Tag: Jerome Powell
U.S. inflation slowed sharply to 7.1% over past 12 months
WASHINGTON (AP) – Inflation in the United States slowed again last month in the latest sign that price increases are gradually cooling despite the...
Wholesale inflation in U.S. further slowed in November to 7.4%
WASHINGTON (AP) – Wholesale prices in the United States rose 7.4% in November from a year earlier, a fifth straight slowdown and a hopeful...
U.S. jobless claims up modestly last week
WASHINGTON (AP) – Slightly more Americans filed for jobless claims last week but the labor market remains one of strongest parts of the U.S....
Biden sees economy avoiding recession, but risks remain
WASHINGTON (AP) – President Joe Biden assured Americans on Friday that the U.S. economy is chugging along in the holiday season, but the very...
U.S. hiring stayed strong in November as employers add 263K jobs
WASHINGTON (AP) – The nation's employers kept hiring briskly in November despite high inflation and a slow-growing economy — a sign of resilience in...
An inflation gauge tracked by the Fed slows to still-high 6%
WASHINGTON (AP) – A measure of inflation that is closely monitored by the Federal Reserve eased but remained at an elevated level in October,...
U.S. job openings fell in October to still-high level
WASHINGTON (AP) – U.S. job openings dropped in October but remained high, a sign that businesses became slightly less needy for workers as the...
U.S. revises last quarter’s economic growth up to 2.9%
WASHINGTON (AP) – Despite high interest rates and chronic inflation, the U.S. economy grew at a 2.9% annual rate from July through September, the...
Fed’s Kashkari: Jobs report shows why more rate hikes needed
WASHINGTON (AP) – The solid U.S. jobs report for October underscores why the Federal Reserve needs to raise interest rates higher than it had previously...
U.S. employers keep hiring at solid pace, adding 261,000 jobs
WASHINGTON (AP) – America's employers kept hiring briskly in October, adding a substantial 261,000 positions, a sign that as Election Day nears, the economy...
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