Key inflation gauge for the Fed rose 0.3% in March as expected
Despite a year’s worth of interest rate increases, inflation rose again in March, according to economic data released Friday that…
U.S. GDP rose at a 1.1% pace in the first quarter as signs build that the economy is slowing
Growth in the U.S. slowed considerably during the first three months of the year as interest rate increases and inflation…
The banking crisis is having a slow-burn impact on the economy
A banking crisis that erupted less than two months ago now appears to be less a major broadside to the…
Fed Governor Bowman casts doubt on the need for a U.S. digital dollar
Federal Reserve Governor Michelle Bowman expressed skepticism over the possibility of a digital U.S. dollar, noting Tuesday the multiple risks…
Fed’s Bostic sees one more quarter-point rate hike, then a hold ‘for quite some time’
Atlanta Federal Reserve President Raphael Bostic said Tuesday he envisions the central bank approving one more interest rate increase before…
Fed expects banking crisis to cause a recession this year, minutes show
WASHINGTON – Fallout from the U.S. banking crisis is likely to tilt the economy into recession later this year, according…
Inflation rises just 0.1% in March and 5% from a year ago as Fed rate hikes take hold
Inflation cooled in March as the Federal Reserve’s interest rate increases showed more impact, the Labor Department reported Wednesday. The…
Outlook for credit access hits record low while inflation expectations jump, NY Fed survey shows
Consumers are getting more pessimistic about inflation and their access to credit, according to the results of a monthly survey…
Job growth totals 236,000 in March, near expectations as hiring pace slows
Nonfarm payrolls growth in March was about in line with expectations, but showed signs that the jobs picture is in…
Layoffs are up nearly fivefold so far this year with tech companies leading the way
Companies announced nearly 90,000 layoffs in March, a sharp step up from the previous month and a giant acceleration from…
