Economy

All of the positive economic talk out of this week's Federal Reserve meeting had a negative impact on investors

The war in Iran has upset the economic equilibrium Europe threatening energy supplies, growth and the outlook for consumer prices, upsetting economic forecasts.

Wholesale prices rose sharply in February, providing another sign that inflation continues to percolate even aside from rising energy prices.

Bessent addressed rumors that the Treasury Department or some other arm of government might step in to try to lower oil prices.

The remarks came as Treasury Secretary Scott Bessent met his Chinese counterpart He Lifeng in Paris, paving the way for the summit scheduled for late March.

A network of millions of Americans who offer services like making deliveries or providing rideshare services are feeling the effects of rising gas prices.

The PCE price index for January was expected to show headline inflation at 2.9% and core at 3.1%.

High inflation and slow growth present a double threat, as measures like interest rate cuts and government spending only aggravate inflation.

For the fiscal year to date, the deficit totaled $1.004 trillion, about 12% lower than the comparable period in 2025.

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