Nation Jun 28 Price pressures easing further according to the Federal Reserve’s preferred inflation gauge The latest figures will likely be welcomed by the Fed’s policymakers, who have said they need to feel confident inflation is slowing sustainably toward their 2% target before they’d start cutting interest rates.
Nation Jun 27 U.S. automakers worried about threat of low-priced Chinese EVs made in Mexico America's auto industry has grown concerned that Chinese carmakers may be preparing to set up shop in Mexico to exploit North American trade rules.
Politics May 14 WATCH: Biden announces new tariffs on Chinese goods including electric vehicles, solar panels The Democratic president said that Chinese government subsidies ensure the nation's companies don’t have to turn a profit, giving them an unfair advantage in global trade.
Economy May 03 U.S. economy adds 175,000 jobs in April but sees a rise in unemployment The nation's employers pulled back on their hiring in April but still added a decent 175,000 jobs in a sign that persistently high interest rates may be starting to slow the robust U.S. job market.
Economy Apr 25 U.S. economic growth slows to 1.6 percent, sign that interest rates may be taking toll The gross domestic product — the economy's total output of goods and services — decelerated from its brisk 3.4% growth rate in the final three months of 2023. Consumers continued to drive growth last quarter but slowed their spending.
Economy Apr 16 IMF says outlook for world economy is brighter but still modest by historical standards The International Monetary Fund has upgraded its outlook for the global economy, saying the world appears headed for a "soft landing" — reining in inflation without much economic pain and producing steady if modest growth.
Economy Apr 12 How migrant workers have contributed to strong U.S. job growth It turns out that the influx of foreign-born adults vastly raised the supply of available workers at a time when a labor shortage had left many companies unable to fill jobs. Over the past year, in fact, immigrants have accounted…
Nation Apr 05 U.S. employers added 303,000 jobs in March in surprising show of economic strength America's employers delivered another outpouring of jobs in March, adding a sizzling 303,000 workers to their payrolls and bolstering hopes that the economy can vanquish inflation without succumbing to a recession in the face of high interest rates.
Politics Mar 29 Powell says the Federal Reserve wants to see ‘more good inflation readings’ before it can cut rates Forecasters had expected higher rates to send the United States tumbling into recession. Instead, the economy just kept growing — expanding at an annual rate of 2 percent or more for six straight quarters.
Politics Mar 08 WATCH: Biden speaks at campaign event in Philadelphia as reported 275,000 jobs added to economy President Joe Biden delivered a speech in Philadelphia as a new jobs report shows the economy added a surprising 275,000 jobs indicating a resilience in the face of high interest rates.