Economy Dec 08 U.S. employers add 199,000 jobs as economy shows signs of ‘soft landing’ Most economists and Wall Street traders think the Fed’s next move will be to cut rates, though that might not happen until the second half of 2024.
Economy Nov 20 Why economists say falling inflation isn’t enough to relieve stress about the U.S. economy Most Americans hold a glum view of the economy despite inflation reaching its lowest point in over two years. Many factors lie behind the disconnect, but economists increasingly point to one in particular: The lingering financial and psychological effects of…
Economy Nov 14 U.S. inflation cooled in October, driven lower by cheaper gas, cars and airfares Tuesday's report from the Labor Department showed that prices either fell or rose only slowly across a broad range of goods and services, including gas, new and used cars, hotel rooms and housing.
Politics Nov 09 Powell reinforces the Federal Reserve’s cautious approach toward further interest rate hikes Federal Reserve Chair Jerome Powell suggested that the Fed is in no hurry to further raise its benchmark interest rate, given evidence that inflation pressures are continuing to ease at a gradual pace.
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.