Nation Feb 15 American consumers retail sales jump as Americans defy inflation and rate hikes America's consumers rebounded last month from a weak holiday shopping season by boosting their spending at stores and restaurants at the fastest pace in almost two years, underscoring the economy's resilience in the face of higher prices and multiple interest…
Economy Feb 07 Powell predicts ‘significant’ inflation drop but job market strength means more rate hikes Federal Reserve Chair Jerome Powell said Tuesday that last week's blockbuster U.S. jobs report showed it would likely take time to curb high inflation but that he expects a "significant decline" in inflation this year.
Economy Feb 01 Interest rate boosted again by quarter-point as Fed signals more hikes to combat inflation The central bank’s latest move put its benchmark short-term rate in a range of 4.5 percent to 4.75 percent, its highest level in about 15 years.
Economy Jan 31 U.S. wage growth slowed in the last quarter of 2022 Pay and benefits for America's workers grew at a healthy but more gradual pace in the final three months of 2022 which could help reassure the Federal Reserve that wage gains won't fuel higher inflation.
Economy Jan 30 Federal Reserve prepares for smaller hike, but may hint of fewer increases The Federal Reserve is poised this week to raise its benchmark interest rate for an eighth time since March. But the Fed will likely announce a smaller hike for a second straight time, and it could change some key wording…
Economy Jan 27 U.S. inflation and consumer spending eases in December The Federal Reserve's preferred inflation gauge eased further in December, and consumer spending fell — the latest evidence that the Fed's series of interest rate hikes are slowing the economy.
Economy Jan 12 Inflation eases across U.S., may need less action from Fed to control it Rising U.S. consumer prices moderated again last month, bolstering hopes that inflation's grip on the economy will continue to ease this year and possibly require less drastic action by the Federal Reserve to control it.
Nation Jan 12 U.S. inflation eased again to 6.5 percent, raises hope of less action by Federal Reserve Rising consumer prices in the United States moderated again last month, bolstering hopes that inflation's grip on the economy will continue to ease this year and possibly require less drastic action by the Federal Reserve to control it.
Economy Jan 10 World Bank warns of looming global recession The World Bank warns the global economy will come "perilously close" to a recession this year, led by weaker growth in the world's top economies — the United States, Europe and China.
Economy Jan 06 December unemployment falls slightly to 3.5 percent, tied for a 50-year low America's employers added a solid 223,000 jobs in December, evidence that the economy remains healthy even as the Federal Reserve is rapidly raising interest rates to try to slow economic growth and the pace of hiring.