United States inflation gauge hits three-year high

 

The United States Commerce Department reported Thursday that the Federal Reserve’s preferred inflation measure, the Personal Consumption Expenditures price index, rose 4.1 percent year-over-year, its highest level in three years and up from 3.8 percent the previous month. On a monthly basis, PCE increased 0.4 percent, matching the prior month...

Gas prices drop across states ahead of holiday

 

Nashville: Gas prices in multiple U.S. states declined this week, with Tennessee averaging $3.50 per gallon, Massachusetts dipping below $4 on Thursday, and AAA reporting Indiana among the lowest-price states following a state tax suspension. Publishers cited AAA and GasBuddy averages and local official statements to report week-over-week and month-over-month...

USDA publishes FY2025 SNAP error-rate state rankings

 

United States. The U.S. Department of Agriculture released fiscal year 2025 SNAP payment error-rate data this week, showing a national error rate of 10.62% and wide variation among states; South Dakota registered 2.47% while Alaska recorded the highest rate of 23.15%, with Maryland at 13.08% and Illinois at 14.7%. The report,...

Gasoline prices decline across multiple U.S. regional markets

 

United States — Gasoline prices fell across multiple U.S. metros this week as retailers adjusted pump prices following recent market moves. In Columbus on Sunday, GasBuddy reported averages of $3.89 per gallon after a 27.5-cent weekly drop; Monday reports showed Campbell County, Wyoming, at $4.06 and Natrona County averages near...

United States Treasury yields climb after Trump Iran threats

 

U.S. Treasury yields rose on Monday as investors reacted to President Donald Trump’s renewed threats of military action against Iran over Hezbollah’s attacks on Israel, a development that pushed oil prices higher and sharpened inflation concerns. The move followed a U.S. cash Treasury market holiday on Friday, with analysts saying...

Iran closes Strait of Hormuz, roiling global oil markets

 

Tehran, Iran – Iran has halted commercial shipping through the Strait of Hormuz, one of the world’s most important energy chokepoints, abruptly cutting off a route that carries roughly one-fifth of global petroleum consumption. The move follows the breakdown of a memorandum of understanding between Tehran and Washington that had...

United States Fed launches task force to shrink balance sheet

 

The U.S. Federal Reserve, led by Chair Kevin Warsh, announced today the creation of a task force to examine and begin reducing the central bank’s $6.7 trillion balance sheet. The move represents the first major structural initiative of Warsh’s tenure and signals a shift away from the recent era of...

States Report Mixed Job Growth and Steady Unemployment Trends

 

United States. State labor reports released in mid‑June 2026 show mixed job growth and steady unemployment across several states: Oregon's payrolls remain below last year's levels with unemployment at 5.2 percent for five months, Pennsylvania's unemployment held at 4.2 percent in May while total nonfarm jobs reached a record high,...

Illinois Enacts 0.2% Tax on Crypto Transactions Statewide

 

Chicago. Governor J.B. Pritzker signed the Digital Asset Tax Act on 18th June 2026, embedding a 0.2% levy on the exchange, transfer and custody of cryptocurrencies into Illinois' fiscal year 2027 budget; the law requires digital asset brokers, including exchanges and custodians, to collect and remit the fee and takes...

United States braces for pivotal Federal Reserve decision

 

The Federal Open Market Committee is set to announce its latest interest rate decision on Wednesday, June 17, 2026, in Washington, in the first policy meeting led by new Federal Reserve Chair Kevin Warsh. Markets, as measured by the CME FedWatch tool, assign a 97 percent probability that the benchmark...