Page 87 - Matt Egan News Today

By Matt Egan, CNN

US inflation is now much slower than last summer’s red-hot pace, but it’s not guaranteed it will drift all the way down to the Federal Reserve’s 2% target without a sharp rise in unemployment. That possibility remains unlikely.

Even as Federal Reserve Chair Jerome Powell reassures the public about the state of the US economy, the organization is quietly laying off workers at its own doorstep.

By Matt Egan, CNN

The Federal Reserve concludes its highly anticipated two-day policy meeting on Wednesday afternoon. Markets are expecting the central bank to hit pause on its rate-hiking campaign as it takes a beat to review the state of the economy.

UK inflation fell unexpectedly in August but the Bank of England is still set to raise rates, by Pan Pylas Stock market today: Global shares mixed ahead of…

The move has been even more dramatic in the Los Angeles-Long Beach metro area, where gas prices hit $6.07 a gallon on Wednesday, up 49 cents in a week.

In the Los Angeles-Long Beach metro area, where gas prices hit $6.07 a gallon on Wednesday, up 49 cents in a week. The rest of the state is seeing prices inch closer to $6.

In the Los Angeles-Long Beach metro area, where gas prices hit $6.07 a gallon on Wednesday, up 49 cents in a week. The rest of the state is seeing prices inch closer to $6.

In the Los Angeles-Long Beach metro area, where gas prices hit $6.07 a gallon on Wednesday, up 49 cents in a week. The rest of the state is seeing prices inch closer to $6.