Economy Sep 22 Federal Reserve Chair Jerome Powell says inflation fight may cause a recession The Federal Reserve delivered its bluntest reckoning Wednesday of what it will take to finally tame painfully high inflation: Slower growth, higher unemployment and potentially a recession.
Politics Sep 21 WATCH: Fed raises key interest rate by three-quarters of a point The Fed’s move boosted its benchmark short-term rate, which affects many consumer and business loans, to a range of 3 percent to 3.25 percent, the highest level since early 2008.
Economy Sep 19 Interest rates likely to increase as Fed signals more hikes ahead Federal Reserve Chair Jerome Powell bluntly warned in a speech last month that the Fed's drive to curb inflation by aggressively raising interest rates would "bring some pain."…
Politics Sep 13 WATCH: White House press secretary Karine Jean-Pierre says Ukraine using U.S. weapons ‘with great effect’ As Ukrainian troops apply pressure on retreating Russian forces, pressing a counteroffensive that has produced a stunning blow to Moscow's military prestige, the White House says Ukraine is using advanced rocket systems provided by the U.S. "with great effect."…
Economy Sep 13 U.S. inflation ticks down slightly, but stays stubbornly high Sharply lower prices for gas and cheaper used cars slowed U.S. inflation in August for a second straight month, though many other items rose in price, indicating that inflation remains a heavy burden for American households.
Economy Sep 02 U.S. hiring slows as employers add a still-solid 315,000 jobs Even though the job gain declined from July, the report still pointed to a resilient labor market and an economy that is not near recession.
Economy Aug 30 Job openings rose in July, dashing Federal Reserve hopes for cooling The number of open jobs in the United States rose in July after three months of declines, a sign that employers are still urgently seeking workers despite slowing economic growth and high inflation.
Economy Aug 26 WATCH: Federal Reserve Chair Powell warns interest rates could increase ‘for some time’ Federal Reserve Chair Jerome Powell delivered a stark message Friday: The Fed will likely impose more large interest rate hikes in coming months and is resolutely focused on taming the highest inflation in four decades.
Economy Aug 11 U.S. wholesale inflation fell in July for first time in 2 years Prices at the wholesale level fell from June to July, the first month-to-month drop in more than two years and a sign that some of the U.S. economy's inflationary pressures cooled last month.
Nation Aug 10 U.S. inflation at 8.5 percent, slips from from 40-year high Falling gas prices gave Americans a slight break from the pain of high inflation last month, though the surge in overall prices slowed only modestly from the four-decade high it reached in June.