Even with slower inflation, consumer sentiment weakened sharply in November, survey shows
The University of Michigan Survey of Consumers posted a 54.7 reading for November, down 8.7% from the previous month's reading.
The University of Michigan Survey of Consumers posted a 54.7 reading for November, down 8.7% from the previous month's reading.
Americans grew more worried about inflation in the October, with fears emanating primarily from an expected burst in gasoline prices.
"I think it will probably be appropriate soon to move to a slower pace of rate increases," she told Bloomberg News in a live interview.
The producer price index was expected to show a monthly increase of 0.4% in October, according to Dow Jones estimates.
Households increased debt during the third quarter at the fastest pace in 15 years due to hefty increases in credit card usage and mortgage balances.
Having "a lot of security, military, defense alliances" could make the world more dangerous, the president of the Center for China and Globalization said.
The Fed governor said he's open to reducing the level of interest rate increases to half a percentage point in December.
The collection of Paul Allen, the late co-founder of Microsoft, was a treasure trove of masterpieces spanning 500 years.
Massachusetts voters approved a "millionaire tax" of 4% on annual income above $1 million, on top of the state's current 5% income tax. Here's what...