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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...

How concerned are you that ongoing stock market volatility punctuated by...

After several down sessions the Dow Jones industrial average closed up 932 points, or 2.8%, on May 4. The S&P 500 jumped 3% and...

Fed raises key rate by a half-point in bid to tame...

WASHINGTON (AP) – The Federal Reserve intensified its fight against the worst inflation in 40 years by raising its benchmark short-term interest rate by...

U.S. economy shrank by 1.4% in Q1 but consumers kept spending

WASHINGTON (AP) – The U.S. economy shrank last quarter for the first time since the pandemic recession struck two years ago, contracting at a...

Why Fed worries about the strongest U.S. job market in decades 

Chair Jerome Powell isn't as pleased with the robust U.S. job market as you might think he'd be, and he and the Federal Reserve...

Fed begins inflation fight with key rate hike, more to come

WASHINGTON (AP) — The Federal Reserve launched a high-risk effort Wednesday to tame the worst inflation since the early 1980s, raising its benchmark short-term...

U.S. job openings at near record, adding to price pressures

WASHINGTON (AP) – U.S. businesses posted a near-record level of open jobs in January, a trend that has helped push up worker's pay and...

U.S. added 678,000 jobs in February in sign of economic health

WASHINGTON (AP) – U.S. employers added a robust 678,000 jobs in February, another gain that underscored the economy's solid health as the omicron wave...

Oil prices surge above $100 a barrel as war on Ukraine...

NEW YORK (AP) – Oil prices soared Tuesday and investors shifted more money out of stocks and into ultra-safe U.S. government bonds as Russia stepped...

U.S. inflation jumped 7.5% in the past year, a 40-year high

WASHINGTON (AP) – Inflation soared over the past year at its highest rate in four decades, hammering America's consumers, wiping out pay raises and...

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