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Micron and chip stocks lift Wall Street indexes amid Fed rate pause
Micron Technology and other chipmakers boosted Wall Street indexes as investors awaited the Federal Reserve's interest rate decision under Chair Kevin Warsh.
US retail sales rise in May despite Iran war impact
U.S. retail sales increased 0.9% in May, showing economic resilience despite the Iran war and oil price shocks, with strong auto and online sales.
US rate futures increase odds of Fed hike in December after strong jobs report
U.S. rate futures raised the chance of a Federal Reserve rate hike in December following a strong May jobs report that exceeded expectations.
US services sector growth accelerates in May amid rising input costs
U.S. services sector activity rose in May as businesses rebuilt inventories amid higher input prices linked to the war with Iran and supply chain strains.
Dollar slips as US signals sanctions waiver on Iran crude
The dollar declined after reports that the US may waive sanctions on Iranian crude, impacting oil prices and global markets amid Middle East tensions.
US producer prices rise sharply in April amid inflation pressures
U.S. producer prices surged 1.4% in April, marking the biggest gain in four years amid broad inflation increases and rising energy costs.
US job openings fall in March as hires surge amid labor market shifts
U.S. job openings declined in March while hires surged, signaling a recovering labor market amid economic uncertainties and Idaho's mixed employment changes.
Fed should drop rate-cut lean because of oil price shock, policymakers say
Federal Reserve officials warn the oil price shock from the U.S.-backed war with Iran challenges the easing bias on interest rates amid rising inflation.
Modern funeral costs burying most budgets
The National Funeral Directors Association reports funeral costs average $8,300, surpassing median savings and causing many Americans to incur debt.
Dollar rises on safe-haven demand ahead of Fed decision amid Iran war
The dollar gains as investors await the Federal Reserve rate decision amid ongoing Iran war tensions and rising oil prices impacting global markets.
Fed chair nominee Warsh faces economic surprises, Daly says
Fed chair nominee Kevin Warsh may have plans for changes but economic surprises could shape his tenure, says San Francisco Fed President Mary Daly.
US jobs report for March shows stronger payroll growth than expected
U.S. nonfarm payrolls rose by 178,000 in March, surpassing expectations and keeping the Federal Reserve likely on hold amid steady unemployment at 4.3%.
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