Economy Oct 11 Wholesale inflation in U.S. rose 2.2 percent in September, biggest year-over-year gain since April U.S. wholesale prices rose last month at the fastest pace since April, suggesting that inflationary pressures remain despite a year and a half of higher interest rates.
Economy Oct 10 IMF downgrades global economic growth outlook, cites Mideast war as new risk A series of previous shocks, including the pandemic and Russia’s war in Ukraine, has slashed worldwide economic output by about $3.7 trillion over the past three years compared with pre-COVID trends.
Politics Sep 28 Economy grows 2.1 percent estimates government, unchanged from previous projection The U.S. economy grew at a 2.1% annual pace from April through June, extending its sturdy performance in the face of higher interest rates, the government said Thursday, leaving its previous estimate unchanged.
Nation Sep 12 Google’s search dominance faces big antitrust challenge in landmark trial The Justice Department filed its antitrust lawsuit against Google nearly three years ago during the Trump administration, charging that the company has used its internet search dominance to gain an unfair advantage against competitors.
Economy Sep 01 Economy adds 187,000 jobs in August despite Federal Reserve’s high interest rates The nation's employers added a healthy 187,000 jobs in August in a sign of a still-resilient labor market despite the high interest rates the Federal Reserve has imposed.
Economy Aug 30 U.S. economic growth for last quarter revised down slighty to a 2.1 percent annual rate The Commerce Department's second estimate of growth last quarter marked a slight acceleration from a 2 percent annual growth rate from January through March.
Economy Aug 16 Inflation is down, but the Inflation Reduction Act likely doesn’t deserve the credit Price increases have indeed cooled over the past year, with the inflation rate dropping from 9 percent to 3.2 percent. But economists say little to none of the drop came from the law.
Economy Aug 10 U.S. inflation ticks up for the first time in a year to 3.2 percent rate, but core inflation remains low The July inflation figure remained far below last year's peak of 9.1 percent, though still above the Federal Reserve's 2 percent target.
Economy Aug 04 U.S. economy adds 187,000 new jobs, fewer than expected but unemployment down U.S. employers added 187,000 last month, fewer than expected, as the higher interest rates continued to weigh on the economy. But the unemployment rate dipped to 3.5% in a sign that the job market remains resilient.
Economy Jul 25 U.S. consumer confidence jumps to a two-year high as inflation eases The index measures both Americans' assessment of current economic conditions and their outlook for the next six months. Both improved in July.