Economy Mar 04 U.S. added 678,000 jobs in February in sign of economic health U.S. employers added 678,000 jobs in February, another solid gain that underscored the economy's robust health as the omicron wave fades and more Americans venture out to spend at restaurants, shops and hotels despite surging inflation.
Politics Mar 03 WATCH: Federal Reserve chair Powell says Ukraine invasion will worsen inflation Federal Reserve Chair Jerome Powell warned Thursday that Russia's invasion of Ukraine, which has already driven up oil prices, will likely further magnify the high inflation that has engulfed the U.S. economy.
Politics Mar 01 WATCH: Biden banning Russia from U.S. airspace because of Ukraine President Joe Biden announced Tuesday night in his State of the Union address that the U.S. is banning Russian flights from its airspace in retaliation for the invasion of Ukraine.
Economy Feb 25 Key inflation gauge hit 6.1 percent in January, highest since 1982 An inflation gauge that is closely monitored by the Federal Reserve jumped 6.1 percent in January compared with a year ago, the latest evidence that Americans are enduring sharp price increases that will likely worsen after Russia's invasion of Ukraine.
Nation Feb 10 Inflation hits 40 year high, reinforcing Fed’s decision to raise interest rates Inflation soared over the past year at its highest rate in four decades, hammering America's consumers, wiping out pay raises and reinforcing the Federal Reserve's decision to begin raising borrowing rates across the economy.
Economy Feb 04 U.S. employers shrug off omicron, add 467,000 jobs in January The Labor Department’s Friday report also showed the unemployment rate ticked up to 4 percent from 3.9 percent. Job gains in December were also revised much higher.
Politics Jan 26 WATCH: Federal Reserve plans to raise rates as soon as March to cool down inflation The Federal Reserve signaled Wednesday that it plans to begin raising its benchmark interest rate as soon as March, a key step in reversing its pandemic-era low-rate policies that have fueled hiring and growth but also escalated inflation.
Economy Jan 24 Federal Reserve expected to raise interest rates in fight against inflation With inflation punishing consumers and threatening the economy, the Federal Reserve will likely signal its intent this week to begin raising interest rates in March for the first time in three years.
Economy Jan 20 Federal Reserve report on digital currency centers on banks The Federal Reserve released a highly anticipated report on central bank digital currencies that suggested it is leaning toward having banks and other financial firms, rather than the Fed itself, manage digital accounts for customers.
Economy Jan 12 Inflation jumps 7 percent, the biggest increase since 1982, as Americans increase spending Prices paid by U.S. consumer jumped 7% in December from a year earlier, the highest inflation rate since 1982 and the latest evidence that rising costs for food, gas, rent and other necessities are heightening the financial pressures on America's…