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.
Economy Oct 09 WATCH: 2008 recession-era Fed Chair Bernanke and 2 other economists share Nobel Prize Douglas W. Diamond, Philip H. Dybvig and former U.S. Federal Reserve Chair Ben Bernanke were recognized Monday for their research into the fallout from bank failures.
Economy Oct 07 Solid U.S. hiring in September could mean more big Fed hikes America's employers slowed their hiring in September but still added 263,000 jobs, a solid figure that will likely keep the Federal Reserve on pace to keep raising interest rates aggressively to fight persistently high inflation. Hiring fell from 315,000 in…
Economy Aug 26 Inflation eased in July as consumer prices and income rose Inflation eased last month as energy prices tumbled, according to a report closely watched by the Federal Reserve.
Economy Aug 17 July retail sales were flat, as customers weather inflation The pace of sales at U.S. retailers was unchanged last month as persistently high inflation and rising interest rates forced many households to spend more cautiously.