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The Latest Breaking News from Omair Sharif

Fed officials fret over inflation risk, weigh rate hikes

Federal Reserve officials remain concerned about persistent inflation pressures. Incoming price reports will guide future interest rate decisions by policymakers. A divided committee discussed scenarios for potential policy responses. Some officials favor holding rates steady while others see hikes as appropriate. The central bank awaits crucial economic data to shape…

The Economic Times

US households, businesses stung by higher energy prices that have pushed inflation above 4%

Rising gas prices pushed inflation to its highest level in three years last month, a headache for the Federal Reserve and a potential political challenge for the Trump administration as midterm elections near

AAP

Trump’s economic chief says inflation is falling. Data says otherwise

In April, inflation reached its highest level in three years

The Independent UK

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FACT FOCUS: Is inflation a red state vs. blue state issue? It's increasing no matter how you cut it

Inflation is rising again, squeezing budgets and making essentials harder to afford

AAP

Bureau of Labor Statistics postpones key data report with no explanation

There is heightened concern about the future of key government statistics, including politicization and accuracy.

Axios

DeSantis says Trump told him while golfing that inflation wasn’t really the No. 1 issue that got him elected

‘The number one reason why he got elected, he said, was because of the immigration and the border issue,’ DeSantis says of Trump

The Independent UK

Why inflation is losing its punch — and why things could get even better

Annual inflation fell to 3% in June, the lowest since March 2021. That probably won't stop the Federal Reserve from raising rates again, but this month's expected hike could be the last.

WEKU

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Inflation stayed high last month, compounding the challenges facing the U.S. economy

Consumer prices in April were 4.9% higher than a year ago, according to the Labor Department. Prices rose 0.4% between March and April.

WEKU

Powell puts US pay hikes at heart of Fed’s 2023 inflation fight

Federal Reserve Chair Jerome Powell has a new North Star to guide his fight against inflation, and it will put American paychecks at the heart of monetary policy next year.

Tribune News Service

You can run, but you can't hide: Inflation is busting budgets, and killing joy too

Inflation is hitting Americans hard at home with prices soaring for electricity, groceries, rent, even breakfast. A carton of eggs is 30.5% more expensive than it was last year.

People

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