How inflation affects middle-class households
An analysis of how inflation pressures impact everyday Americans.
Inflation continues to affect...
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Additional reporting and analysis from Today’s US.
S&P 500 Sinks on Iran Uncertainty
The S&P 500 index fell due to uncertainty surrounding Iran, with the country proposing a one-month deadline to end the war with the US and reopen the Strait of Hormuz. Advanced Micro Devices and Palantir are set to post earnings, with analysts expecting strong results.
US Economy Grows 2% Amid Low Layoffs
The US economy grew at a 2% annualized pace in the first quarter, with core inflation rising 3.2% year-over-year in March, as layoffs plunged to a 55-year low.
US Fed Official Warns of Rate Hikes
A US Federal Reserve official warns that interest rate hikes may be needed if inflation surges due to the Middle East conflict, causing price shocks and fuelling inflation.
US Fed Official Warns of Rate Hikes Amid Inflation Concerns
A US Federal Reserve official has warned that interest rate hikes may be necessary if inflation surges, citing concerns over price shocks from the Middle East war. This comes as four out of 12 voting members on the Federal Reserve's rate-setting committee dissented against its latest policy statement.
US Economy Grows 2% Amid Low Layoffs
The US economy demonstrated resilience, growing at a 2% annualized pace in the first quarter, with layoffs plunging to a 55-year low and inflation lingering, posing challenges for future policy decisions.
Iran's Economy in Shambles as War Takes Toll
Iran's economy is facing significant challenges due to the ongoing war, with millions of people facing job losses and poverty. The economic crisis is also having a ripple effect on the US economy and global markets.
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