Markets now see the Fed's next move as a potential rate hike as inflation fears mount
Traders in the futures market shifted the probability of a rate increase by the end of 2026 to 52% on Friday morning.
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Report: Trump Team Maps Economy Push for November Vote
President Donald Trump's political team planned to meet with his Cabinet late Thursday to discuss how top officials would highlight the administration's economic record ahead of the November midterm elections.
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China industrial profits surge 15% to start year, but oil price shock threatens outlook
Soaring energy prices are expected to impact China's economy less than most other countries, due to its massive oil reserves and alternative energy sources.
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30-Year Mortgages Jump to 6-Month High
The average rate on the popular U.S. 30-year fixed-rate mortgage has jumped to a six-month high as rising oil prices from the dragging Middle East war fanned inflation worries, which could weigh on home sales during the typically busy spring season.
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US GDP Seen Slowing to 2% in 2026, 1.2% in 2027
The escalating conflict in the Middle East has knocked the global economy off a stronger growth path, the OECD warned Thursday, as a near-halt in energy shipments through the Strait of Hormuz threatens to push inflation sharply higher.
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New Yorkers Realizing Just How Cold 'Warmth of Socialism' Is
The late British Prime Minister Margaret Thatcher observed that "The problem with socialism is that you eventually run out of other people's money." It looks like New York has finally run out of other people's money.
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