Storms affecting the Gulf region - in pictures
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With inflation back up, the long-predicted storm clouds in the economy may actually be forming
Progress on inflation is moving in the wrong direction. The latest Consumer Price Index, released Wednesday, showed that annual inflation ticked up to 3.5% in March from 3.2% in February. That marked the largest annual gain in half a year. Even though the current inflation rate is better than last March’s 4.9% rate, it signifies the highly anticipated rate cuts investors were banking on may not come this year. Now, instead, they may need to brace for another rate hike as interest rates stand at...
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Severe storms move into Southeast after unleashing tornadoes and life-threatening flooding along Gulf Coast
Fierce storms are targeting the Ohio Valley and tracking through the Southeast Thursday, a day after deadly storms spawned damaging tornadoes and flash flood emergencies from Texas to Mississippi. A tornado damaged homes in at least one Florida neighborhood in an area north of St. Augustine late in the morning, St. John’s County fire officials said. Another tornado was observed just north of Tampa in the early afternoon. The dangerous storms came after torrential rainfall plunged portions of the...