Tag: Federal Reserve
How much ‘pain’? Fed to signal more rate hikes ahead
WASHINGTON (AP) – Federal Reserve Chair Jerome Powell bluntly warned in a speech last month that the Fed's drive to curb inflation by aggressively...
U.S. wholesale inflation declines in August to still-high 8.7%
WASHINGTON (AP) – Inflation at the wholesale level jumped 8.7% in August from a year earlier, a slowdown from July yet still a painfully...
Markets shudder on dashed inflation hopes; Dow falls 1,250
NEW YORK (AP) — Stocks tumbled to their worst day in more than two years Tuesday, knocking the Dow Jones Industrial Average down more...
U.S. inflation falls for 2nd straight month on lower gas costs
WASHINGTON (AP) – Sharply lower prices for gas and cheaper used cars slowed U.S. inflation in August for a second straight month, though many...
U.S. hiring slowed in August as employers add 315,000 jobs
WASHINGTON (AP) – America's employers slowed their hiring in August in the face of rising interest rates, high inflation and sluggish consumer spending, all...
Fewer Americans file for jobless benefits last week
WASHINGTON (AP) – Fewer Americans filed for unemployment benefits last week as the labor market continues to shine despite weakening elements of the U.S....
Job vacancies rose in July, dashing Fed hopes for cooling
WASHINGTON (AP) – The number of open jobs in the United States rose in July after three months of declines, a sign that employers...
Dow drops 1,008 after Fed’s Powell says rates will stay high
NEW YORK (AP) – The Dow Jones Industrial Average sank more than 1,000 points Friday after the head of the Federal Reserve dashed Wall...
Inflation eases as consumer prices rise 6.3% in July
WASHINGTON (AP) – Inflation eased last month as energy prices tumbled, raising hopes that a surge in prices increases may have peaked.
According to Commerce...
Government revision shows economy shrank 0.6% last quarter
WASHINGTON (AP) – The U.S. economy shrank at a 0.6% annual rate from April through June, the government said Thursday in a slight upgrade...
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