Breaking News: Economy

Traders raise the chances for a Fed rate cut following April inflation report

Even with inflation running well above the Federal Reserve’s goal, markets became more convinced Wednesday that the central bank will…

Inflation rate eases to 4.9% in April, less than expectations

A widely followed measure of inflation rose in April, though the pace of the annual increase provided some hope that…

Fed’s John Williams says rates could be increased if inflation doesn’t come down

NEW YORK — New York Federal Reserve President John Williams on Tuesday cautioned that interest rate increases will take a…

A.I. trade is leaving investors vulnerable to painful losses: Evercore

The artificial intelligence trade may be leaving investors vulnerable to significant losses. Evercore ISI’s Julian Emanuel warns Big Tech concentration…

Worries linger about financial stability following bank rescue, Fed report shows

Banking system pressures, real estate stress and persistent inflation top worries about financial stability, though the system overall remains stable,…

Fed report shows banks worried about conditions ahead, with focus on slowing economy and deposit outflows

Tumult in mid-sized institutions caused banks to tighten lending standards both to households and businesses, potentially posing a threat to…

The most important thing Warren Buffett said Saturday, and it isn’t good news for the economy

OMAHA, Neb. — Warren Buffett, whose conglomerate is viewed as a barometer of U.S. economic health because of the range…

Outlook for household spending slumped in April, New York Fed survey shows

Household spending is expected to decrease significantly over the next year, according to a New York Federal Reserve survey released…

Unemployment rate sinks in April for Black and Hispanic workers, but holds steady for Asians

The unemployment rate slipped for Black and Hispanic workers in April, but remained stable for Asian American workers. The U.S.…

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

Broad job gains across the economy helped the labor market show resilience in the face of a banking crisis and…