Prices for core personal consumption expenditures increased 4.1% from a year ago, the highest since January 1991.
Shalanda Young has served as the acting director of OMB since January. If she’s confirmed, she will be the first Black woman to hold the title.
The WHO’s chief said the majority of reported Covid cases worldwide are in Europe, but added that “no country or region is out of the woods”...
The consumer price index was expected to rise 0.3% in September and 5.3% on a year over year basis, according to economists surveyed by Dow Jones.
FedEx, UPS, Walmart, Home Depot and others will also announce plans to expand hours during a virtual meeting Wednesday with Biden.
JPMorgan Chase is the first big bank to report third-quarter earnings.
The major averages fell for the third straight session the prior day.
The chairman and CEO of Starwood Capital said he sees reminders of the troubling signs before the burst of the dotcom bubble in the 2000s.
The Social Security cost-of-living adjustment will be 5.9% in 2022, the Social Security Administration announced on Wednesday.
Russian President Vladimir Putin said Wednesday that oil prices could well reach $100 per barrel as demand for all energy commodities grows.