A key inflation gauge rose 5.8% in 2021, most in 39 years
A measure of prices that is closely tracked by the Federal Reserve rose 5.8% last year, the sharpest increase since 1982, as brisk consumer spending collided with snarled supply chains...
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As Fed meets, investor angst over rate hikes spooks markets
Wild volatility in the stock market this week has put heightened scrutiny on the Federal Reserve's meeting Wednesday and whether the Fed will clarify just how fast it plans to...
Inflation at 40-year high pressures consumers, Fed and Biden
WASHINGTON (AP) — Inflation jumped at its fastest pace in nearly 40 years last month, a 7% spike from a year earlier that is increasing household expenses, eating into wage...
Fedās Powell: High inflation poses a threat to job market
Warning that high inflation could make it harder to restore the job market to full health, Federal Reserve Chair Jerome Powell said Tuesday that the Fed will raise interest rates...
U.S. jobless rate sinks to 3.9% as many more people find jobs
U.S. employers added a modest 199,000 jobs last month while the unemployment rate fell sharply, at a time when businesses are struggling to fill jobs with many Americans remaining reluctant...
U.S. employers added a sluggish 210,000 jobs in November
America’s employers slowed the pace of their hiring in November, adding 210,000 jobs, the lowest monthly gain in nearly a year.
Biden to keep Powell as Fed chair, Brainard gets vice chair
President Joe Biden said Monday he is nominating Jerome Powell for a second four-year term as Federal Reserve chair, endorsing his stewardship of the economy through a brutal pandemic recession...
Americans ramped up retail spending a strong 1.7% last month
Americans sharply boosted their spending last month, pushing up retail sales and giving the economy a lift. Much of the gain reflected the fact that shoppers are also paying higher...
Americans give bosses same message in record numbers: I quit
Americans quit their jobs at a record pace for the second straight month in September, in many cases for more money elsewhere as companies bump up pay to fill job...
U.S. employers shrugged off virus and stepped up hiring, adding 531,000 jobs
America's employers stepped up their hiring last month, adding a solid 531,000 jobs, the most since July and a sign that the recovery from the pandemic recession is overcoming a...