US economy

Fed projects a slow return to inflation target, but no rise in unemployment

Despite the high inflation, he said the American economy has been very resilient

The average rate on a 30-year fixed-rate mortgage has jumped nearly 100 basis points since the Iran war started

Dominance in AI gives the US a big advantage, but the AI dollar is unlikely to be a true successor to the petrodollar

Chair Kevin Warsh hints that he will support further rate hikes until they become restrictive

Quarter-point hike is first in 3 years; oil shock, tariffs, AI boom continue to drive inflation

The president insists the interest rate should be 1% despite persistent inflation

Builders face higher material costs, rising fuel prices and persistent labour shortages

Retail sales jumped 1.2% last month after a revised 0.5% drop in July