Economy Nov 25 U.S. retail sales rose modestly in September, as consumers pulled back spending after months of splurging The retail sales figures suggest that Americans as a whole are still willing and able to boost their spending, a key driver of the economy, despite high prices for groceries, rent, and many imported goods hit by tariffs.
Politics Nov 17 In letter to Bondi, Fed's Lisa Cook says mortgage fraud allegations against her are 'baseless' “There is no fraud, no intent to deceive, nothing whatsoever criminal or remotely a basis to allege mortgage fraud,” the letter said.
Economy Nov 11 The government shutdown will impact an already-struggling economy, from lost paychecks to canceled flights The Congressional Budget Office estimated that about $11 billion in economic activity will be permanently lost from a six-week shutdown.
Nation Oct 29 Missing government data unlikely to sway Federal Reserve from rate-cut path The data drought raises risks for the Fed because it is widely expected to keep cutting rates in an effort to shore up growth and hiring. Yet should job gains pick up soon, the Fed may not detect the change.
Politics Oct 28 WATCH: Powell delivers remarks after Federal Reserve cuts key rate as government shutdown clouds economic outlook Fed Chair Jerome Powell cautioned that further rate cuts weren’t guaranteed, citing the government shutdown’s interruption of economic reports and sharp divisions among 19 Fed officials who participate in the central bank's interest-rate deliberations.
Politics Oct 24 U.S. inflation stays elevated but prices rose less than feared last month Consumer prices increased 3% in September from a year earlier, the Labor Department said Friday, up from 2.9% in August.
Nation Oct 15 Shutdown delays release of Labor Department's monthly inflation report The government shutdown is delaying another major economic report, leaving policymakers at the Federal Reserve with a cloudier economic picture.
Economy Oct 14 Powell: Slowdown in U.S. hiring suggests economy still needs rate cuts Economists said Federal Reserve Chair Jerome Powell's remarks solidified expectations for further rate cuts, starting at its next meeting.
Economy Oct 10 WATCH: Nobel economics prize goes to 3 researchers for explaining innovation-driven economic growth Three researchers who probed the process of business innovation won the Nobel memorial prize in economics Monday for explaining how new products and inventions promote economic growth and human welfare, even as they leave older companies in the dust.
Economy Oct 03 Without a new jobs report, U.S. 'flying blind' on hiring in an uncertain economy The first Friday morning of the month typically brings a quiet hush around 8:30 a.m. eastern as everyone awaits the Labor Department's crucial monthly jobs report. Not this month, though.