Page 29 - Rian Evans News Today

Over the next five to 10 years, consumers sees prices rising by 2.8% annually, the University of Michigan survey found.

The White House's new crypto framework said a central bank digital currency "has the potential to offer significant benefits."

Producer Price Index data, which measures wholesale level prices, showed a decrease of 0.1% in August, matching expectations.

Lumber prices fell 6% on Wednesday after rallying earlier in the week amid fears that a possible rail strike could disrupt supplies.

While investors are still mostly betting on a third consecutive Fed rate hike of 75 basis points, the odds of a 100-basis-point hike have climbed.

The Fed is now "the central bank of oil," according to energy historian Daniel Yergin. He told CNBC Wednesday that rate hikes are spilling into oil markets.

Mark Mobius thinks the Fed will hike rates up to 9% to tame inflation, adding that it thinks rates must be higher than inflation to bring it down.

The kingdom's Public Investment Fund agreed to acquire a 30% stake in Almosafer Travel & Tourism.

The Kremlin's oil and gas revenue fell last month to $11.1 billion, down 13% from the prior month and 3.4% from a year ago.

"If you're thinking about what's going to happen between now and let's say the next 12 months, I don't think the bottom is in."