Former Dallas Fed President Kaplan advocates for a half-point interest rate cut
Making the bolder move of 50 basis points would better position policymakers heading into the latter part of the year, Kaplan told CNBC.
The Fed has the proof it wants that inflation is slowing, but the next move is still up in the air
A week's worth of inflation data showed that price pressures have eased substantially.
Interest payments on the national debt top $1 trillion as deficit swells
The August shortfall popped by $380 billion, a dramatic reversal from the $89 billion surplus for the same month a year prior.
U.S. Latino economic output grows to $3.6 trillion, new report finds
The Latino Donor Collaborative released its updated report on U.S. Latino economic growth and purchasing power for 2022.
Wholesale prices rose 0.2% in August, in line with expectations
The producer price index was expected to increase 0.2% in August, according to the Dow Jones consensus forecast.
Consumer prices rose 0.2% in August as annual inflation rate hits lowest since early 2021
The consumer price index was expected to increase 0.2% in August and 2.6% from a year ago.
CEO of property firm Damac expresses concerns over ‘expensive’ Dubai
Increasing demand for property, especially in the luxury space, is boosting prices not just of homes but of everything else in Dubai.
UK economy flatlines again in July, below expectations
U.K. economy remained flat in July, flash figures published from the Office for National Statistics showed Wednesday.
Two key inflation reports this week will help decide the size of the Fed’s interest rate cut
The Bureau of Labor Statistics will first release the consumer price index Wednesday and then the producer price index Thursday, both measuring August prices.