Stay updated with breaking news from Matt Eagan. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Stock markets rose Thursday as investors gear up for the release of major US inflation data that could have a huge bearing on the Federal Reserves timetable for cutting interest rates
HONG KONG, Jan 11 — Stock markets rose today as investors gear up for the release of major US inflation data that could have a huge bearing on the Federal Reserve’s timetable...
Voters turned out Tuesday to cast their ballots for San Diego County District 4 Supervisor race. Here's how it went
Ending in april. that was below economists' expec expectations. matt eagan has the numbers for us. why are these numbers significant to any consumer out there? >> it's more evidence that inflation is cooling off. we have evidence of that two days in a row, yesterday con su consumer prices today wholesale prices. the number has come down traumatic cli, miles from the peak of 11% last year. we have had 10 straight months of cooling prices on an annual level. .2% has been bouncing around but come down dramatically from last year. this is more evidence combined with yesterday's report that the fed...
Off. >> yeah, truly a nightmare scenario. let's bring in cnn's matt eagan to break down the economics of all this. let's say they can't get there, and we get close to june 1st and they are not getting a deal done. we are in unprecedented territory, and people think they are playing games but this is serious. >> it's serious, and precisely because what you are saying is because it has not happened before. we have every reason to believe this would be a nightmare for wall street and main street. wall street, treasuries, the u.s. debt has long been considered the safest stuff in the entire financ...