Fed’s Barkin says AI investment boom cannot grow indefinitely
Richmond Fed President Thomas Barkin says investment in artificial intelligence depends heavily on the economy and cannot grow indefinitely. He…
World News
Global economic and financial news — Federal Reserve decisions, geopolitical events, trade policy and macroeconomic data that move financial markets worldwide.
Container ship sinks in Strait of Hormuz as Iran escalates attacks on shipping
A Singapore-registered container ship, the GFS Pride, sank in the Strait of Hormuz on Wednesday after being struck by an…
Social Security COLA Set at 3.6% for 2027, Largest Rise Since 2023
Social Security benefits will rise 3.6% in 2027, the largest increase since 2023. The adjustment arrives as new data show…
Core CPI Lifts October Fed Hike Odds to 43.7%
Stronger-than-expected September core inflation lifted the probability of a Fed hike at the October 28 meeting to 43.7%, according to…
US consumer prices rise 0.6% in September as gasoline drives inflation to 3.7%
US consumer prices rose 0.6% in September, lifting the annual rate to 3.7%, with gasoline accounting for about half of…
