Economy Oct 13 Costs of housing and services accelerated U.S. inflation in September The jump in inflation last month is a sign that the Fed’s five rate hikes this year have so far done little to cool inflation pressures.
Economy Oct 04 U.S. job openings fell in August, potentially calming inflation The number of available jobs in the U.S. plummeted in August compared with July, a sign that businesses may pull back further on hiring and potentially cool chronically high inflation.
Economy Sep 22 Federal Reserve Chair Jerome Powell says inflation fight may cause a recession The Federal Reserve delivered its bluntest reckoning Wednesday of what it will take to finally tame painfully high inflation: Slower growth, higher unemployment and potentially a recession.
Politics Sep 21 WATCH: Fed raises key interest rate by three-quarters of a point The Fed’s move boosted its benchmark short-term rate, which affects many consumer and business loans, to a range of 3 percent to 3.25 percent, the highest level since early 2008.
Economy Sep 19 Interest rates likely to increase as Fed signals more hikes ahead Federal Reserve Chair Jerome Powell bluntly warned in a speech last month that the Fed's drive to curb inflation by aggressively raising interest rates would "bring some pain."…
Politics Sep 13 WATCH: White House press secretary Karine Jean-Pierre says Ukraine using U.S. weapons ‘with great effect’ As Ukrainian troops apply pressure on retreating Russian forces, pressing a counteroffensive that has produced a stunning blow to Moscow's military prestige, the White House says Ukraine is using advanced rocket systems provided by the U.S. "with great effect."…
Economy Sep 13 U.S. inflation ticks down slightly, but stays stubbornly high Sharply lower prices for gas and cheaper used cars slowed U.S. inflation in August for a second straight month, though many other items rose in price, indicating that inflation remains a heavy burden for American households.
Economy Sep 02 U.S. hiring slows as employers add a still-solid 315,000 jobs Even though the job gain declined from July, the report still pointed to a resilient labor market and an economy that is not near recession.
Economy Aug 30 Job openings rose in July, dashing Federal Reserve hopes for cooling The number of open jobs in the United States rose in July after three months of declines, a sign that employers are still urgently seeking workers despite slowing economic growth and high inflation.
Economy Aug 26 WATCH: Federal Reserve Chair Powell warns interest rates could increase ‘for some time’ Federal Reserve Chair Jerome Powell delivered a stark message Friday: The Fed will likely impose more large interest rate hikes in coming months and is resolutely focused on taming the highest inflation in four decades.