Breaking News: Economy
- Business
Consumer prices rose 8.5% in July, less than expected as inflation pressures ease a bit
Prices that consumers pay for a variety of goods and services rose 8.5% in July from a year ago, a…
Read More » - Business
Payrolls increased 528,000 in July, much better than expected in a sign of strength for jobs market
Hiring in July was far better than expected, defying signs that the economic recovery is losing steam, the Bureau of…
Read More » - Business
Fed’s James Bullard expresses confidence that the economy can achieve a ‘soft landing’
James Bullard Olivia Michael | CNBC St. Louis Federal Reserve President James Bullard said Tuesday that he still thinks the…
Read More » - Business
Inflation figure that the Fed follows closely hits highest level since January 1982
An inflation gauge that the Federal Reserve uses as its primary barometer jumped to its highest 12-month gain in more…
Read More » - Business
China holdings of U.S. debt fall below $1 trillion for the first time since 2010
The U.S. Treasury building in Washington, D.C. Bloomberg | Bloomberg | Getty Images China’s holdings of U.S. debt have fallen…
Read More » - Business
Retail sales rose more than expected in June as consumers remain resilient despite inflation
Consumer spending held up during June’s inflation surge, with retail sales rising slightly more than expected for the month amid…
Read More » - Business
Fed promises ‘unconditional’ approach to taking down inflation in report to Congress
U.S. Federal Reserve Board Chairman Jerome Powell takes questions after the Federal Reserve raised its target interest rate by three-quarters…
Read More » - Business
Powell vows that the Fed is ‘acutely focused’ on bringing down inflation
Federal Reserve Board Chairman Jerome Powell speaks to reporters after the Federal Reserve raised its target interest rate by three-quarters…
Read More » - Business
Everyone knows inflation is on fire. This is what’s really fueling it
Meat is seen in a supermarket as rising inflation affects consumer prices in Los Angeles, California, June 13, 2022. Lucy…
Read More » - Business
Fed hikes its benchmark interest rate by 0.75 percentage point, the biggest increase since 1994
The Federal Reserve on Wednesday launched its biggest broadside yet against inflation, raising benchmark interest rates three-quarters of a percentage…
Read More »
