Tag: Inflation
-
What the Fed rate cut will mean for your finances
The Federal Reserve has cut its benchmark interest rate for the first time in nine months
-
The Fed faces economic uncertainty and political pressure as it decides whether to cut rates
The Federal Reserve is facing economic uncertainty and political pressure as it meets this week to decide whether to cut interest rates
-
Retail sales up 0.6% in August from July even as tariffs hurt jobs and lead to price hikes
Shoppers increased their spending at a better-than-expected pace in August from July, helped by back-to-school shopping, even as President Donald Trump’s tariffs are starting to hurt the job market and lead to price increases
-
Wall Street coasts to the finish of its best week in the last 5
Wall Street coasted to the finish of its best week in the last five
-
Wall Street rallies as a cut to interest rates next week looks more certain
Wall Street rolled to more records after mixed data on the economy cemented expectations for coming cuts to interest rates
-
Rising inflation and a deteriorating job market puts the Fed and Americans in a difficult spot
Inflation rose last month as the price of gas, groceries, and airfares jumped, while a measure of layoffs also increased, putting the Federal Reserve in a tough spot as it prepares to cut rates at its meeting next week despite persistent price pressures
-
European Central Bank leaves rates unchanged as economy weathers Trump’s tariffs
The European Central Bank is leaving interest rates unchanged with inflation back under control and the economy iTrump’s tariff onslaught better than expected
-
The number of Americans filing for jobless benefits last week hits 263,000, most in nearly 4 years
In another grim sign for the U.S. labor market, jobless claim applications jumped to their highest level in almost four years last week, virtually assuring the Federal Reserve will cut its benchmark interest rate next week
-
US stocks inch to more records as inflation slows and Oracle soars
Wall Street inched higher to set more records
-
Labor Department watchdog to audit jobs and inflation reports from embattled BLS
A government watchdog says it will review how a Labor Department agency compiles and reports some of the nation’s highest profile economic data, just two days after the agency made a sharp downward revision in its estimate of the number of jobs