Breaking News: Economy
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Producer prices climb 6.6% in May on annual basis, largest 12-month increase on record
Producer prices rose at their fastest annual clip in nearly 11 years in May as inflation continued to build in…
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Paul Tudor Jones says the Fed’s credibility is at risk with inflation view
The Federal Reserve is risking its credibility by keeping policy so loose and allowing inflation to grow in a way…
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Consumer prices jump 5% in May, fastest pace since the summer of 2008
Consumer prices for May accelerated at their fastest pace in nearly 13 years as inflation pressures continued to build in…
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U.S. trade deficit narrows slightly from record levels as Covid-era demand for imports lets up
The CMA CGM Marco Polo, an Explorer class container ship crosses under the Verrazzano-Narrows Bridge, to enter New York Harbor…
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Fed’s Mester lauds jobs report but says it’s not enough to change policy
May’s job gains were “solid” but not enough to change the direction of monetary policy, Cleveland Fed President Loretta Mester…
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Job creation accelerated in May but is still below lofty expectations
Job creation disappointed again in May, with nonfarm payrolls up what normally would be considered a solid 559,000 but still…
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Powell says climate change is not a main factor in the Fed’s policy decisions
Federal Reserve Chairman Jerome Powell Kevin Lamarque | Reuters Federal Reserve Chairman Jerome Powell said Friday that climate change is…
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Companies hired nearly a million new workers in May, ADP says
Private job growth for May accelerated at its fastest pace in nearly a year as companies hired 978,000 workers, according…
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Jobless claims fall below 400,000 for the first time since the early days of the pandemic
Initial jobless claims fell below 400,000 for the first time since the early days of the Covid-19 pandemic, the Labor…
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A key U.S. inflation gauge rose 3.1% year over year, higher than expected
A key inflation indicator rose 3.1% in April, faster than expected, as price pressures built in the rapidly expanding U.S.…
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