Key Core Inflation Gauge
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Fed’s Williams says independence is key to winning fight against inflation
New York Federal Reserve President John Williams on Friday said that the U.S. central bank needed independence from the White House in order to get inflation back to its 2% target.MarketWatch - Business - Inflation -
ISM service-sector gauge weakens sharply in April
The Institute for Supply Management said on Friday that its service-sector PMI dropped sharply to 49.4% in April from 51.4% in the prior month.MarketWatch - Business -
China Services-Sector Gauge Shows Slower Activity Expansion
A private gauge of China’s services sector showed activity grew at a slightly slower pace in April, though there are signs of a recovery in consumption given strong spending over recent holidays.The Wall Street Journal - World - China -
U.S. stocks rally on ‘Goldilocks’ jobs report as Wall Street’s fear gauge slides
U.S. stocks have swung to an upbeat start in May, with Wall Street’s “fear gauge” easing to its lowest level since the end of March as investor anxieties tied to inflation appeared to subside.MarketWatch - Business -
Turkey's inflation accelerates to nearly 70% in April
Turkey's inflation accelerated to 69.8% annually for the month of April, the Turkish Statistical Institute reported Friday.CNBC - Business - Turkey -
Could lower swing-state inflation rates help Biden and hurt Trump?
Inflation in several battleground states in the 2024 election is below the national average — in some cases by more than a full percentage point — as food prices retreat even while housing costs stay hot, according to an analysis of regional Labor ...The Hill - Politics - Joe Biden -
Beating inflation will likely require U.S. unemployment to rise
Americans are on a frustrating search for a soft economic landing.MarketWatch - Business -
Credit cards are the ‘financing of last resort’ for older adults as inflation persists
As inflationary pressures leave older adults with little wiggle room to pay for everyday items and cover emergency costs, credit cards have become the financing method of last resort. As a result, balances have jumped since last year.MarketWatch - Business -
Gold is overvalued now and won’t help you beat inflation in coming years
New research sees gold lagging U.S. inflation by more than 7% a year over the next decade.MarketWatch - Business -
More Americans trust Trump on economy, inflation than Biden: Poll
More Americans say they trust former President Trump on the economy and inflation than they do President Biden, a new poll found. The ABC News/Ipsos poll found that economy and inflation were among the top issues for Americans in this upcoming ...The Hill - Politics - Donald Trump -
Why fast-food price increases have surpassed overall inflation
Fast food has become increasingly expensive — and some consumers are changing their spending habits because of it.CNBC - Business -
New York Fed President Holds to 2 Percent Inflation Target
As prices keep rising, the central bank faces off against critics calling for rate cuts.Inc. - Business - New York -
Watch: Key election results... in 90 seconds
Catch-up on some key election results from Thursday night.BBC News - Top stories -
Key takeaways so far from the local elections
Here's what you need to know after results from around a third of councils and the Blackpool South by-election.BBC News - Top stories -
Key charity prepares Rwanda legal challenge
Ministers are now facing attacks on two fronts - with more cases expected from as early as next week.BBC News - Top stories -
Insulin Cost Is a Key Campaign Issue for Biden
President Biden says lowering the cost of insulin for seniors is among his proudest domestic policy achievements. He now faces the challenge of selling it to Americans of all ages.The New York Times - Top stories - Joe Biden -
Mitchell, 'tired of losing,' keys Cavs' comeback
Donovan Mitchell had 39 points and led a second-half charge as the Cavs overcame an 18-point deficit to beat the Magic in Game 7.ESPN - Sports -
Fed still trying to assess if recent hot inflation readings mean economy is ‘overheating,’ Goolsbee says
“Everybody’s just got to take a step back and try to figure out ‘is that a sign that the economy is overheating, or is that a sign of some other thing’?” Goolsbee said.MarketWatch - Business - Federal Reserve