Retail sales rose 0.7% in September, much stronger than estimate
The advanced retail sales report for September was expected to show a gain of 0.3%, according to a Dow Jones estimate.
U.S. can ‘certainly’ afford military support to both Israel and Ukraine, Janet Yellen says
U.S. Treasury Secretary Janet Yellen says the country can "absolutely" afford to financially support both Israel and Ukraine in their respective war efforts.
Philadelphia Fed President Harker advocates holding interest rates ‘where they are’
Harker said the Fed has made progress in bringing down prices without causing a surge in unemployment or otherwise tanking the economy.
JPMorgan Chase CEO Jamie Dimon warns this is ‘the most dangerous time’ for the world in decades
The head of the larges U.S. bank by assets cited the ongoing war in Ukraine as well as the attacks Hamas launched on Israel last...
Getting to 2% inflation won’t be easy. This is what will need to happen, and it might not be pretty
In theory, getting inflation closer to the Fed's target doesn't sound terribly difficult. In practice, it could be a different story.
Consumer prices rose 0.4% in September, more than expected
The consumer price index was expected to increase 0.3% in September, according to a Dow Jones consensus estimate.
Already a humanitarian crisis, war with Hamas could have major impact on Israel’s economy
Israel's armed forces called up more than 300,000 reservists, removing a significant part of the nation's workforce from the economy.
Wholesale inflation rose 0.5% in September, more than expected
The producer price index was expected to show a 0.3% increase in September, according to the Dow Jones consensus estimate.
Housing industry urges Powell to stop raising interest rates or risk an economic hard landing
Officials voiced their worries about the direction of monetary policy and the impact it is having on the beleaguered real estate market.