Inflation fears force Americans to rethink financial choices, CNBC and Acorns survey says
Americans are more financially stressed than a year ago, with 48% thinking about higher prices all the time, a CNBC + Acorns Invest in You survey found.
The central bank chief asserted that he will seek to balance fighting inflation with supporting the labor market.
The personal consumption expenditures price index was expected to increase 0.1% in August and 2.3% from a year ago.
It was the first major Western central bank to reduce interest rates back in March.
The Conference Board's consumer confidence index slid to 98.7, down from 105.6 in August, the biggest one-month decline since August...
U.K. Finance Minister Rachel Reeves vowed on Monday that Britain will not return to austerity, saying her budget proposals will...
Asset prices soared as investors took Powell at his word that the outsized rate cut wasn't in response to a...