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By Paul Solman, Courtney Norris, Tommy Walters
The Federal Reserve on Wednesday ramped up its efforts to fight inflation with a notable interest rate hike. Officials voted to raise rates by three-quarters of a point, a jump higher than expected just a week ago. Fed chair Jerome…
By Associated Press
One of the more reliable warning signals for an economic recession started blinking again. Treasurys, the IOUs the U.S. government gives to investors who lend it money are at the center of the investing world.
In our news wrap Friday, April's jobs report shows the U.S. gained 428,000 net jobs despite inflation, supply shortages and rising interest rates. Also, Republican Rep. Marjorie Taylor Greene will be allowed to seek reelection, the Irish nationalist party Sinn…
By Christopher Rugaber, Associated Press
Prices paid by U.S. consumer jumped 7% in December from a year earlier, the highest inflation rate since 1982 and the latest evidence that rising costs for food, gas, rent and other necessities are heightening the financial pressures on America's…
By Courtney Vinopal
Many Americans going back to work have been deeply changed by the pandemic, and some say the crisis has prompted them to rethink their careers, either by necessity or opportunity.
By Martin Crutsinger, Associated Press
The administration on Friday also announced changes in the rental assistance program aimed at addressing criticism that the emergency support has not reached many renters who need the help. The additional aid is included in the $1.9 trillion relief package…
By Martin Crutsinger, Paul Wiseman, Associated Press
Powered by consumers and fueled by government aid, the U.S. economy is achieving a remarkably fast recovery from the recession that ripped through the nation last year on the heels of the coronavirus and cost tens of millions of Americans…
By Paul Wiseman, Associated Press
The number of Americans applying for unemployment benefits edged higher last week to 745,000, a sign that many employers continue to cut jobs despite a drop in confirmed viral infections and evidence that the overall economy is improving.
Federal Reserve Chair Jerome Powell underscored the U.S. economy's ongoing weakness Tuesday in remarks that suggested that the Fed sees no need to alter its ultra-low interest rate policies anytime soon.
By Frances D'Emilio, Associated Press
Draghi and his 23 Cabinet ministers took their oaths of office at the Quirinal presidential palace. Italian President Sergio Mattarella had tasked the former European Central Bank president with trying to form a government up to managing the the health,…
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