The Latest Breaking News from Inflation

European Central Bank president Christine Lagarde suggested Tuesday that the regulator could lower interest rates before a similar move by the US Federal Reserve, saying "we are not Fed-dependent."

Asian markets fluctuated Wednesday as Federal Reserve boss Jerome Powell's indication that interest rates could stay higher for longer offset a rebound following the latest bout of Middle East-fuelled selling.

The S&P 500 Index ($SPX ) (SPY ) Tuesday closed down -0.21%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.17%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.04%. US stock indexes settled mixed, with the S&P 500 falling to a 1-3/4 month...

The main indexes temporarily tumbled after Fed Chair Powell said interest rates could stay higher for longer.

Federal Reserve Chair Powell delays interest rate cuts due to high inflation, signaling potential for higher rates in the future.

The dollar index (DXY00 ) Tuesday recovered from early losses and finished up +0.07%. The dollar posted a 5-1/2 month high Tuesday based on hawkish Fed comments. Fed Chair Powell, San Francisco Fed President Daly, and Fed Vice Chair Jefferson said if inflation remains elevated, the Fed will hold interest...

In the UK, anxiety over the crisis after Iran’s missile strike on Israel drives down UK shares

Treasurer Jim Chalmers will use talks in Washington to take the temperature of the global economy as he puts the finishing touches on his third federal budget.

Inequality, unemployment among youth, inflation of various commodities and household debt are at an all-time high in the country, said political economist Parakala Prabhakar