GDP grew at revised 3.2% rate in third quarter
Shrugging off rampant inflation and rising interest rates, the US economy grew at an unexpectedly strong 3.2% annual pace from ...
Tag: inflation
Champagne makers pop corks on record $6.5B in sales despite inflation
Champagne sales are expected to reach a new record this year, despite inflation that could have made consumers shun the expensive ...
Fed’s John Williams says rates could go higher than forecast
New York Federal Reserve President John Williams said on Friday it remains possible the US central bank raises interest rates ...
Retail sales fall 0.6% in November after rising in October
Americans cut back sharply on retail spending last month as the holiday shopping season began with high prices and rising interest rates forcing families, ...
Fed inflation gauge shows October prices eased to 6%
A measure of inflation that is closely monitored by the Federal Reserve eased but remained at an elevated level in ...
GDP revised up to 2.9% for third quarter
Despite high interest rates and chronic inflation, the US economy grew at a 2.9% annual rate from July through September, ...
Central bank could cut rates in 2024
New York Federal Reserve President John Williams on Monday declined to say how fast and how far he believes the US central bank will ...
Majority of Fed officials see rate hikes slowing soon: minutes
A “substantial majority” of policymakers at the Federal Reserve’s meeting early this month agreed it would “likely soon be appropriate” to ...
HP to cut up to 6,000 jobs as demand slumps
HP said Tuesday it expects to cut up to 6,000 jobs by the end of fiscal 2025, or about 12% of ...
Fed’s Loretta Mester supports smaller rate hike in December
The Federal Reserve can downshift to smaller interest rate hike increments from next month as it fine-tunes its policy actions ...
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