Who’s to blame for higher US power bill?
At his Senate confirmation hearing, Energy Secretary Chris Wright confessed he was new to politics. He is a fast learner. Wright lamented in a recent interview with Politico that President…
How the ghost of ‘transitory’ inflation is haunting the rate debate
Joseph Lavorgna, counselor to Treasury Secretary Scott Bessent, believes tariffs are not inflationary and says economists who have been predicting that prices would rise due to President Donald Trump's import…
Asian stocks slide, oil and gold jump after Israel strikes Iran
Stocks dived in early Asian trade on Friday, led by a selloff in U.S. futures, while oil prices jumped after Israel conducted a military strike on Iran, sending investors scurrying…
US auto tariff relief brings temporary respite for OEMs, but uncertainty looms: Jay Kale
"Overall, from a medium-term perspective, not only for auto tariffs but overall because of the other tariffs across sectors, you will see inflationary pressures in the US and mind you…
US consumer inflation cools to 2.4% in March
US consumer inflation cooled last month on plunging gas prices, according to government data published Wednesday, as consumers and businesses waited nervously for President Donald Trump's sweeping tariffs to come…
Asian equities climb after soft US inflation print
Asian equities rose Thursday after cooler-than-forecast US inflation helped Wall Street rebound from two days of heavy losses.Australian and Japanese shares rose and equity-index futures for US stocks climbed in…
Asian stocks climb as traders downplay hot CPI
Shares rose in Asia, sidestepping losses on Wall Street following hotter-than-expected core inflation that heightened the focus on the Federal Reserve’s next move.Japanese and South Korean stocks opened higher while…
US second-quarter productivity revised higher
U.S. worker productivity grew faster than initially thought in the second quarter, reining in labor costs, suggesting that inflation pressures could continue to subside. Nonfarm productivity, which measures hourly output…
US inflation rises in line with expectations in March
U.S. inflation rose moderately in March, but that is unlikely to change financial markets' expectations that the Federal Reserve will hold off cutting interest rates until September. The personal consumption…
US manufacturing output increases in March; February data revised higher
Production at U.S. factories increased solidly in March as output at motor vehicle assembly plants and elsewhere rose, suggesting that manufacturing was turning the corner after being constrained by higher…