Fed’s Bullard sees more interest rate hikes ahead and no U.S. recession

August 3, 2022

St. Louis Federal Reserve President James Bullard said Wednesday that the central bank will continue raising rates until it sees compelling evidence that inflation is falling.

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Here’s why gas prices are sinking

Prices at the pump continue to sink, providing relief to inflation-weary consumers and an economy mired in a slowdown.

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Ford reports big jump in July sales, including for trucks and electric vehicles

Ford Motor’s U.S. vehicle sales last month showed notable improvements in volumes and truck availability, following a fire at a supplier’s plant in Japan that hurt its year-ago sales.

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