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…
Economy Nov 23 U.S. unemployment claims reach highest point since August, remain relatively low The number of Americans applying for unemployment benefits rose to the highest level since August but still remained low by historic standards.
Nation Nov 10 Price increases slow as U.S. consumer inflation eases to 7.7 percent Price increases moderated in the United States last month in the latest sign that the inflation pressures that have gripped the nation might be easing as the economy slows and consumers grow more cautious.
Economy Oct 27 U.S. economy snaps contraction streak with 2.6 percent growth last quarter The U.S. economy grew at a 2.6% annual rate from July through September, snapping two straight quarters of economic contraction and overcoming punishingly high inflation and interest rates.