Breaking News: Economy
- Finance
Fed Chief Powell says the disinflationary process has begun, but has a long way to go
Federal Reserve Chairman Jerome Powell said Tuesday that inflation is beginning to ease though he expects it to be a…
Read More » - News
Fed’s Neel Kashkari says central bank has not made enough progress, keeping his rate outlook
Minneapolis Federal Reserve President Neel Kashkari said Tuesday that explosive jobs growth in January is evidence that the central bank…
Read More » - U.S. News
Mortgage rates drop to the 5% range for the first time since September
Prospective buyers at an open house in Florida. Mike Stocker | South Florida Sun Sentinel | Tribune News Service |…
Read More » - U.S. News
Payrolls increased by 517,000 in January, crushing estimates, as unemployment rate hit 53-year low
The employment picture started off 2023 on a stunningly strong note, with nonfarm payrolls posting their biggest gain since July…
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Fed raises rates a quarter point, expects ‘ongoing’ increases
The Federal Reserve on Wednesday raised its benchmark interest rate by a quarter percentage point and gave little indication it…
Read More » - U.S. News
Private payroll growth slowed to 106,000 in January as weather hit hiring, ADP says
Job creation in the private sector plunged in January as weather-related issues sent workers to the sidelines, payroll processing firm…
Read More » - Europe
IMF hikes global growth forecast as inflation cools and household spending surprises
The IMF has revised its global economic outlook upwards. Norberto Duarte | Afp | Getty Images The International Monetary Fund…
Read More » - U.S. News
Key Fed inflation measure eased in December while consumer spending also declined
Egg shelves are seen with a note apologizing to customers for the price increase after the reduction in productivity brought…
Read More » - U.S. News
U.S. GDP rose 2.9% in the fourth quarter, more than expected even as recession fears loom
The U.S. economy finished 2022 in solid shape even as questions persist over whether growth will turn negative in the…
Read More » - U.S. News
Fed’s Lael Brainard among leading contenders for top White House economic post
Lael Brainard, vice chair of the US Federal Reserve, listens to a question during an interview in Washington, DC, US,…
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