Tag: inflation
Businesses addressing future risks based on pandemic experience
Small-business owners in Rhode Island and across the country are reporting inflation and supply chain disruptions are impacting their businesses in big ways, according...
Is the Federal Reserve right to focus on taming inflation with...
The Federal Reserve on June 15 took its boldest step yet to tame runaway inflation by raising its key interest rate by three-quarters of...
Fed attacks inflation with its largest rate hike since 1994
WASHINGTON (AP) – The Federal Reserve on Wednesday intensified its drive to tame high inflation by raising its key interest rate by three-quarters of...
U.S. inflation hit a new 40-year high last month of 8.6%
WASHINGTON (AP) – The costs of gas, food and other necessities jumped in May, raising inflation to a new four-decade high and giving American...
U.S. added 390K jobs in May as hiring remained robust
WASHINGTON (AP) – U.S. employers added a healthy 390,000 jobs in May, extending a streak of solid hiring that has bolstered an economy under...
U.S. consumer confidence slips in May
SILVER SPRING, Md. (AP) – U.S. consumer confidence edged lower for the second consecutive month as Americans' view of their present and future prospects...
Key inflation gauge slowed to still-high 6.3% over past year
An inflation gauge closely tracked by the Federal Reserve rose 6.3% in April from a year earlier, just below a four-decade high set in...
Fewer Americans applied for jobless benefits last week
WASHINGTON (AP) – Fewer Americans applied for jobless aid last week with the number of Americans collecting unemployment benefits already near five-decade lows.
Applications for...
Final-hour rally yanks Wall Street from maw of bear market
NEW YORK (AP) - Wall Street rumbled to the edge of a bear market Friday after another drop for stocks briefly sent the S&P...
Senate confirms Powell for 2nd term as Fed fights inflation
WASHINGTON (AP) – The Senate on Thursday confirmed Jerome Powell for a second four-year term as Federal Reserve chairman, giving bipartisan backing to Powell's...
