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A closely watched inflation gauge increased in May after energy prices rose amid conflict in the Middle East. The report showed higher costs for gasoline and other fuels.
riotimesonline.comA closely watched measure of inflation increased in May as energy prices rose during conflict in the Middle East. Officials said the increase reflected recent developments in global energy markets.
Gasoline prices rose sharply in the period covered by the data.
Other energy-related costs also moved higher during the same timeframe. The data release comes as markets continue to monitor price trends across multiple sectors.
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cnbc.comFederal Reserve Governor Christopher Waller said an above-target core inflation reading this week would require the FOMC to consider raising rates soon. He added that several months of cooler data are needed before he would view inflation as clearly declining toward the 2 percent…
nbcnews.comRepublican Sen. Lindsey Graham of South Carolina died overnight at his Capitol Hill home from a brief illness at age 71. President Trump and fellow lawmakers paid tribute to the longtime senator's service and foreign policy role.
globalnews.caFifty-four financial and technology firms have joined a UK government taskforce to develop live tokenization use cases, beginning with tokenized repurchase agreements. The group includes BlackRock, JPMorgan, Goldman Sachs, Coinbase, Ripple, and Circle.