US wholesale inflation rose a hotter-than-expected 0.7% in August — the biggest advance in 14 months. For the full article, click here.
Jerome Powell
US recession this year ‘more likely than not,’ analysts warn
The US economy is more likely than not to sink into a recession this year as the Federal Reserve tightens monetary policy in its bid to cool decades-high inflation, economists warned Monday. For the full article, click here.