Former Deputy Treasury Secretary Michael Faulkender analyzes the August CPI report as consumer prices rise 3.4% annually and weighs whether the Fed should hike rates on 'The Bottom Line.'

Hotter-than-expected ​inflation readings will give little comfort to the majority of U.S. central bankers who have been counting on ‌price pressures easing on their own, and set the table for an interest-rate hike next week.

Friday’s inflation report is shaping up to be among the most consequential in years. Oil and gas prices have spiked again on the back of renewed combat in the Middle East. The Federal Reserve is considering whether to lift its short-term interest rate next week,

September Fed rate-hike bets surge after hottish August CPI as investors weigh whether Fed Chair Kevin Warsh will deliver more than one increase, in any.

The move upset Unifor, which has urged the company to reopen and invest in the facility. Unifor said it was at an impasse in contract talks.

Unifor and Stellantis have hit an impasse after 10 days of bargaining over the future of the Brampton Assembly Plant, with talks paused as the Sept. 11 deadline passes and uncertainty looming for Windsor and Etobicoke plans alongside a possible Brampton closure or sale to a third party.

The future of one of Ontario’s best-known auto plants has taken another sharp turn. Stellantis has signed a memorandum of

Unifor and Stellantis opened 2026 bargaining in Toronto Sept. 1 with a handshake between Unifor President Lana Payne and Stellantis Canada CEO Trevor Longley. (DAVID KENNEDY/AUTOM

Oil prices are up as the Iran War continues.

Many consumers are focused on oil prices, as they worry about how much they'll have to pay at the pump. Several factors are impacting oil prices and the U.S. supply, including the ongoing conflict in

This was the “biggest wave of attacks on shipping by both sides” yet, Reuters said, and it “sent the price of oil surging” above $100 a barrel for the first time since July. U.S. gas prices hit $4.22 per gallon,

Diesel prices blew past $6 per gallon nationally Friday, setting another record as the Iran war continues to squeeze global oil and refined-fuel supplies. The national average […]

Barclays expects the European Central Bank to raise interest rates by another 25 basis points ​in December, as higher inflation projections and rising energy prices amid the ‌U.S.-Iran war strengthen the case for further policy tightening.

CGTN Europe spoke to Claus Vistesen, Chief Eurozone Economist at Pantheon Macroeconomics.

The European Central Bank raised some of its growth projections on Thursday ​and also lifted its inflation outlook, suggesting that ‌it expects a war-induced energy shock to dissipate only slowly.

The European Central Bank raised its policy rate ​on Thursday for the second ‌time this year, by a quarter point to 2.50%, seeking to quell ​an energy-driven rise in inflation ​triggered by the Iran war.

Government inflation data released Friday is pointing toward a 3.6% increase in Social Security benefits next year.

The latest forecast for Social Security’s 2027 cost-of-living adjustment offers little comfort to millions of seniors who rely on the monthly payments. The Senior Citizens League predicts Social Security’s COLA will be 3.

A history-making moment is on tap for America’s leading retirement program in 2027, courtesy of President Trump.

Social Security’s cost-of-living adjustment for 2027 could be at least 3.4%, adding about $71 to the average retiree’s monthly benefits as inflation persists. Estimates for next year’s COLA varied among analysts but were still higher than the average increase of 2.