Finance
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Prices up 2.6% in May from one year ago, according to key Fed inflation measure
The figures released by the Commerce Department were consistent with the previous Dow Jones estimates.
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Rapidly rising national debt threatens to reduce income growth by one-third: CBO data
Projected national debt growth could reduce income growth by 33% over the next three decades and 42% annually by FY 2049, according to the CBO
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Fed's Kashkari: 'Many months of positive inflation data' needed before rate cut
Kashkari signaled that the Fed might have to increase interest rates further if inflation does not cool over several months.