Economy Jan 04 Officials cited strong hiring to justify raising interest rates, Fed minutes reveal Federal Reserve officials suggested at their most recent meeting that a continuing streak of robust hiring could keep inflation elevated and was a key reason why they expected to raise interest rates this year more than they had previously forecast.
Economy Jan 04 U.S. job openings remained high in sign of economic resilience U.S. job openings slipped in November but remained at high suggesting businesses are still determined to add workers, a blow to the Federal Reserve's efforts to cool hiring and wage gains.
Economy Dec 29 Applications for unemployment benefits see small rise, indicating strength of economy The number of people seeking unemployment benefits rose modestly last week, the latest sign that the labor market remains strong despite the Federal Reserve's efforts to cool the economy and hiring.
Economy Dec 13 Slowdown in inflation eases some pressure on American households Inflation in the United States slowed again last month in the latest sign that price increases are cooling despite the pressures they continue to inflict on American households.
Politics Dec 13 WATCH: ‘Economic plan is working’ to slow inflation, Biden says Consumer prices rose 7.1 percent in November from a year ago, the government said Tuesday. That was down from 7.7 percent in October and a recent peak of 9.1 percent in June.
Economy Nov 17 Federal Reserve official suggests substantial rate hikes may be needed The Federal Reserve may have to raise its benchmark interest rate much higher than many people expect to get inflation under control, said James Bullard, who leads the Federal Reserve Bank of St. Louis.
Politics Nov 04 Labor market adds 261,000 jobs with U.S. employers still hiring at solid pace America's employers kept hiring briskly in October, adding a substantial 261,000 positions, a sign that as Election Day nears, the economy remains a picture of solid job growth and painful inflation.
Economy Nov 02 Federal Reserve unleashes another big rate hike but hints at a pullback soon It was the Fed's sixth rate hike this year — a streak that has made mortgages and other loans increasingly expensive and heightened the risk of a recession.
Economy Nov 02 WATCH: Federal Reserve Chair Jerome Powell faces questions after interest rate decision The Federal Reserve pumped up its benchmark interest rate Wednesday by three-quarters of a point for a fourth straight time to fight high inflation but also hinted that it could soon reduce the size of its rate hikes.
Economy Oct 14 How inflation spread across different sectors, making it harder to tame What keeps driving inflation so high? The answer, it seems, is nearly everything.