Fed’s Jerome Powell says more rate hikes are likely this year
With inflation in the United States still excessive, most Federal Reserve officials expect to raise interest rates further this year, Chair Jerome ...
Tag: Economy
Here’s why Americans are getting tired of tipping: survey
Americans are tipping less often for a variety of services, demonstrating a steady decline over the last few years, according ...
Fed’s preferred inflation gauge rose to 4.4% in April
A key index of US prices ticked higher in April, and consumer spending rebounded, a sign that inflationary pressures in ...
Job openings drop to 9.6M in March — lowest since 2021
US job openings fell in March to the lowest level in nearly two years, a sign that the American labor ...
FDIC races to find buyer for collapsing First Republic Bank
Federal regulators are scrambling to find a buyer for First Republic Bank as the banking company’s stocks continue to tumble, ...
Clueless Yellen fails to stave off bank crisis as First Republic sinks
There are leaders who rise to the moment. Think Churchill and Roosevelt facing down the Nazi threat. Ronald Reagan‘s famously ...
Fed’s preferred inflation gauge stayed high in March
A key index of underlying inflation that is closely followed by the Federal Reserve remained elevated last month, keeping the ...
GDP growth slowed sharply in latest quarter amid Fed rate hikes
The U.S. economy slowed sharply from January through March, decelerating to just a 1.1% annual pace as higher interest rates ...
March new home sales surged 9.6% to one-year high
Sales of new US single-family homes jumped to a one-year high in March, likely as a retreat in mortgage rates boosted demand. ...
Putin’s version of eBay and Amazon strip searches women employees
Women who work at a Russian e-commerce company that has been compared to Amazon and eBay must undergo humiliating strip ...
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