Oct 07 WATCH: President Biden praises U.S. jobs data, but seeks ‘stable growth’ By Associated Press President Joe Biden hailed new job numbers Friday, saying the slowdown in job growth shows the United States is transitioning to "more stable growth," although he warns that there is "still a lot of work" to be done. Continue reading
Oct 07 Solid U.S. hiring in September could mean more big Fed hikes By Paul Wiseman, Associated Press 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… Continue reading
Oct 04 U.S. job openings fell in August, potentially calming inflation By Christopher Rugaber, Associated Press The number of available jobs in the U.S. plummeted in August compared with July, a sign that businesses may pull back further on hiring and potentially cool chronically high inflation. Continue reading
Oct 03 Wall Street soars to best day since summer By Damian J. Troise, Stan Choe, Associated Press The S&P 500 rose 2.6 percent Monday, the latest swing for a scattershot market that's been mostly falling this year on worries about a possible global recession. Continue reading
Sep 22 Federal Reserve Chair Jerome Powell says inflation fight may cause a recession By Christopher Rugaber, Associated Press The Federal Reserve delivered its bluntest reckoning Wednesday of what it will take to finally tame painfully high inflation: Slower growth, higher unemployment and potentially a recession. Continue reading
Sep 21 WATCH: Fed raises key interest rate by three-quarters of a point By Christopher Rugaber, Associated Press The Fed’s move boosted its benchmark short-term rate, which affects many consumer and business loans, to a range of 3 percent to 3.25 percent, the highest level since early 2008. Continue reading
Sep 19 Interest rates likely to increase as Fed signals more hikes ahead By Christopher Rugaber, Associated Press Federal Reserve Chair Jerome Powell bluntly warned in a speech last month that the Fed's drive to curb inflation by aggressively raising interest rates would "bring some pain."… Continue reading
Sep 16 Treasury recommends exploring creation of a digital dollar by central bank By Fatima Hussein, Associated Press The Biden administration is moving one step closer to developing a central bank digital currency, known as the digital dollar. Continue reading
Sep 13 U.S. inflation ticks down slightly, but stays stubbornly high By Christopher Rugaber, Associated Press Sharply lower prices for gas and cheaper used cars slowed U.S. inflation in August for a second straight month, though many other items rose in price, indicating that inflation remains a heavy burden for American households. Continue reading
Aug 30 Job openings rose in July, dashing Federal Reserve hopes for cooling By Christopher Rugaber, Associated Press The number of open jobs in the United States rose in July after three months of declines, a sign that employers are still urgently seeking workers despite slowing economic growth and high inflation. Continue reading