Tag: inflation
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...
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...
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...
U.S. adds a surprisingly strong 517,000 jobs despite Fed hikes
WASHINGTON (AP) – America's employers added a stunning 517,000 jobs in January, a surprisingly strong gain in the face of the Federal Reserve's aggressive...
It’s not if but when on recession, so get ready
Inflation and a looming recession have weighed heavily on local business owners and state leaders for months. And with good reason, as this week’s...
U.S. wage growth slowed in the final quarter of 2022
WASHINGTON (AP) – Pay and benefits for America's workers grew at a healthy but more gradual pace in the final three months of 2022,...
PBN’s 2023 Economic Trends Summit slated for Jan. 26
PROVIDENCE – Inflation, labor shortages, a looming recession and a host of other issues affecting Rhode Island's economy will be discussed during Providence Business...
December retail sales fall 1.1% as inflation takes a toll
NEW YORK (AP) – Americans cut back on spending in December, the second consecutive month they've done so, underscoring how inflation and the rising...
U.S. consumer inflation eased again to 6.5% in December
WASHINGTON (AP) – Rising U.S. consumer prices moderated again last month, bolstering hopes that inflation's grip on the economy will continue to ease this...
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