European Central Bank President Christine Lagarde said the central bank can raise rates faster, if needed. Handout | Getty Images News | Getty Images European Central Bank President Christine Lagarde on played down concerns about a recession in the euro zone, also saying her team is ready to raise rates at a faster pace — …
ECB Lagarde plays down recession risks at Sintra Forum Read More »
GARMISCH-PARTEIRCHEN, Germany (AP) — Leaders of the world’s biggest development are weighing a cap on the price of Russian oil meant to strike at the main pillar of the Kremlin’s finances following its invasion of Ukraine — and to limit the havoc that high energy prices are wreaking worldwide. Details haven’t been agreed at the …
Oil price cap could strike Russia’s war chest — if enforced Read More »
A money changer holds Turkish lira and US dollar banknotes at a currency exchange office in Ankara, Turkey December 16, 2021. Cagla Gurdogan | Reuters Turkey’s currency, the lira, enjoyed a much-welcomed boost on Monday and the preceding Friday after the country’s banking regulator announced a ban on lira loans to companies holding what it …
Turkish lira whipsaws following new loan ban that’s set to affect thousands of companies Read More »
With inflation at 40-year highs, workers across all income levels are having a harder time making ends meet. As of May, 58% of Americans — roughly 150 million adults — live paycheck to paycheck, according to a new LendingClub report. That’s down slightly from 61% who reported living paycheck to paycheck in April, but up …
More than half of Americans live paycheck to paycheck amid inflation Read More »
ELMAU, Germany (AP) — The Group of Seven economic powers are set to commit themselves to supporting Ukraine for the long haul, with the US preparing to announce the purchase of an advanced surface-to-air missile system for Kyiv. Leaders are also set to announce an agreement to pursue a price cap on Russian oil, raise …
G-7 set to back pursuing Russian oil price cap, tariff hikes Read More »
By RFE/RL staff – Jun 26, 2022, 12:00 PM CDT Food prices are continuing to climb across the globe. Iran has seen its consumption of fruits and vegetables collapse by as much as 30%. Food supplies could be disrupted in Iranian hospitals and government facilities in the coming weeks. Iranians are consuming fewer fruits and …
Iranian Food Consumption Plummets As Prices Soar Read More »
WASHINGTON (AP) — Furious about surging prices at the gasoline station and the supermarket, many consumers feel they know just where to cast blame: On greedy companies that relentlessly jack up prices and pocket the profits. Up to that sentiment, the Democratic Respond-led House of Representatives last month passed on a party-line vote — most …
Did corporate greed fuel inflation? It’s not biggest culprit Read More »
President Joe Biden remarks on efforts to lower high gas prices at the Eisenhower Executive Office Building in Washington, DC on June 22, 2022. Jim Watson | AFP | Getty Images President Joe Biden has called on Congress to put a three-month federal gas tax holiday in place to help ease the financial pain drivers …
A shopper inside a women’s clothing store in the East Village neighborhood of Des Moines, Iowa, on Saturday, Feb. 5, 2022. Kathryn Gamble | Bloomberg | Getty Images A widely followed consumer sentiment survey released Friday showed inflation had eased slightly. The University of Michigan’s Surveys of Consumers said consumers expect inflation to rise at …
Consumer sentiment survey followed by the Fed shows inflation expectations ease slightly Read More »
People walk past a “We’re Hiring” sign posted outside of a restaurant in Arlington, Virginia on June 3, 2022. Olivier Douliery | AFP | Getty Images The number of Americans filing new claims for unemployment benefits edged down last week as labor market conditions remained tight, though some slowing is emerging. Initial claims for state …
U.S. weekly jobless claims grind lower amid tight labor market Read More »
