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1 min read

Russia's central bank hikes interest rate to 21% to fight stubborn inflation

Inflation in Russia hit 8.6% year-on-year in September, well above the central bank's 4% target.

Nathan Rennolds   


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2 mins read

Home prices are falling at the fastest pace since 2022 as stubborn interest rates slash demand

Across the US, 6.4% of sellers issued a price cut in the month leading up to May 26, Redfin said in…

Jennifer Sor   


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1 min read

What rate cut? The Fed's next move could be a hike if inflation stays stubbornly high, legendary investor says

Given how low last year's inflation was, CPI data might rebound in the latter half of this year. Th…

Filip De Mott   


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4 mins read

Buckle up America: Powell says interest rates will likely stay higher for longer as inflation stubbornly refuses to come down

Fed Chair Jerome Powell said his confidence inflation will slow "is not as high as it was," meaning…

Ayelet Sheffey,Madison Hoff   


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2 mins read

Why the Fed's first rate cut could be delayed until March 2025 if inflation stays stubbornly high

The US central bank might have to wait nearly another year before easing policy if it can't cut by …

Filip De Mott   


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1 min read

Stock market today: US futures dip as traders fret about a hot jobs report and stubborn inflation

The US economy added more jobs than expected in March, stoking fears that the Fed might delay cuts …

Theron Mohamed   


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2 mins read

Inflation ticks back up as housing prices stay stubbornly high

The US ended 2023 with inflation ticking back up. The consumer price index rose by 3.4% year over y…

Madison Hoff   


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1 min read

BlackRock CEO Larry Fink warns of stubborn inflation - but expects growth to accelerate this year if interest rates drop

Larry Fink, the boss of the world's largest asset manager, is bullish on the US economy's prospects…

Theron Mohamed   


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2 mins read

Inflation stays stubbornly high in January

New data for January 2023 shows inflation barely cooled as the consumer price index rose 6.4% year …

Madison Hoff   


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1 min read

Bill Ackman says he's betting against 30-year Treasurys as a hedge against stubbornly high inflation

"The best hedges are the ones you would invest in anyway even if you didn't need the hedge. This fi…

Zahra Tayeb   


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1 min read

Steve Forbes says the Fed's stubborn rate hikes are trashing the US economy

Steve Forbes also slated Treasury Secretary Janet Yellen for her flip-flopping on providing blanket…

Zahra Tayeb   


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1 min read

Prepare for higher interest rates as US inflation stays stubborn, JPMorgan CEO Jamie Dimon says

Jamie Dimon is among several market thinkers who have flagged the stubbornness of inflation in what…

Zahra Tayeb   


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1 min read

Recession risks are heightened amid stubbornly high inflation and banking sector turmoil, IMF says

"Recession concerns have gained prominence, while worries about stubbornly high inflation persist."

Morgan Chittum   


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1 min read

Top economist David Rosenberg shrugs off fears of stubborn US inflation as prices of many things are dropping fast

While top economist David Rosenberg brushed off fears of sticky inflation, he's recently warned a r…

Zahra Tayeb   


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2 mins read

US stocks drop on stubbornly high inflation and Fed officials' comments on more rate hike to come

Fed officials Loretta Mester and James Bullard said high inflation makes the case for rate hikes to…

Carla Mozée   


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4 mins read

September's stubbornly high inflation is going to create problems for investors, the White House, and the Fed

The report was bad on almost every level, and it could reshape midterm elections along with the tra…

Ben Winck   


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1 min read

Consumer confidence falls as Fed rate hikes and stubborn inflation weigh on Americans' outlook for the economy

"Consumers' expectations regarding the short-term outlook remained dismal," the Conference Board sa…

Phil Rosen   


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3 mins read

Bitcoin has made a 'phenomenal' comeback as it shakes off the crypto crisis, but a stubbornly strong economy puts the rally at risk

Bitcoin is up almost 50% after tanking in 2022 thanks to high-profile crypto failures like FTX, but…

Zahra Tayeb   


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2 mins read

US stocks fall to cap off rocky week as traders weigh bank earnings and stubbornly high inflation

The 10-year Treasury yield hit 4% on Friday as inflation expectations rose among American consumers…

Carla Mozée   


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2 mins read

Billionaire investor Bill Ackman predicts stubborn inflation and downplays the risk of a genuine recession

The Pershing Square boss called for the Federal Reserve to roughly triple interest rates by next ye…

Theron Mohamed