Inflation slows significantly as gas prices drop in July

(NEW YORK) -- Inflation data released on Wednesday revealed that price increases slowed in July, easing the strain on household budgets as the Federal Reserve fights inflation with a series of borrowing cost hikes. While still elevated, price hikes waned from the near-historic pace reached... Read More.

US economy slows, sparking fears of recession

(NEW YORK) -- The U.S. economy shrank in the first three months of 2022, after years of growth, according to a new report. Economists had expected consumer spending to accelerate in March, as rising wages prompted more American spending on services such as dining out... Read More.