Miami Beach, Florida, Manolo, restaurant, employees at bakery counter. (Photo by: Jeffrey Greenberg/Universal Images Group via Getty Images)Jeff Greenberg | Universal Images Group | Getty ImagesLatinas are making substantial contributions to the U.S. economy.The female Hispanic population contributed $1.3 trillion to gross domestic product in 2021, an increase from...
If Robert Kaplan still had a say in the matter, he'd be pushing for a half percentage point interest rate reduction at this week's Federal Reserve meeting.The former Dallas Fed president told CNBC on Tuesday that making the bolder move of 50 basis points would better position policymakers heading...
US Federal Reserve Chair Jerome Powell arrives to testify before the Senate Banking, Housing, and Urban Affairs Hearings to examine the Semiannual Monetary Policy Report to Congress at Capitol Hill in Washington, DC, on July 9, 2024.Chris Kleponis | AFP | Getty ImagesFederal Reserve officials head into their policy...
A view shows a bronze seal beside a door at the U.S. Treasury building in Washington, U.S., January 20, 2023. Kevin Lamarque | ReutersThe U.S. government for the first time has spent more than $1 trillion this year on interest payments for its $35.3 trillion national debt, the Treasury Department...
Wholesale prices rose in August about in line with expectations, the final inflation data point as the Federal Reserve gets set to lower interest rates.The producer price index, a measure of final demand goods and services costs that producers receive, increased 0.2% on the month, the Bureau of Labor...
Miami Beach, Florida, Cafe Sazon, Cuban flag with seniors at table. Jeff Greenberg | Universal Images Group | Getty ImagesThe U.S. Latino economy grew by 13% from $3.2 trillion in 2021 to $3.6 trillion in 2022, according to a new report released Thursday by economic think tank Latino Donor Collaborative...
Prices increased as expected in August while the annual inflation rate declined to its lowest level since February 2021, according to a Labor Department report Wednesday that sets the stage for an expected quarter percentage point rate cut from the Federal Reserve in a week.The consumer price index, a...
Maremagnum | Corbis Documentary | Getty ImagesLONDON — The U.K. economy continued to flatline in July on a month-on-month basis, flash figures published from the Office for National Statistics showed Wednesday.Gross domestic product (GDP) came in below the expectations of economists polled by Reuters, who had forecast growth of...
DUBAI, United Arab Emirates — Dubai's property scene is showing no sign of cooling off, as 2024 is on track to be another record year in terms of sales figures and property values, according to local real estate firms.Increasing demand for property, especially in the luxury space, is boosting...
People shop at a store in Brooklyn on August 14, 2024 in New York City. Spencer Platt | Getty ImagesThe Federal Reserve gets its last look this week at inflation readings before it will determine the size of a widely-expected interest rate cut soon.On Wednesday, the Labor Department's Bureau of...