Inflation cooled in July, reaching lowest level since March 2021

(NEW YORK) -- Consumer prices rose 2.9% in July compared to a year ago, cooling slightly from the previous month and extending a monthslong slowdown of price increases. The fresh inflation reading outperformed economists' expectations.Inflation has slowed for five consecutive months, reversing a surge... Read More.

Fed holds interest rates steady at highest level since 2001

(WASHINGTON) -- The Federal Reserve decided to hold its benchmark interest rate steady on Wednesday, postponing highly anticipated rate cuts as elevated inflation continues to burden U.S. households.The announcement arrives days after new government data showed that the economy is cooling off.The slowdown has... Read More.