U.S. Industrial Production Rose in April
U.S. industrial production rose by 0.7% last month, after decreasing by an upwardly revised 0.3% in March. Source link
Finance
The Clock Is Ticking on Your Chance to Cash In on a Covid-Era Tax Loophole
Millions of Americans could be owed billions of dollars in tax refunds of Covid-era interest and penalties. Filing a claim
Fed’s Barr: Shrinking The Balance Sheet Is The Wrong Objective
Federal Reserve Gov. Michael Barr said shrinking the balance sheet is the wrong objective for the central bank, and many
The Wall Street Journal reviews Fed-related statements made by Kevin Warsh from 2006 to 2026
The next chair has said a lot about the Federal Reserve’s independence and role in the economy over the years.
Retailers’ Sales Growth Cooled Last Month
Sales growth slowed for U.S. retailers in April, damped by a cooler increase in gasoline prices as the Iran conflict
U.S Jobless Claims Rose Last Week
U.S. jobless claims rose last week but were still relatively low, signaling employers held back from widespread layoffs. Source link
Ireland’s Foreign Investment Chief Sees Inflows Holding Up Despite Headwinds
As one of the main beneficiaries of globalization, Ireland continues to pin its hopes on attracting foreign businesses. Source link
U.K. Economy Accelerates at Start of 2026
The economy expanded at a faster pace in the first quarter of the year, but the effects of the conflict
Jerome Powell is wrapping up eight hazard-filled years as Fed chair, and weathered the most sustained political assault on the central bank in its modern history
The pandemic, inflation and White House pressure tested the central bank’s leader as never before. Source link
Boston Fed President Susan Collins flagged the possibility that the central bank might need to raise interest rates if inflation pressures broaden in coming months
In an interview, the Fed official said she is watching how households’ inflation expectations have drifted higher. Source link