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Federal Reserve’s preferred inflation gauge picked up last month in sign...

WASHINGTON (AP) – An inflation gauge favored by the Federal Reserve increased in January, the latest sign that the slowdown in U.S. consumer price...

U.S. inflation rises for the first time in a year to...

WASHINGTON (AP) – Inflation in the United States rose in July after 12 straight months of declines, boosted by costlier housing. But excluding volatile...

Inflation pressures put Powell in spotlight before Congress 

WASHINGTON (AP) – When Federal Reserve Chair Jerome Powell last appeared before Congress, in June 2022, inflation had reached a four-decade high of nearly...

U.S. inflation soared 7.9% in past year, a fresh 40-year high

WASHINGTON (AP) – Propelled by surging costs for gas, food and housing, consumer inflation jumped 7.9% over the past year, the sharpest spike since...

Can the Fed fix racial income and wealth gaps?

Central bankers and economists from around the world convened remotely for the annual Jackson Hole symposium on Aug. 27 to discuss the future of...

Report: Some credit unions poised to increase commercial lending

PROVIDENCE – Credit unions have been expanding their market share in recent years, and now some seem poised to increase commercial lending after a key...
ECONOMIC ACTIVITY in the First Distrcit, overseen by the Federal Reserve Bank of Boston, was said to have expanded at a moderate to strong rate since the last report in September. / COURTESY FEDERAL RESERVE

Beige Book: Economic activity continues to expand in New England

PROVIDENCE – In the Federal Reserve’s October Beige Book report, the Fed noted that economic activity expanded at a moderate to strong pace in...
IN AN ECONOMIC LETTER, an economic letter from the Federal Reserve Bank of San Francisco, economists Tim Mahedy and Daniel Wilson wrote that analysts may have overestimated the benefits of the Tax Cuts and Jobs Act of 2017. / BLOOMBERG FILE PHOTO/JULIA SCHMALZ

Growth benefits of U.S. tax cuts may be overestimated

NEW YORK - United States growth expectations may be too rosy as analysts overestimate how much tax cuts will boost the economy, according to...
THE AVERAGE SO-CALLED reservation wage of survey respondents declined to $58,000 last month. / BLOOMBERG FILE PHOTO/ANDREW HARRER

U.S. job-seekers willing to accept lower wages, Fed survey shows

NEW YORK - Job-seekers in the U.S. have in recent months reduced the amount of money they would need to be offered to accept...
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