Bessent Says Core Inflation Falls to 2.5% as Lower-Wage Workers See 5.5% Pay Gains
U.S. Treasury Secretary Scott Bessent said wages for the lowest-paid quarter of American workers rose 5.5% over the past year,...
World News
Global economic and financial news — Federal Reserve decisions, geopolitical events, trade policy and macroeconomic data that move financial markets worldwide.
Bessent declares end of K-shaped economy as bottom-quartile wages climb 5.5%
Treasury Secretary Scott Bessent says the "K-shaped economy" is over, pointing to bottom-quartile wage growth of 5.5% against 1.5% for...
Kyiv retakes 26 settlements and 600 km2 in southeastern Ukraine
Ukrainian forces have retaken 26 settlements and more than 600 square kilometers in southeastern Ukraine, advancing across the Dnipropetrovsk, Donetsk,...
Lavrov rejects Ukraine ceasefire, threatens harsher strikes on Kyiv’s backers
Russian Foreign Minister Sergey Lavrov has rejected calls for a ceasefire with Ukraine and threatened harsher strikes against entities backing...
US national debt nears $40 trillion, on pace to hit $50 trillion by 2029
The US national debt is closing in on $40 trillion, and Bank of America strategist Michael Hartnett expects the next...
