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.
Economy Sep 25 Why the job market has weathered rising interest rates, grim economic forecasts Inflation has tumbled from its peak of 9.1% in June 2022 to 3.7% on the back of the Fed’s rate hikes. Yet the unemployment rate, at a still-low 3.8%, has scarcely budged.
Economy Sep 20 WATCH: Federal Reserve keeps rates unchanged but signals likelihood of another hike this year Besides forecasting another hike by year’s end, Fed officials now envision keeping rates high deep into 2024. They expect to cut interest rates just twice next year, fewer than the four rate cuts they had predicted in June.
Economy Sep 13 August inflation rises due to higher gas prices, yet underlying core measures cooled Excluding the volatile food and energy categories, so-called core prices rose 4.3 percent, down from 4.7 percent in July and the smallest increase in nearly two years.