Fed Vice Chair Lael Brainard stressed the need to tackle inflation and the importance of not shrinking from the task until it is finished.
Fed’s preferred gauge shows inflation accelerated even more than expected in August
The personal consumption expenditures price index excluding food and energy rose 0.6% for the month after being flat in July.
Stocks making the biggest moves premarket: Nike, Micron, Amylyx and others
These are the stocks posting the largest moves before the bell.
New coin designs for King Charles III released by the UK’s Royal Mint
The 50p coin, which will be in circulation before the end of the year, shows the new king without a crown and facing left.
Stocks making the biggest moves midday: Apple, CarMax, Coinbase, Peloton and more
These are the stocks posting the largest moves in midday trading.
‘The IRS is not the boogeyman.’ Here’s what to do if you still can’t pay your taxes
If you’re wrestling with tax debt, you may have options like an installment agreement or a penalty abatement through the IRS. Here’s what filers need to know.
Erdogan says Turkey will keep cutting interest rates, mocks British pound
Erdogan doubled down on his controversial monetary plan on Thursday, saying that he told central bank decision-makers to continue lowering rates.
Jobless claims hit five-month low despite Fed’s efforts to slow labor market
Initial filings for unemployment claims fell last week to their lowest level in five months, a sign that the labor market is strengthening.
Stocks making the biggest moves premarket: Apple, CarMax, Bed Bath & Beyond and more
These are the stocks posting the largest moves before the bell.
Pension fund panic led to Bank of England’s emergency intervention: Here’s what you need to know
The Bank of England on Wednesday launched a historic intervention to stabilize the U.K. economy.