While services inflation began to moderate and rent prices rose at a slower pace, "inflation still remains too hot for the Fed's liking," according to senior economist at Wells Fargo in Charlotte, North Carolina Sarah House.
The Swiss town of Davos will host 52 heads of state and government and nearly 600 CEOs as the World Economic Forum hosts its annual meeting in the Alps next week, organizers said Tuesday.
Zelensky addresses Congress in Washington—only 86 out of 213 Republican members of the House of Representatives attend, following rejection of proposal for an audit of military and other aid to Ukraine.
President Joe Biden this week suggested that Americans struggling to afford basic necessities like groceries can switch to off-brand products in order to save money amid record inflation.
Former Treasury chief Rishi Sunak is set to become Britain’s next prime minister after winning the Conservative leadership race Monday — and now faces the huge task of stabilizing the party and country at a time of economic and political turbulence.
More than 100 House Republicans are asking a government watchdog to probe foreign investments in U.S. farmland, including those by China, which they say may present national and food security concerns.