Federal Reserve Vice Chair Lael Brainard said Thursday that it’s unlikely the central bank will be…
Tag: Breaking News: Economy
Payrolls rose 390,000 in May, better than expected as companies keep hiring
The U.S. economy added 390,000 jobs in May, better than expected despite fears of an economic…
Fed’s Mester says half-point rate hikes are needed to fight inflation
Cleveland Federal Reserve President Loretta Mester said Friday that she doesn’t see ample evidence that inflation…
Fed GDP tracker shows the economy could be on the brink of a recession
Federal Reserve Chairman Jerome Powell testifies during the House Financial Services Committee hearing titled Monetary Policy…
Mortgage demand falls to the lowest level in 22 years
Mortgage rates are back on the upswing, after a brief decline in May, and the housing…
Claims hit 229,000, the highest level since January
A man walks past a “We’re Hiring” sign posted in Arlington, Virginia on June 3, 2022.…
Bringing inflation down is going to take time, patience — and pain
Products are seen in a supermarket, in Los Angeles, California, May 27, 2022. Lucy Nicholson |…
Consumer price index May 2022:
Inflation accelerated further in May, with prices rising 8.6% from a year ago for the fastest…
Inflation, consumer woe add to worries that recession is already here
Trays of beef are for sale in the meat section of a supermarket in McLean, Virginia,…
Fed likely to hike rates by three-quarters of a point this week
Markets are beginning to anticipate an even faster pace of interest rate hikes, and Federal Reserve…