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Breaking News: Economy

St. Louis Fed President Bullard says he’s stepping down in August

by Walter Watson
St. Louis Fed President Bullard says he’s stepping down in August

James Bullard, president and chief executive officer of the Federal Reserve Bank of St. Louis, delivers a speech in London, U.K., on Tuesday, Oct. 15, 2019. Luke MacGregor | Bloomberg …

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Airfare is cooling as carriers add service for summer

by Franz Hernandez
Airfare is cooling as carriers add service for summer

Passengers at Reagan National Airport in Arlington, Virginia on May 26, 2023. Andrew Caballero-Reynolds | AFP | Getty Images Flights are getting cheaper as airlines boost service during what’s shaping …

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Inflation rose just 0.2%, less than expected as consumers get a break

by Walter Watson
Inflation rose just 0.2%, less than expected as consumers get a break

Inflation fell to its lowest annual rate in more than two years during June, the product both of some deceleration in costs and easy comparisons against a time when price …

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Citing pandemic, Biden advisor defends stimulus and inflation surge

by Walter Watson
Citing pandemic, Biden advisor defends stimulus and inflation surge

The Covid-19 pandemic, rather than Joe Biden’s economic policies and stimulus packages, is the “real cause” of high inflation, according to a member of the U.S. President’s Council of Economic …

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India to become world’s second largest economy by 2075: Goldman Sachs

by Ron Morgan
India to become world’s second largest economy by 2075: Goldman Sachs

India’s Taj Mahal At Sunrise. Wolfgang Kaehler | Lightrocket | Getty Images India is poised to become the world’s second-largest economy by 2075, leapfrogging not just Japan and Germany, but …

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This is ‘the end of the beginning’ of the battle against inflation, economist says

by Walter Watson
This is ‘the end of the beginning’ of the battle against inflation, economist says

U.S. Federal Reserve Board Chairman Jerome Powell speaks during a news conference following a meeting of the Federal Open Market Committee (FOMC) at the headquarters of the Federal Reserve on …

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What Apple’s big bet on India means for the tech giant’s future

by Ron Morgan
What Apple’s big bet on India means for the tech giant’s future

It took seven years for Tim Cook to visit India again after traveling to the fast-growing country in 2016. In April, the Apple CEO visited New Delhi and Mumbai to …

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Payrolls rose by 209,000, less than expected

by Walter Watson
Payrolls rose by 209,000, less than expected

Employment growth eased in June, taking some steam out of what had been a stunningly strong labor market. Nonfarm payrolls increased 209,000 in June and the unemployment rate was 3.6%, …

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Supreme Court student loan ruling ‘misinterpreted’ Constitution

by Vera Ward
Supreme Court student loan ruling ‘misinterpreted’ Constitution

WASHINGTON — President Joe Biden said Friday he’ll give a second go at his student debt relief plan, rooting it in the Higher Education Act, after the U.S. Supreme Court …

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Janet Yellen to meet with senior officials in China this week

by Vera Ward
Janet Yellen to meet with senior officials in China this week

U.S. Secretary of the Treasury Janet Yellen testifies before the Senate Appropriations Subcommittee on Financial Services March 22, 2023 in Washington, DC. Win McNamee | Getty Images Treasury Secretary Janet …

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