Biden advisor defends stimulus and inflation surge: ‘The real cause was the global pandemic’
The Covid-19 pandemic, rather than Joe Biden’s economic policies and stimulus packages, is the “real cause” of high inflation, according…
This is ‘the end of the beginning’ of the battle against inflation, economist says
Central banks are at “the end of the beginning” in their battle against inflation, as several factors keep core prices…
Yellen stresses ‘fair’ rules, communication in Beijing meetings
The United States and China, the world’s two biggest economies, must compete fairly and communicate closely to avoid misunderstandings, U.S.…
Fed’s Goolsbee sees ‘golden path’ to lower inflation without a recession
Chicago Federal Reserve President Austan Goolsbee said Friday he’s confident inflation can be tamed without a recession, even with additional…
The unemployment rate among Black workers increased in June for the second month in a row
The overall U.S. unemployment rate declined in June, but a negative trend among Black workers may be emerging, according to…
Payrolls rose by 209,000 in June, less than expected, as jobs growth wobbles
Employment growth eased in June, taking some steam out of what had been a stunningly strong labor market. Nonfarm payrolls…
Job openings fall by half a million
There were about half a million fewer job openings in May than the previous month, providing at least a modest…
Private sector companies added 497,000 jobs in June, more than double expectations, ADP says
The U.S. labor market showed no signs of letting up in June, as companies created far more jobs than expected,…
Fed sees more rate hikes ahead, but at a slower pace, meeting minutes show
Almost all Federal Reserve officials at their June meeting indicated further tightening is likely, if at a slower pace than…
Inflation blame game: UK economic woes set government and central bank on a collision course
LONDON — In January, with one eye on a critical general election in 2024, U.K. Prime Minister Rishi Sunak vowed…
