Politics Jul 24 Federal Reserve officials meet as central bank aims for ‘soft landing’ After the Fed began aggressively raising borrowing costs early last year, most economists predicted it would send the economy crashing. Yet even though the Fed is poised to raise its key rate on Wednesday for the 11th time since March…
Economy Jul 12 Inflation drops sharply to 3 percent, lowest point in more than 2 years The inflation figure the government reported Wednesday was down sharply from a 4 percent annual rate in May, though still above the Fed's 2 percent target rate.
Economy Jun 30 A Federal Reserve inflation index falls to lowest level in 2 years At the same time, consumers barely increased their spending last month, boosting it just 0.1%, after a solid 0.6% gain in April.
Politics Jun 21 WATCH: Fed Chair Powell testifies on inflation and interest rates before House committee “Inflation pressures continue to run high, and the process of getting inflation back down to 2% has a long way to go,” Powell said on the first of two days of semi-annual testimony on Capitol Hill.
Economy Jun 14 Fed keeps rates unchanged for first time in 15 months but signals 2 more potential hikes this year The Fed's move to leave its benchmark rate at about 5.1 percent, its highest level in 16 years, suggests that it believes the much higher borrowing rates it's engineered have made some progress in taming inflation.
Politics Jun 14 WATCH: Fed Chair Powell announces interest rates will remain unchanged as inflation eases The Fed’s move to leave its benchmark rate at about 5.1 percent, its highest level in 16 years, suggests that it believes the much higher borrowing rates it’s engineered have made some progress in taming inflation.
Economy Jun 13 U.S. consumer price growth slowed in May, though some inflation measures stayed high The pullback was driven by tumbling gas prices, a much smaller rise in grocery prices than in previous months and less expensive furniture, air fares and appliances.
Economy Jun 02 Both U.S. hiring and unemployment jumped last month. Here’s what that says about the economy Many industries, from construction to restaurants to health care, are still adding jobs to keep up with consumer demand and restore their workforces to pre-pandemic levels. Yet there were some mixed messages in the jobs figures.
Politics Jun 02 Labor market defies expectations with strong growth, adding 339,000 jobs in May The nation's employers stepped up their hiring in May, adding a robust 339,000 jobs, well above expectations and evidence of strength in an economy that the Federal Reserve is desperately trying to cool.
Economy May 25 Threat of America’s credit downgrade looms over debt ceiling talks With one of three major rating agencies warning that America's AAA credit is at risk, the stakes are growing in the standoff in Washington over raising the nation's debt limit.