News from Nashville & around the world
Like many countries, Australia is battling record-high cost-of-living. Annual inflation in August surged to 6.8% from just under 2% before the pandemic. International: Top News And Analysis
The Ethereum network will complete a long-awaited upgrade called the merge this week and anticipation of this helped lift crypto markets. International: Top News And Analysis
Euro zone inflation hit a new record high in August at 9.1%, exceeding economists’ expectations. International: Top News And Analysis
Fed Chairman Jerome Powell warned that he expects the central bank to continue raising rates in a way that will cause “some pain” to the economy. International: Top News And Analysis
Top tips to save on school supplies as back-to-school shopping takes a bigger bite of the budget this year. U.S. News
Uncertainty has Goldman CEO David Solomon operating cautiously as central banks around the world tighten financial conditions to combat inflation, he said. International: Top News And Analysis
June consumer inflation data and the start of the second-quarter earnings season could be two catalysts that make for bumpy markets in the week ahead. International: Top News And Analysis
Members said the July meeting likely also would see another 50 or 75 basis point move on top of a 75 basis point increase approved in June. International: Top News And Analysis
The stock market may try to regain its footing in the next few sessions, even as a fresh inflation report looms large at the end of the week. International: Top News And Analysis
U.S. Treasury yields ebbed on Thursday morning, as investors clung to hopes that inflation may be starting to peak. U.S. News