Breaking News: Economy

Private payroll growth slowed to just 107,000 in January, below expectations, ADP reports

Private payroll growth declined sharply in January, a possible sign that the U.S. labor market is heading for a slowdown…

White House touts highest consumer confidence in more than 2 years

The White House cheered the Conference Board report on Tuesday showing consumer confidence rising to its highest level in more…

IMF warns British government against more tax cuts

LONDON — The U.K. government should not introduce further tax cuts this year, the International Monetary Fund said Tuesday, as…

IMF upgrades global growth forecast, citing U.S. resilience and policy support in China

The International Monetary Fund on Tuesday nudged its global growth forecast higher, citing the unexpected strength of the U.S. economy…

Sen. Elizabeth Warren pushes Fed Chair Powell to cut ‘astronomical’ rates, ease housing pressure

Sen. Elizabeth Warren, D-Mass., and three other Democratic lawmakers are pushing Federal Reserve Chairman Jerome Powell to lower interest rates…

Workers are sour on the job market — but it may not be warranted

Workers are sour on the job market — but that pessimism may be somewhat misplaced. The Glassdoor Employee Confidence Index…

Fed’s favorite inflation gauge rose 0.2% in December and was up 2.9% from a year ago

An important inflation gauge released Friday showed that the rate of price increases cooled as 2023 came to a close.…

ECB’s Lagarde responds to scathing staff survey: ‘I’m very proud and honored to lead the institution’

President Christine Lagarde on Thursday said she was “proud and honored” to leead the European Central Bank, after her leadership…

The U.S. economy grew at blistering 3.3% pace in Q4 while inflation pulled back

The economy grew at a much more rapid pace than expected while inflation eased in the final three months of…