Economy Jul 02 U.S. employers pulled back on hiring in June U.S. employers added only 57,000 jobs, less than half the previous month’s total and a sign companies still have a cautious economic outlook.
Economy Jul 01 Federal Reserve Chair Warsh emphasizes political independence, signals focus on inflation In remarks at a central bank conference in Sintra, Portugal, Warsh said that if businesses or households thought the Fed would accept inflation above 2%, “I guess they'd be disappointed. We're going to deliver price stability.”…
Economy Jun 30 U.S. consumer confidence rises as gas prices fall, but economic outlook remains gloomy The Conference Board said Tuesday that its consumer confidence index rose 0.6 point to 91.2 in June, a figure that is still below its year-ago reading of 95.2.
Economy Jun 25 Key inflation gauge jumps to 3-year high in latest sign of affordability challenges The increase was largely driven by more expensive gas, as well as pricier semiconductors and other computer equipment that are in high demand for the AI buildout.
Economy Jun 22 Former Federal Reserve Chairman Alan Greenspan dies at 100 Former U.S. Federal Reserve Chair Alan Greenspan died Monday from complications of Parkinson’s disease, said his wife of 29 years, NBC News correspondent Andrea Mitchell. He was 100.
Economy Jun 17 WATCH: New Fed chair Kevin Warsh holds first news conference after leaving interest rate unchanged The Federal Reserve kept its key rate unchanged Wednesday yet almost half the central bank’s policymakers said they could support a rate hike later this year.
Economy Jun 10 Inflation rises to a 3-year high on spiking gas prices, highlighting affordability challenges Rising gas prices pushed inflation to its highest level in three years last month, a headache for the Federal Reserve and a potential political challenge for the Trump administration as midterm elections near.
Economy May 28 Key inflation gauge worsens as Americans' income and spending power erodes A key inflation gauge accelerated in April to the highest level in three years, squeezing Americans' finances and creating political challenges for President Trump and congressional Republicans with midterm elections just five months away.
Economy May 26 Even as stock market hits highs, most Americans are cutting back on spending, survey shows U.S. consumer confidence declined slightly this month as gas prices stayed high and inflation remained elevated, a sharp contrast to soaring stock prices that have neared record levels.
Politics May 13 Senate confirms Trump pick Warsh as chairman of the Federal Reserve, following Powell The Senate confirmed President Donald Trump’s nominee to lead the Federal Reserve, Kevin Warsh, bringing new leadership to the world's most powerful central bank at a fraught moment for the global economy.