Inflation Persists News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The US economy remains the most powerful on the planet. Moreover, its share of global GDP has reached a nearly two-decade high of 26.3%. According to the IMF, from 2018, the European Union's share decreased by 1.4%, Japan's by 2.1%, while the United States increased by 2.3%. China's GDP is 64% of the American figure, down from 67% five years ago. As a result, the dollar remains the undisputed leader among G10 currencies, with no contenders for its throne in the foreseeable future.

The president touted the lower annualized inflation rate but blamed the companies themselves for higher prices, rather than government policies.

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The rate decision and committee forecasts will be released at 2 p.m. in Washington. Chair Jerome Powell will hold a press conference 30 minutes later.

Apple gets an analyst downgrade after the release of its pricey headset and TSMC warns of slowing capital expenditures. Here’s what investors need to know today.