Fed Chair Kevin Warsh warns inflation may require more action
Federal Reserve Chair Kevin Warsh signaled that the US central bank may need to do more to contain inflation, arguing that recent improvements in price data have not provided enough…
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Category: Business
Panda Express CEOs say their ‘mission’ is to help employees realize the American dream of homeownership
Panda Express is famous for its orange chicken. But the founders of the iconic fast-casual Asian chain also want to be known for something else: helping their workers realize the…
US inflation test is hours away: 3 stocks most exposed to the PCE surprise
US markets face a key inflation test on Wednesday as investors wait for July’s personal consumption expenditures report, which could reset expectations for interest rates and Treasury yields. The Bureau…
US PCE in July higher than expected at 3.7%, but core PCE matches forecast
US consumer prices rose slightly in July, with the Federal Reserve’s preferred inflation gauge showing that price pressures remain elevated as policymakers weigh the next move on interest rates. The…
America wants cheaper debt: why Wall Street says Treasury tricks won’t fix it
America’s problem is not that investors have stopped trusting Treasury debt, but that they increasingly want to be paid more to hold it. Long-term US yields remain close to multi-decade…
US-Canada trade talks collapse as 50% tariffs take effect: what happens next?
The United States and Canada appeared close to a trade agreement earlier last week. Instead, negotiations broke down on Friday, prompting Washington to impose 50% tariffs on some Canadian products…
GOP lawmakers criticize Trump’s beef import plan amid blowback from ranchers
House and Senate Republicans on Friday criticized President Donald Trump’s decision to suspend tariffs on ground beef imports, with lawmakers from agricultural states decrying the impact Trump’s decision will have…
What do Walmart’s and Target’s results say about the US consumer?
US consumers are continuing to spend, but recent results from major retailers suggest they are becoming more selective about where and how they spend their money. Walmart’s sharp stock decline…
30-year Treasury yields: why they’re set to soar despite Bessent’s intervention
US 30-year government bond yields rebounded for the second consecutive day, reaching a high of 5.250%, up modestly from this week’s low of 5.17%. It is hovering near the year-to-date…