The Biden administration misread the rising threat of inflation for a variety of reasons, according to several economists and current and former officials.
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Key Fed inflation measure shows 2.4% rate in November, lower than expected
The PCE price index was expected to show a 2.5% annual inflation rate in November after rising 0.2% monthly.
Russian central bank surprises markets by holding key rate at 21%
Russia's central bank on Friday left its key interest rates unchanged at 21%, citing monetary tightness as Moscow wages its...
Bank of England holds rates but vote split surprises markets
Economists widely expected a rate hold at the December meeting, as policymakers remain concerned with stubborn services inflation and wage...
UK inflation rises to 2.6% in November, in line with expectations
UK inflation data comes after wage growth quashed any last expectation for a final 2024 rate cut from the Bank...
The Fed has a big interest rate decision coming Wednesday. Here’s what to expect
Traders are pricing in a near certainty that the Fed on Wednesday will lower its key rate by a quarter...
Iran faces dual crisis amid currency drop and loss of major regional ally
Since September, the rial has suffered the ripple effects of hits to Iran's proxies, as well as the November election...