World May 22 Here’s what would happen to the global economy if the U.S. defaults on its debt If the debt crisis roiling Washington were eventually to send the U.S. crashing into recession, America's economy would hardly sink alone. The repercussions of a first-ever default on the federal debt would quickly reverberate around the world.
Economy May 05 U.S. adds over a quarter million jobs despite Fed’s rate hikes America’s employers added a robust 253,000 jobs in April, evidence of a labor market that still shows surprising strength despite rising interest rates, chronically high inflation and a banking crisis that could weaken the economy.
Economy May 02 U.S. job openings dip to 9.6 million as interest rates cool labor market U.S. job openings fell in March to the lowest level in nearly two years, a sign that the American labor market is cooling in the face of higher interest rates.
Economy Apr 11 WATCH: Yellen holds news conference during worrying IMF-World Bank spring meetings U.S. Treasury Secretary Janet Yellen held a news conference Tuesday as the outlook for the world economy has dimmed in the face of chronically high inflation, rising interest rates and uncertainties resulting from the collapse of two big American banks.
Economy Apr 07 Employers added 236,000 jobs in March, marking solid growth in labor market Friday’s government report suggested that the economy and the job market remain on solid footing despite nine rate hikes imposed over the past year by the Fed.
Economy Mar 31 This key inflation measure slowed sharply in February It's an encouraging sign in the Fed's yearlong effort to cool price pressures through steadily higher interest rates.
Economy Mar 22 Americans’ faith in banks hit low after failures, says AP-NORC poll Only 10 percent of U.S. adults say they have significant confidence in the nation's banks and financial institutions, a new poll finds. That is down from the 22 percent who said they had high confidence in banks in 2020.
Economy Feb 24 Inflation gauge ticks up in January, Federal Reserve says The report also showed that consumer spending rose 1.8% last month from December after falling the previous month.
Economy Feb 15 Global economy shows resilience, pain 1 year since the start of Ukraine war One year after Russia invaded Ukraine, the global economy is still enduring the consequences — crunched supplies of grain, fertilizer and energy along with more inflation and economic uncertainty in a world already contending with too much of both.
Economy Feb 03 U.S. sees unexpected surge in hiring with 517,000 jobs added in January despite Fed hikes America's employers added a stunning 517,000 jobs in January, a surprisingly strong gain in the face of the Federal Reserve's aggressive drive to slow growth and tame inflation with higher interest rates.