Federal Reserve is set to cut rates again while facing a hazy post-election outlook
WASHINGTON -- No one knows how Tuesday's presidential election will turn out, but the Federal Reserve's move two days later...
Inflation
IRS announces pension and retirement plan contribution adjustments for 2025
The IRS has announced an increase to the amount individuals can contribute to their 401(k) plans in 2025, to $23,500,...
PCE index, the Fed’s preferred inflation measure, drops to 2.1%. Here’s what it means for interest rates.
The personal consumption expenditures (PCE) price index, the Federal Reserve's preferred inflation measure, dropped to 2.1% last month on an...
US economy is believed to have grown at a solid pace again last quarter
WASHINGTON -- Powered by consumer spending, the U.S. economy likely kept expanding at a healthy pace from July through September...
This week: Consumer confidence, inflation, employment
A look at some of the key business events and economic indicators upcoming this week.Confidence checkupThe Conference Board publishes its...
Russia’s central bank raises interest rate to 21% to fight inflation boosted by military spending
MOSCOW -- Russia’s central bank on Friday raised its key interest rate by two percentage points to a record-high 21%...
Judge delays order in antitrust case requiring Google to open up its app store
SAN FRANCISCO -- A federal judge on Friday delayed an order requiring Google to open up its Android app store...
Wealthier Americans are driving retail spending and powering US economy
WASHINGTON -- It’s a trend that has surprised many: Why, despite being squeezed by high prices, have Americans kept spending...
US shoppers spent more at retailers last month despite higher prices
WASHINGTON -- Americans stepped up their purchases at retailers last month as low unemployment, steady pay gains and rising stock...
US filings for jobless applications see the biggest decline in three months
The number of Americans filing for unemployment benefits last week came back down to more recent ranges after a big...
