Economy Oct 30 Why the last jobs report before the election will be one of the most distorted in years Just as voters, politicians and Federal Reserve officials are looking for a clear read on the economy, they instead will get a muddied one.
Economy Oct 18 Driving retail spending, wealthier Americans are powering U.S. economy One key reason is a relatively simple one: Wealthier consumers, boosted by strong gains in income, home equity and stock market wealth, have increasingly driven the spending.
Politics Oct 10 U.S. inflation drops to lowest point in 3 years at 2.4 percent, some price pressures remain Consumer prices rose just 2.4% in September from a year earlier, down from 2.5% in August and the smallest annual rise since February 2021.
Economy Sep 27 Fed’s favored inflation gauge shows cooling price pressures, clearing way for more rate cuts The cooling of inflation might be helping to erode former President Donald Trump’s polling advantage on the economy.
Economy Sep 18 WATCH: Federal Reserve Chair Powell speaks after Fed announces interest rate cut The unusually large half-point rate cut, the Fed’s first in more than four years, reflects its new focus on bolstering the job market, which has shown clear signs of slowing.
Economy Sep 10 Inflation-adjusted incomes hit pre-pandemic levels in 2023, offsetting some inflation pressure The proportion of Americans living in poverty also fell slightly last year, to 11.1 percent, from 11.5 percent in 2022.
Economy Sep 06 U.S. hiring rebounded slightly last month, showing cooling but steady job market Collectively, Friday's figures depict a job market slowing under the pressure of high interest rates but still growing.
Economy Sep 04 Labor report paints mixed picture, showing U.S. job openings fell in July while hiring rose Wednesday's figures indicate that fewer companies are seeking to add workers despite recent data showing that consumer spending is still growing.
Politics Aug 23 ‘The time has come’ for the Federal Reserve to soon begin reducing interest rates, Powell says Powell did not say when rate cuts would begin or how large they might be, but the Fed is widely expected to announce a modest quarter-point cut in its benchmark rate when it meets in mid-September.
Economy Aug 21 Most Federal Reserve officials favor rate cut in September if inflation cools, minutes reveal The minutes of the Fed's July 30-31 meeting indicate that the "vast majority" of policymakers "observed that, if the data continued to come in about as expected, it would likely be appropriate to ease policy at the next meeting."…