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.
Economy Nov 29 U.S. economic growth for last quarter is revised up to a 5.2 percent annual rate Shrugging off higher interest rates, America's consumers spent enough to help drive the economy to a brisk 5.2 percent annual pace from July through September, the government said in an upgrade from its previous estimate.
Economy Nov 03 Labor marker remains resilient despite slower job growth last month Last month’s job growth, though down sharply from a robust 297,000 gain in September, was solid enough to suggest that many companies still want to hire and that the economy remains sturdy.
Economy Oct 11 Wholesale inflation in U.S. rose 2.2 percent in September, biggest year-over-year gain since April U.S. wholesale prices rose last month at the fastest pace since April, suggesting that inflationary pressures remain despite a year and a half of higher interest rates.
Economy Oct 10 IMF downgrades global economic growth outlook, cites Mideast war as new risk A series of previous shocks, including the pandemic and Russia’s war in Ukraine, has slashed worldwide economic output by about $3.7 trillion over the past three years compared with pre-COVID trends.
Politics Sep 28 Economy grows 2.1 percent estimates government, unchanged from previous projection The U.S. economy grew at a 2.1% annual pace from April through June, extending its sturdy performance in the face of higher interest rates, the government said Thursday, leaving its previous estimate unchanged.