Tag: interest rates
U.S. added just 114K jobs in July, unemployment rate hits 4.3%
WASHINGTON (AP) – U.S. hiring decelerated sharply last month in the face of high interest rates as employers added an unexpectedly weak 114,000 jobs.
Friday's Labor...
Federal Reserve keeps interest rates steady, for now
WASHINGTON (AP) – The Federal Reserve said Wednesday that greater progress has been made in reducing inflation to its 2% target, a sign that...
American consumers feeling more confident in July as expectations of future...
American consumers felt more confident in July as expectations over the near-term future rebounded. However, in a reversal of recent trends, feelings about current...
Federal Reserve is edging closer to cutting rates. The question will...
WASHINGTON (AP) – Two years after launching an aggressive fight against inflation and one year after leaving its benchmark interest rate at a near-quarter-century...
Fed’s preferred inflation gauge cools, adding to likelihood of a September...
WASHINGTON (AP) – The Federal Reserve's favored inflation measure remained low last month, bolstering evidence that price pressures are steadily cooling and setting the...
Bank of America Q2 profits drop as higher interest rates slow...
NEW YORK (AP) – Bank of America Corp. said its profits fell in the second quarter, as higher interest rates ate into BofA's expenses,...
Powell: Federal Reserve more confident inflation is slowing to its target
WASHINGTON (AP) – Chairman Jerome Powell said Monday that the Federal Reserve is becoming more convinced that inflation is headed back to its 2%...
Fed’s Powell highlights slowing job market in signal that rate cuts...
WASHINGTON (AP) – The Federal Reserve faces a cooling job market as well as persistently high prices, Chair Jerome Powell said in testimony Tuesday,...
U.S. employers added a solid 206K jobs in June
WASHINGTON (AP) – America's employers delivered another healthy month of hiring in June, adding 206,000 jobs and once again displaying the U.S. economy's ability...
Federal Reserve’s preferred inflation gauge shows price pressures easing further
WASHINGTON (AP) – A measure of prices that is closely tracked by the Federal Reserve suggests that inflation pressures in the U.S. economy are...
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