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.
World Jan 31 IMF increases expected growth for the global economy in 2023 The IMF, a 190-country lending organization, foresees inflation easing this year, a result of aggressive interest rate hikes by the Federal Reserve and other major central banks.
Politics Jan 26 WATCH: Biden says U.S. needs to protect economic gains as report shows 2.9 percent growth "The news couldn’t have been any better,” President Joe Biden said of Thursday's GDP report.
Economy Jan 26 U.S. economy expanded 2.9% last quarter in face of interest rates and recession fears The U.S. economy expanded at a 2.9% annual pace from October through December, ending 2022 with momentum despite the pressure of high interest rates and widespread fears of a looming recession.
Economy Dec 23 Commerce Department inflation gauge shows price increases slowing to 5.5 percent A measure of inflation closely watched by the Federal Reserve slowed last month, another sign that a long surge in consumer prices seems to be easing.
Economy Dec 22 U.S. economy beat early estimate, grew 3.2 percent in 3rd quarter Shrugging off rampant inflation and rising interest rates, the U.S. economy grew at an unexpectedly strong 3.2 percent annual pace from July through September, the government reported Thursday in a healthy upgrade from its earlier estimate of third-quarter growth.
Nation Dec 16 Fed plans to keep rates high as US recession still a growing a fear On Thursday, stock investors were spooked by the growing understanding of how much further the Fed seems willing to go to defeat high inflation.
Economy Nov 30 U.S. economy grew 2.9 percent last quarter slightly beating expectations, revised data says Last quarter’s rise in the U.S. gross domestic product, or the economy’s total output of goods and services, followed two straight quarters of contraction…