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Surge in U.S. spending could force Fed off 'pause' in rate hikes

Coupled with possible progress on a debt ceiling deal to avoid a catastrophic U.S. default, the data throws doubt on whether the Fed will indeed “pause” its rate-hike campaign. ....

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U.S. Consumer Price Growth Reaccelerates In April

Consumer price growth in the U.S. reaccelerated in the month of April, according to a report released by the Commerce Department on Friday. The report said the annual rate of consumer price growth accelerated to 4. ....

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Inflation drops in metro Phoenix, but still among highest in US

Phoenix area inflation continues cooling trend but Valley still among national leaders, with rents, food prices elevated ....

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Tech Stocks May Lead Initial Advance On Wall Street

The major U.S. index futures are currently pointing to a higher open on Thursday, with tech stocks likely to help lead an initial advance on Wall Street. The tech-heavy Nasdaq is likely to benefit from a surge by shares of Nvidia (NVDA), as the chipmaker is soaring by 11. ....

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Major Averages Close Narrowly Mixed Following Fed Minutes

WASHINGTON (dpa-AFX) - After ending the previous session sharply lower, stocks showed a lack of direction over the course of the trading day on Wednesday. The major averages spent the day bouncing ....

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