Tag: Federal Reserve
U.S. adds a robust 311,000 jobs despite Fed’s rate hikes
WASHINGTON (AP) – America's employers added a substantial 311,000 jobs in February, fewer than January's huge gain but enough to keep pressure on the...
Applications for U.S. jobless aid rise by most in 5 months
NEW YORK (AP) – The number of Americans applying for unemployment benefits last week jumped by the most in five months, but layoffs remain...
Powell signals increased rate hikes if economy stays strong
WASHINGTON (AP) – The Federal Reserve could increase the size of its interest rate hikes and raise borrowing costs to higher levels than previously...
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...
Key U.S. inflation measure surges at fastest rate since June
WASHINGTON (AP) – The Federal Reserve's preferred inflation gauge rose last month at its fastest pace since June, an alarming sign that price pressures...
U.S. revises down last quarter’s economic growth to 2.7% rate
WASHINGTON (AP) – The U.S. economy expanded at a 2.7% annual rate from October through December, a solid showing despite rising interest rates and...
Fed’s Barkin: ‘Slow progress’ on inflation, sees more hikes
WASHINGTON (AP) – A top Federal Reserve official downplayed recent signs that the economy is strengthening, but also said he is prepared to keep...
Retail sales jump as Americans defy inflation and rate hikes
WASHINGTON (AP) – America's consumers rebounded last month from a weak holiday shopping season by boosting their spending at stores and restaurants at the...
U.S. inflation slows to 6.4%, but price pressures reemerge
WASHINGTON (AP) – The pace of consumer price increases eased again in January, the latest sign that the high inflation that has gripped Americans...
Applications for jobless aid rise last week, but remain low
More Americans filed for jobless benefits last week, but layoffs remain historically low despite attempts by the Federal Reserve to cool the economy, and...
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