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Modalità di lettura

Warsh Vows to Tame Inflation as A.I. Delivers ‘Shock’ to Economy

The Federal Reserve chairman stuck to his pledge to avoid providing guidance about the path forward for interest rates, but did nothing to convey an urgency to raise them later this month.

© Athit Perawongmetha/Reuters

Federal Reserve Chairman Kevin Warsh speaking at an event during the IMF and World Bank annual meetings in Bangkok, Thailand, on Friday.
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Social Security COLA for 2027 Will Be 3.6%

The cost of living adjustment, or COLA, for next year will be the largest since 2023. Retirees will see the extra money in their benefit checks starting in January.

© Dave Sanders for The New York Times

A Social Security Administration office in Jamaica, Queens.
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Rising Interest Rates Bite Some Wall St. Banks

JPMorgan released surprisingly spotty earnings results for the third quarter, while Goldman Sachs and Citi posted better-than-expected results, reflecting a choppy trading environment.

© An Rong Xu for The New York Times

JPMorgan earned $15.3 billion in profit, falling short of analysts’ expectations.
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I.M.F. Warns Mideast War Will Widen Gap Between Rich and Poor Countries

Persistent conflicts, high energy costs and technological upheavals will slow global growth and raise prices, the organization forecast.

© Daniel Berehulak/The New York Times

The aftermath of an Israeli airstrike, in Tyre, Lebanon in May. Global conflicts are deepening the divide between economic winners and losers, the International Monetary Fund warned on Tuesday.
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