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.
Nation Mar 08 In sign of continued economic strength, US employers add a surprisingly strong 275,000 jobs Last month’s job growth marked an increase from a revised gain of 229,000 jobs in January. At the same time, the unemployment rate ticked up two-tenths of a point in February to a still-low 3.9%.
Economy Feb 07 Mexico overtakes China as the leading source of goods imported to U.S. The shift reflects the growing tensions between Washington and Beijing as well as U.S. efforts to import from countries that are friendlier and closer to home.
Economy Feb 02 January hiring gains surprisingly robust The nation’s employers delivered a stunning burst of hiring to begin 2024, adding 353,000 jobs in January in the latest sign of the economy’s continuing ability to shrug off the highest interest rates in two decades.
Economy Jan 25 U.S. economy surprises with strong 3.3% growth in last quarter The gross domestic product decelerated from its sizzling 4.9% growth rate the previous quarter.
Economy Jan 12 Wholesale inflation in U.S. declined last month, signaling that price pressures are still easing Friday's wholesale figures, which were all lower than economists had expected, reinforced the view that U.S. inflation pressures are slowing, if not always consistently.
Economy Jan 11 Energy and housing prices nudged U.S. inflation up, but many other costs rose only mildly The persistence of still-elevated inflation helps explain why, despite steady economic growth, low unemployment and healthy hiring, polls show many Americans are dissatisfied with the economy.
Economy Jan 09 Global economy will slow for a third straight year in 2024, World Bank predicts Heightened global tensions, arising particularly from Israel's war with Hamas and the conflict in Ukraine, pose the risk of even weaker growth.
Economy Jan 05 Labor report indicates U.S. job market’s resilience amid high interest rates Hiring remains steady, and while employers are posting fewer openings, they are not laying off many workers. Despite the low unemployment and cooling inflation, polls show that many Americans are dissatisfied with the economy.