GDP for fourth quarter revised down to 2.7%
The US economy expanded at a smaller-than-expected 2.7% annual rate from October through December, the Commerce Department said Thursday in ...
Tag: federal reserve
Goldman extends forecast for continued Fed rate hikes
Goldman Sachs and Bank of America said they expect the Federal Reserve to raise interest rates three more times this year, lifting ...
Inflation fight may last ‘quite a bit of time:’ Jerome Powell
Federal Reserve Chair Jerome Powell said Tuesday the latest employment report showed the process for getting inflation back near the central bank’s ...
US unemployment hits 53-year low as employers added 517K jobs in January
US hiring was shockingly strong in January, with employers adding 517,000 jobs in a blockbuster result that could put pressure ...
Dow falls as traders await Fed’s rate-hike decision
Stock indexes fell on Wednesday ahead of the Federal Reserve’s decision on interest rates later in the day, while an ...
Goldman Sachs’ consumer business facing Fed probe: report
The Federal Reserve is probing the consumer business of Goldman Sachs to determine whether the bank had appropriate safeguards in place as ...
Existing home sales plunge in December to 12-year-low
US existing home sales plunged to a 12-year low in December, but declining mortgage rates raised cautious hope that the embattled housing market could be ...
Jobless claims unexpectedly fall for third straight week
The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, pointing to another month of solid job growth and ...
Jobless claims fall 4-month low despite layoffs
US applications for unemployment benefits fell to their lowest level in 15 weeks as the job market continues to show ...
Dow jumps as December jobs report eases rate worries
Wall Street’s main indexes rallied on Friday as a slew of economic data including cooling wages and moderation in US ...
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