Inflation
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Federal Reserve Leaves Interest Rates Unchanged Amid Persistent Inflation Pressures
The Federal Reserve held interest rates steady in a split vote as Chairman Kevin Warsh announced fewer policy meetings starting in 2027.
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Bank of Canada Lifts Policy Rate to 2.5% in First Hike Since 2023
The Bank of Canada raised its policy interest rate by 25 basis points to 2.5 per cent, marking its first rate hike since July 2023 amid persistent inflation pressures.
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US Economic Strains and Surging Living Costs Cloud Republican Midterm Prospects
Surging inflation and high gas prices drive Trump’s approval to 33%, threatening Republican control of Congress ahead of the 2026 midterms.
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US Inflation Reaches 4.2% as Economic Realities Clash With White House Messaging
US inflation hits 4.2% in May due to the Iran conflict, fueling a K-shaped economy and squeezing voters ahead of the midterm elections.
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Senator Cassidy Warns of Accelerating Social Security Trust Fund Depletion
Senator Bill Cassidy warns that a 3.6% COLA for 2027 will accelerate Social Security trust fund depletion, heightening the urgency for legislative reform.
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US Wage Gains Erased as Inflation Outpaces Paychecks Ahead of Midterms
Hotter-than-expected inflation has erased nearly all U.S. wage gains over the past 20 months, intensifying cost-of-living pressures ahead of midterm elections.
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Traders Step Back as Credit Stress and Inflation Shake Global Tech Giants
Global AI and semiconductor stocks shed over $1 trillion this week amid credit stress at CoreWeave, rising inflation, and persistent funding concerns.
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Millions of Americans Face 2027 Financial Adjustments Following Federal Agency Decision
The Social Security Administration announced a 3.6% cost-of-living adjustment for 2027, boosting average retirement benefits by $75 monthly for over 72 million Americans.
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Social Security Announces 3.6% COLA for 2027 Amid Inflationary Pressures
The Social Security Administration has announced a 3.6% cost-of-living adjustment for 2027 to address inflation driven by rising energy costs.
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Fannie Mae Sharply Raises 2027 Mortgage Rate Forecast Amid Inflation Pressures
Fannie Mae sharply raised its 2027 mortgage rate forecast to 7.5 percent, as persistent inflation and rising Treasury yields keep borrowing costs elevated.
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US Stocks Slip and Yields Jump After September Inflation Overoots Forecasts
US stocks pulled back and Treasury yields jumped after September consumer inflation hit 3.7%, reviving expectations for Federal Reserve rate hikes.
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Energy Surge Drives September Inflation to 3.7% as Rate Hike Odds Shift
Surging gas and energy costs pushed September annual inflation to 3.7%, driving persistent cost pressures and shifting Federal Reserve rate hike odds.
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U.S. Inflation Accelerates as Fuel Costs Drive Economic Strain
U.S. inflation climbed to 3.4% in August as surging fuel costs and rising service prices heighten economic strain, forcing the Fed toward a rate hike.
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Economic Frustration Shapes Pennsylvania Congressional Battles as Midterms Approach
With the November 3 midterm elections weeks away, persistent inflation and economic anxiety are intensifying key congressional races in Pennsylvania.
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France to Release Million Barrels of Diesel to Cut Pump Prices
France plans to release 10 million barrels of pre-purchased diesel to curb rising costs and lower pump prices for consumers.