Politics Oct 24 U.S. inflation stays elevated but prices rose less than feared last month Consumer prices increased 3% in September from a year earlier, the Labor Department said Friday, up from 2.9% in August.
Nation Oct 15 Shutdown delays release of Labor Department’s monthly inflation report The government shutdown is delaying another major economic report, leaving policymakers at the Federal Reserve with a cloudier economic picture.
Economy Oct 14 Powell: Slowdown in U.S. hiring suggests economy still needs rate cuts Economists said Federal Reserve Chair Jerome Powell's remarks solidified expectations for further rate cuts, starting at its next meeting.
Economy Oct 10 WATCH: Nobel economics prize goes to 3 researchers for explaining innovation-driven economic growth Three researchers who probed the process of business innovation won the Nobel memorial prize in economics Monday for explaining how new products and inventions promote economic growth and human welfare, even as they leave older companies in the dust.
Economy Oct 03 Without a new jobs report, U.S. ‘flying blind’ on hiring in an uncertain economy The first Friday morning of the month typically brings a quiet hush around 8:30 a.m. eastern as everyone awaits the Labor Department's crucial monthly jobs report. Not this month, though.
Economy Oct 02 Shutdowns usually don’t do much economic damage, but there are reasons to worry this time Trump's massive layoff threat and the precarious state of the American economy raise the odds of longer-lasting damage.
Nation Oct 02 Vital economic data, including Friday’s jobs report, cut off in government shutdown The government shutdown that began Wednesday will deprive policymakers and investors of economic data vital to their decision-making at a time of unusual uncertainty about the direction of the U.S. economy.
Politics Sep 17 The Federal Reserve wrestles with how many interest rate cuts to make and how fast There are typically two different approaches the Fed takes to lowering borrowing costs: Either a measured pace that typically reflects a modest adjustment to its key rate, or a much more rapid set of cuts as the economy deteriorates in…
Economy Sep 16 WATCH: Powell announces first interest rate cut of the year The Federal Reserve cut its key interest rate by a quarter-point Wednesday and projected it would do so twice more this year as concern grows at the central bank about the health of the nation's labor market.
Politics Sep 11 Trump administration requests emergency ruling to remove Lisa Cook from Fed board The request represents an extraordinary effort by the White House to shape the board before the Fed's interest rate-setting committee meets next Tuesday and Wednesday.