Economy Nov 01 WATCH: Jerome Powell holds briefing after Fed leaves key interest rate unchanged At a news conference after the meeting, Chair Jerome Powell suggested that the Fed was edging ever closer to the end of its rate-hiking campaign.
Economy Oct 31 U.S. wages rose at a solid pace this summer, posing challenge for the Federal Reserve’s inflation fight Wages and benefits grew at a slightly faster pace in the July-September quarter than the previous three months, a benefit to workers that also represents a risk to the Federal Reserve's fight against inflation.
Nation Oct 30 How long can the surge in U.S. consumer spending last despite higher prices? A flow of recent data from the U.S. government has made one thing strikingly clear: A surge in consumer spending is fueling strong growth, demonstrating a resilience that has confounded economists, Federal Reserve officials and even the sour sentiments that…
Economy Oct 27 U.S. consumers keep spending even in the face of persistent inflation and high interest rates An inflation gauge that is closely monitored by the Federal Reserve showed price increases remained elevated in September amid brisk consumer spending and strong economic growth.
Economy Oct 26 U.S. economy grows 4.9 percent, shrugging off interest rates and defying recession forecasts The nation's economy expanded at a robust 4.9 percent annual rate from July through September as Americans defied higher prices, rising interest rates and widespread forecasts of a recession to spend at a brisk pace.
Economy Oct 12 September’s U.S. consumer inflation eased slightly as price pressures cool Still, on a month-to-month basis, prices are still rising faster than is consistent with the Fed’s 2 percent target.
Politics Oct 09 2 Federal Reserve officials say spike in bond yields may allow central bank to leave rates alone That's because a surge in long-term interest rates has made borrowing more expensive and could help cool inflation without further action by the central bank.
Economy Oct 06 In a sign of economic resilience, U.S. employers added 336,000 jobs in September Friday's report from the Labor Department showed that hiring last month jumped from a 227,000 increase in August, which was revised sharply higher.
Economy Sep 29 Higher gas prices lift Fed’s preferred inflation gauge but underlying price pressures remain mild An inflation gauge closely tracked by the Federal Reserve rose in August, boosted mainly by higher gas prices. But measures of underlying inflation slowed in the latest sign that overall price pressures are still moderating.
Politics Sep 28 Economy grows 2.1 percent estimates government, unchanged from previous projection The U.S. economy grew at a 2.1% annual pace from April through June, extending its sturdy performance in the face of higher interest rates, the government said Thursday, leaving its previous estimate unchanged.