Inflation hit a new 40-year high in February, according to the Federal Reserve’s preferred gauge, fueled…
Tag: US economy
US economic growth accelerated in the fourth quarter; corporate profits slow
Washington : The US economy grew strongly in the fourth quarter, the government confirmed on Wednesday,…
How quickly is the Fed tackling the challenge of raising interest rates?
The difficult part of Fed officials’ deliberations may be agreeing on how to signal the possibility…
Job openings near record as labor market emerges from Omicron disruptions
The Labor Department said Wednesday there were 11.3 million jobs in January, down slightly from last…
Powell says Fed on track to raise rates in two weeks
Federal Reserve Chairman Jerome Powell said it would be appropriate for the central bank to raise…
Fed official leaves door open for big rate hike in March
Federal Reserve Governor Michelle Bowman said on Monday whether the central bank should cap interest rate…
Unemployment claims rise in US, but remain low in tight labor market
Jobless claims rose last week, but remained historically low, indicating that the labor market is in…
Retail sales to show consumer appetite for spending amid high inflation
Economists polled by The Wall Street Journal expect the Commerce Department to report Wednesday that retail…
Inflation is everywhere, including places you might not expect
It’s adding to legal costs for the maker of Marlboro cigarettes, driving up bills for auto…
Jobless claims fall as labor market is overtaken by Omicron disruptions
New applications for unemployment benefits fell for the third straight week last week, reflecting a tight…