Tue, 21-Oct-2025

US retail sales continue to rise in April amid rising prices

US

Americans increased their shopping spending for the fourth consecutive month in April, with inflation at a 40-year high, as auto sales rebounded,  according to government data released Tuesday, According to the Commerce Department, US retail sales increased 0.9 percent month on month to $677.7, while auto sales increased 2.2 percent in April after declining in … Read more

Fed convenes to launch new salvo against record US inflation

Fed convenes

The US important bank opened its coverage meeting Tuesday, that’s predicted to produce a huge rate hike as policymakers go at the attack against document-high inflation. Following a quarter-factor increase in the benchmark lending rate in March, Federal Reserve Chair Jerome Powell and different critical bankers have stated a half-factor increase may be introduced whilst … Read more