office.
Fed minutes reveal interest rates could remain ‘restrictive’ for some time
The latest Federal Reserve meeting minutes showed that the Fed governors believe interest rates should remain "restrictive" in the coming months.


















