Christopher Rugaber
- Indexed articles, last 90 days
- 5
- Latest publication
- Sep 21, 2026
- Outlet visibility, for Global News
- Top 50K sites
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- Jul 14, 2026
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Fighting inflation likely to be ‘painful,’ U.S. Fed official says - National | Globalnews.ca (opens the original)
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A top Federal Reserve official said Monday that the central bank may have to cause economic pain in the form of higher unemployment to combat stubbornly high inflation. Austan Goolsbee, president of the Federal Reserve Bank of Chicago, said in a speech in London that the Fed is facing a series of persistent supply shocks that have driven up inflation, including higher oil prices from the Iran war and tariffs. Typically, Goolsbee noted, the central bank would essentially wait for such shocks to f
U.S. inflation topped 3.4 per cent boosting odds of interest rate hikes - National | Globalnews.ca (opens the original)
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U.S. inflation accelerated last month as gas prices spiked in the wake of renewed fighting in the Middle East, underscoring the affordability challenges that are top of mind for many voters with midterm elections now just seven weeks away. The consumer price index rose 3.4 per cent last month compared with a year ago, the Labor Department said Friday, the same as in July. But on a monthly basis, inflation quickened, as costs jumped 0.4 per cent from July to August, up from an increase of just 0.
Rate hikes may be coming amid inflation, new U.S. Fed chief signals - National | Globalnews.ca (opens the original)
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Federal Reserve Chair Kevin Warsh said Friday that inflation is still too high and suggested the central bank may have to raise interest rates in the coming months to bring it down, a clearer signal than he had sent previously about his economic outlook. In his first high-profile speech at the Fed’s annual conference at Jackson Hole, Wyoming, Warsh acknowledged that recent U.S. data show inflation has cooled a bit, but “they do not tell me that underlying trends have meaningfully improved.” “We
U.S. inflation cooled in July as gas prices fell but costs still high - National | Globalnews.ca (opens the original)
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U.S. inflation slowed last month and a measure of underlying price pressures also cooled, suggesting higher oil and gas prices from the Iran war are only having a limited impact on broader costs in the economy. Consumer prices rose 3.4 per cent in July from a year ago, down slightly from 3.5 per cent in June, the Labor Department said Wednesday. But inflation is still higher than before the Iran war began in February, when it was 2.4 per cent. On a monthly basis, prices rose just 0.1 per cent fr
U.S. inflation cooled to 3.5% in June as gas prices fell - National | Globalnews.ca (opens the original)
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U.S. inflation cooled last month as the cost of gas, clothes, and used cars fell, providing some relief to American consumers, while underlying price pressures also cooled more than expected. Prices dropped 0.4 per cent from May to June, the largest monthly drop in four years, the Labor Department said Tuesday. On a yearly basis, inflation declined to 3.5 per cent, down from a year-over-year gain of 4.2 per cent in May and lower than many economists expected. Yet oil prices rose for a second day
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