The Federal Reserve's preferred inflation gauge rose to a three-year high in May, driven largely by surging fuel prices and rising costs for semiconductors and computer equipment, according to the Bureau of Economic Analysis.
In recession-hit Argentina, a growing number of off-duty police officers are taking second jobs, often carrying government-issued firearms, according to the Centre for Legal and Social Studies (Cels).
Alan Greenspan, former US Federal Reserve chair and architect of the modern American economy, has died at the age of 100, according to a statement from his wife.
Federal Reserve Chair Kevin Warsh is set to lead his first interest rate meeting this week, with the market largely expecting a rate freeze. Investors are closely watching his approach to communication and policy guidance.
Japan’s Bank of Japan raised its base interest rate to 1% on June 16, the highest level in 31 years. The move comes amid inflationary pressures linked to the Middle East conflict and a global shift toward tighter monetary policy.
President Donald Trump's approval rating has dropped to 39%, the lowest of his second term, according to a new NBC News poll released on his 80th birthday. Meanwhile, the former real estate developer is focusing on a series of high-profile Washington, D.C., renovation projects.
Donald Trump said 'I love the inflation' after new data showed the rate climbed to 4.2% in May 2026, a three-year high, according to The Guardian.
The World Bank has warned that the US-Iran conflict could push global economic growth to a post-COVID low, with developing countries facing the brunt of the impact.
U.S. President Donald Trump has expressed support for rising inflation, stating he 'loves the inflation' as the country faces its fastest price increase in three years, according to multiple reports.
U.S. inflation is expected to hit 4.2% in May, the highest level in three years, according to FactSet estimates. The data could influence the Federal Reserve’s rate policy and impact global markets, including Bitcoin.
Ohio's Supreme Court on May 20 revisited the issue of pandemic-era unemployment benefits, with justices questioning why a case dismissed as moot in 2022 was brought back. The court also denied an appeal by former state officials involved in a $60 million bribery scheme.
Kevin Warsh has been sworn in as the new chair of the United States Federal Reserve Board of Governors, according to Al Jazeera.
Hundreds of Tunisians marched through the capital on May 17, 2026, to protest a worsening economic crisis and alleged political repression, according to Al Jazeera.
Janet Yellen, the first woman to lead the Federal Reserve and serve as U.S. Treasury secretary, is set to be inducted into the National Women’s Hall of Fame in 2026. Yellen said the honor makes her feel 'part of that story' of women’s progress in America.
A further escalation in the Iran war could trigger a global recession, spiralling inflation and a sharp backlash in financial markets, the International Monetary Fund has warned, according to The Guardian.