Tag: U.S. economy
U.S. revises down last quarter’s economic growth to 2.6% rate
WASHINGTON (AP) – The U.S. economy maintained its resilience from October through December despite rising interest rates, growing at a 2.6% annual pace, the...
Fed raises key rate by quarter-point despite bank turmoil
WASHINGTON (AP) – The Federal Reserve extended its yearlong fight against high inflation Wednesday by raising its key interest rate a quarter-point despite concerns...
U.S. adds a robust 311,000 jobs despite Fed’s rate hikes
WASHINGTON (AP) – America's employers added a substantial 311,000 jobs in February, fewer than January's huge gain but enough to keep pressure on the...
Inflation pressures put Powell in spotlight before Congress
WASHINGTON (AP) – When Federal Reserve Chair Jerome Powell last appeared before Congress, in June 2022, inflation had reached a four-decade high of nearly...
2023 U.S. recession now expected to start later than predicted
WASHINGTON (AP) – A majority of the nation's business economists expect a U.S. recession to begin later this year than they had previously forecast,...
U.S. revises down last quarter’s economic growth to 2.7% rate
WASHINGTON (AP) – The U.S. economy expanded at a 2.7% annual rate from October through December, a solid showing despite rising interest rates and...
U.S. inflation slows to 6.4%, but price pressures reemerge
WASHINGTON (AP) – The pace of consumer price increases eased again in January, the latest sign that the high inflation that has gripped Americans...
U.S. economy slowed but still grew at 2.9% rate last quarter
WASHINGTON (AP) – The U.S. economy expanded at a 2.9% annual pace from October through December, ending 2022 with momentum despite the pressure of...
U.S. jobless claim applications fall to lowest in 14 weeks
WASHINGTON (AP) – The number of Americans applying for jobless benefits fell to the lowest level in more than three months last week, reflecting...
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...
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