Tag: Jerome Powell
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...
U.S. wholesale inflation fell in July for 1st time in 2...
WASHINGTON (AP) – Prices at the wholesale level fell from June to July, the first month-to-month drop in more than two years and a...
A key U.S. inflation gauge reaches 6.8% as prices keep surging
WASHINGTON (AP) – An inflation gauge that is closely tracked by the Federal Reserve jumped 6.8% in June from a year ago, the biggest...
U.S. economy shrank 0.9% last quarter, its 2nd straight drop
WASHINGTON (AP) – The U.S. economy shrank from April through June for a second straight quarter, contracting at a 0.9% annual pace and raising...
Fed unleashes another big rate hike in bid to curb inflation
WASHINGTON (AP) – The Federal Reserve on Wednesday raised its benchmark interest rate by a hefty three-quarters of a point for a second straight...
U.S. inflation reached a new 40-year high in June of 9.1%
WASHINGTON (AP) – Surging prices for gas, food and rent catapulted U.S. inflation to a new four-decade peak in June, further pressuring households and...
U.S. employers add a solid 372K jobs
WASHINGTON (AP) – America's employers shrugged off high inflation and weakening growth to add 372,000 jobs in June, a surprisingly strong gain that will...
U.S. job openings slip, though remain at healthy level
WASHINGTON (AP) – U.S. employers advertised fewer jobs in May amid signs that the economy is weakening, though the overall demand for workers remained...
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. 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...
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