Breaking News: Economy

The story of inflation, as told through your child’s backpack

Back-to-school shopping hasn’t been easy this year for Lauren Cyr. The mother of three has searched for deals and spread…

Here’s where the jobs are for July 2023 — in one chart

The labor market added a smaller-than-expected 187,000 jobs in July, but one sector delivered roughly half of that total. The…

July jobs report: U.S. payroll growth totaled 187,000, lower than expected

Job growth in July was less than expected, pointing to a slower pace in the U.S. economy though perhaps not…

Warren Buffett says he’s not worried about Fitch’s U.S. downgrade

Warren Buffett shrugged off Fitch’s U.S. credit rating downgrade, noting it doesn’t change what his conglomerate, Berkshire Hathaway, is doing…

The Fitch U.S. ratings cut is here to stay, says analyst who worked on the S&P downgrade in 2011

Growing political instability means the U.S. will not regain its AAA rating with Fitch for the foreseeable future, according to…

Veteran banker Jeffrey Schmid picked to lead Kansas City Fed

The Kansas City Federal Reserve is about to get a new leader as the inflation-fighting central bank plots its course…

Treasury Secretary Yellen says surprising Fitch downgrade is ‘entirely unwarranted’

WASHINGTON — Treasury Secretary Janet Yellen on Wednesday denounced Fitch’s decision to downgrade the United States’ longstanding credit rating that…

Private sector added 324,000 jobs in July, well above expectations, ADP says

Private sector companies added far more jobs than expected in July, pushed higher by a boom in leisure and hospitality…

U.S. debt downgrade sinks global markets — but economists are not concerned

Global stock markets tumbled on Wednesday after ratings agency Fitch downgraded the United States’ long-term credit rating — but top…

Job openings, layoffs declined in June in a positive sign for the labor market

Job vacancies and layoffs edged lower in June, according to a report Tuesday that points to a stable labor market.…