In July, the median asking rent nationwide rose 14% year over year, reaching $2,032, according to Redfin. That's down from May and June when rent growth was 16% and 15%.
“Consumers are seeing the price of groceries rise much more than the price of restaurants or fast-food establishments," a food economist told The Post.
British consumer price inflation is set to peak at 18% — nine times the Bank of England's target — in early 2023, an economist at US bank Citi said on Monday, raising his forecast once again in the light of the latest jump in energy prices.
Central banks are faced with the unenviable task of trying to put a lid on decades-high inflation without triggering harsh recessions that could unleash misery around the world. But Robert Shiller, a Nobel Prize-winning economist at Yale University,...
A Myanmar military court has sentenced ousted leader Aung San Suu Kyi and her former adviser to three years in prison for violating the country's Official State Secrets Act, a source familiar with the court proceedings confirmed to CNN.
Britain's economic prospects have soured significantly after Prime Minister Liz Truss's government announced to slash 48 billion dollars worth of unfunded taxes. CNN's Nina dos Santos reports.
The US housing market remains in “free fall” after a survey showed a “disastrous” decline in homebuilder confidence, a prominent economist warned on Tuesday.