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.
Economy May 18 As high inflation continues, split on strategy among Federal Reserve officials The stubbornness of high inflation is dividing the Federal Reserve over how to manage interest rates in the coming months, leaving the outlook for the Fed's policies cloudier than at any time since it unleashed a streak of 10 straight…
Economy May 10 U.S. prices rose in April, showing inflation pressures persist Consumer prices in the United States rose again in April, and measures of underlying inflation stayed high, suggesting that rising costs could persist for months to come.
Politics May 08 Lawsuit calls on Treasury Secretary Yellen to ignore ‘unconstitutional’ debt limit A union of government employees has sued Treasury Secretary Janet Yellen and President Joe Biden to try to stop them from complying with the law that limits the government's total debt, which the lawsuit contends is unconstitutional.
Economy May 03 Fed raises interest rate again but hints it may pause due to bank turmoil The Federal Reserve reinforced its fight against high inflation Wednesday by raising its key interest rate by a quarter-point to the highest level in 16 years.
Economy May 03 WATCH: Federal Reserve Chair Jerome Powell speaks on latest interest rate hike The Fed's efforts have only partly succeeded in taming the worst inflation bout in four decades, and the surge in rates has contributed to the collapse of three large banks and turmoil in the banking industry.
Economy Apr 28 Fed faults Silicon Valley Bank executives, itself in bank failure Silicon Valley Bank failed due to a combination of extremely poor bank management, weakened regulations and lax government supervision, the Federal Reserve says in a highly-anticipated review of how the central bank failed to properly supervise the bank before it…