Consumer Sentiment Drops to New Low, University of Michigan Survey Finds
Higher gasoline prices and the tense standoff in the Middle East helped push consumer sentiment to a new all-time low in May, with rising anxiety about future inflation, according to the University of Michigan's monthly survey.
Fed's Waller: Inflation Risks Mean Fed Should No Longer Signal Cuts
Christopher Waller said holding rates steady will likely be the right course for the foreseeable future, and he can no longer rule out rate hikes down the road if inflation does not ease soon.
World Trade Grew Strongly at Start of Year on AI Boom
