U.S. Economy

Specialist traders work inside a post on the floor of the New York Stock Exchange (NYSE) in New York City, November 10, 2022.Brendan Mcdermid | ReutersGlobal stock markets have rallied on hopes that central banks will soon begin to slow…

Inflation has already peaked, but it will remain above pre-Covid levels in 2023, said David Mann, chief economist for Asia-Pacific, Middle East and Africa at the Mastercard Economics Institute."Inflation has seen its peak this year, but…

A San Francisco grocery store.David Paul Morris/Bloomberg via Getty ImagesInflation is taking a big bite out of workers' paychecks, eroding many of the raises businesses have offered to attract and keep employees in a hot job market.But…