Economy Jun 15 Federal Reserve implements highest interest rate hike in decades to combat inflation By Paul Solman, Courtney Norris, Tommy Walters
Economy Jun 13 Watch 6:02 Markets plunge amid fears of sharply higher interest rates Wall Street has gone into meltdown mode over inflation fears and the possibility that higher interest rates are imminent. The Dow Jones Industrial Average, NASDAQ and the S&P 500 all fell significantly. It is now officially a bear market, down…
Economy Sep 30 WATCH: Treasury Secretary Yellen and Fed Chair Powell testify on pandemic recovery Treasury Secretary Janet Yellen and Fed Chair Jerome Powell are expected to testify before the House Committee on Financial Services on Thursday about the pandemic recovery. By News Desk and Christopher Rugaber, Associated Press
Economy Jan 10 Watch 8:05 Evaluating Trump’s economic policies, 2 years in How have Trump’s economic policies fared during the first two years of his term? Paul Solman sits down with the president’s top economic adviser, Kevin Hassett, to discuss recent stock market volatility, the Federal Reserve, tariffs, trade and whether the… By Paul Solman
Economy Jan 04 Watch 5:28 December job creation, wage growth provide a burst of good economic news More than 300,000 jobs were created in December, doubling what was expected and signaling that the U.S. economy remains stable despite the recent market volatility and political tensions. In addition, wage growth was the highest it’s been in a decade.
Sep 26 Citing strong economy, Fed raises rates for third time this year By Martin Crutsinger, Associated Press Many economists worry, though, that Trump's combative trade policies could slow the economy. Continue reading
Jun 03 Watch 4:49 Why hiring is at five-year low and the economy is stalling By PBS NewsHour According to a new report from the Labor Department, U.S. hiring fell to a five year low in May, with just 38,000 new jobs. Even if those numbers are off, the last quarter shows a similarly disturbing trend: 115,000 jobs… Continue watching
Jun 24 Fed Keeps Key Rate at Record Low By PBS NewsHour The Federal Reserve said Wednesday that the recession is easing, but that the U.S. economy likely will remain fragile and limit the threat of inflation. Continue reading