Federal Reserve Chairman Jerome Powell delivered a stern commitment Friday to halting inflation, warning that he expects the central bank to continue raising interest rates in a way that will cause “some pain” to the U.S. economy.
This closely watched inflation measure showed some cooling in July
The Federal Reserve’s favored inflation indicator showed that prices took a breather last month as fuel costs continued to fall from record highs.
Ford hikes price of electric Mustang Mach-E by as much as $8,475 due to ‘significant’ battery cost increases
Ford Motor is hiking the starting prices of its electric Mustang Mach-E crossover by more than $8,000 for some models, as it reopens order banks for the 2023 model year.