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Surging gasoline and energy prices, as well as the cost of groceries, have pushed the forecast for the cost-of-living adjustment higher.
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With inflation spiking and Treasury yields surging, Warsh is likely to confront a Federal Open Market Committee in no mood to ease.
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USS Ford returns home after 11-month deployment supporting the Iran war and Maduro's capture AP NewsNavy Aircraft Carrier Completes Longest Deployment Since Vietnam The New York TimesSailors reunite with family and friends after historic deployment onboard USS Gerald R. Ford WAVY.comUS aircraft carrier returns home after record deployment that included Iran war, Maduro capture CNN
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A new Ebola outbreak has already killed 87 people in Democratic Republic of Congo NPRDRC health minister warns ‘very high' Ebola lethality rate as toll hits 80 Al JazeeraNew York doctor who survived Ebola says he fears for healthcare workers treating the virus CBS News
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The Countries Profiting From the War Oil Shock, as Others Lose Out The New York TimesGlobal oil stockpiles could hit record lows if Strait of Hormuz remains closed CNBCMapping the Iran war's trade disruption The EconomistOil Prices Stay Stuck Despite ‘Consensus' That Strait of Hormuz Will Reopen in June Barron's
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California Governor Gavin Newsom is proposing a new tax on cloud-based software sales, turning to the technology sector for billions of dollars in new revenue as the state's budget is being lifted by the artificial-intelligence boom.
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The outgoing Fed governor shares big ideas with the incoming chair.
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Hopes for an end to the war in Iran faded after President Trump failed to secure a commitment from China to help persuade Iran to reopen the Strait of Hormuz.
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