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Remembering former Fed chair and economic giant Paul Volcker
Paul Volcker, who served as chair of the Federal Reserve for two presidents, died Monday. His passing came 40 years after he drove interest rates to record highs in an effort to tame double-digit inflation. Known for his height and…
U.S. consumer spending spikes 0.9 percent in March
The March gain was the biggest monthly increase since August 2009, the Commerce Department reported.
Why February’s weak jobs gains might not tell the whole story
The U.S. economy added 20,000 jobs in February -- a number far below expectations. Unemployment dropped to 3.8 percent.
Why slower hiring in November isn’t necessarily a bad thing
The U.S. economy added 155,000 jobs in November and the unemployment rate held steady at 3.7 percent.
Average hourly wages rose 3.1 percent, the unemployment rate held steady at 3.7 percent, and the economy added 250,000 jobs in October.
The unemployment rate dropped to 3.7 percent in September, the lowest since the Vietnam War. The economy added 134,00 jobs, fewer than expected because of losses from Hurricane Florence.
The government adjusts Social Security benefits each year based on inflation rates, but that increase has not kept up with the rising cost of medical care and other expenses.
The economy added 201,000 jobs in August, and the national unemployment rate remained at 3.9 percent.
In an effort to curb soaring inflation in Venezuela, President Nicolas Maduro shaved five zeros off the value of the bolivar. Is it enough? We asked several analysts to explain.
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