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US Finance News: live updates

As President Biden battles with the sky-high rate of inflation and continued gasoline price rises, we bring you the latest financial news from the US.

William Gittins
Is US heading for a housing bust?

The red-hot housing prices are set to cool over the coming months. Some overpriced markets could even see a decline over the next couple years.

Greg Heilman
Baby formula shortage could last weeks

A lack of baby formula has become more acute in the US, sparked by a recall from the biggest producer. The FDA says that it is working to secure supplies.

Greg Heilman