Fed's Favored Price Gauge Rises at a Mild Pace

The Federal Reserve's preferred measure of underlying U.S. inflation rose at a tame pace in June and consumer spending remained healthy—two encouraging…

By Augusta Saraiva | July 26, 2024 at 01:51 PM

Photo: Pedestrians in Chicago, Illinois.

The Federal Reserve's preferred measure of underlying U.S. inflation rose at a tame pace in June and consumer spending remained healthy—two encouraging signs for officials looking to cool inflation without breaking the economy.

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1 Treasury Department Flags Risks from New Cross-Border Payments Systems

2 U.S. Initial Jobless Claims Decline

3 Federal Court Shuts down Expanded Overtime Pay Rule

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Federal Court Shuts down Expanded Overtime Pay Rule

By Michael Popke | November 21, 2024

According to a Texas judge, the U.S. Department of Labor overstepped its boundaries in raising the salary threshold.

Federal Court Shuts down Expanded Overtime Pay Rule

U.S. Initial Jobless Claims Decline

By Jarrell Dillard | November 21, 2024

Last week, unemployment applications fell to 213,000, the lowest level since April.

Treasury Department Flags Risks from New Cross-Border Payments Systems

By Christopher Anstey | November 21, 2024

Soon after BRICS leaders said they will build a cross-border payments system that bypasses Western platforms, a senior U.S. Treasury official warns that such a system would pose risks to international financial stability if it didn’t adhere to standards aimed at minimizing illicit activity.

Treasury Department Flags Risks from New Cross-Border Payments Systems

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