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…
Private payrolls rose by 145,000 in March, well below expectations, ADP says
Private sector hiring decelerated in March, flashing another potential sign that U.S. economic growth is heading for a sharp slowdown…
Job openings tumbled below 10 million in February for the first time in nearly two years
Job openings fell below 10 million in February for the first time in nearly two years, in a sign that…
San Francisco Fed leader Daly likely not a major player in SVB saga, officials say
San Francisco Fed President Mary Daly, whose district saw the second-largest bank failure in U.S. history and who has become…
Key Fed inflation gauge rose 0.3% in February, less than expected
An inflation gauge the Federal Reserve follows closely rose slightly less than anticipated in February, providing some hope that interest…
Jobless claims edge up to 198,000, higher than expected
Initial filings for unemployment insurance ticked higher last week but remained generally low in a tight labor market. Jobless claims…
Fed’s Barr calls Silicon Valley Bank failure a ‘textbook case of mismanagement’
The Federal Reserve’s top banking regulator said Monday that the failure of Silicon Valley Bank was due largely to mismanagement,…
