Fed determined to tame ‘unacceptably high’ inflation: minutes
Federal Reserve officials at their last meeting stressed their commitment to taming “unacceptably high” inflation before announcing that they were ...
Tag: inflation
Wholesale inflation higher than expected in September
Inflation at the wholesale level rose 8.5% in September from a year earlier, the third straight decline though costs remain at painfully ...
Top economist Mohamed El-Erian says US economy ‘on bumpy journey to better destination’
Economist Mohamed El-Erian said Sunday that despite the recent market volatility, the US economy is “on a bumpy journey to a better ...
US added 263,000 jobs in weaker than expected report as inflation woes persist
The US labor market added 263,000 more jobs in September — putting more pressure on President Joe Biden and complicating ...
Rate hikes needed to tame ‘stubbornly’ high inflation: Lisa Cook
US inflation remains “stubbornly and unacceptably high,” requiring continued interest rate increases to be sure it begins falling, Fed governor ...
Carnival stock sinks after cruise line warns of longer voyage to turning profit
Carnival on Friday forecast a loss for the fourth quarter as higher fuel prices and rising costs of everyday essentials ...
Ken Griffin says US recession inevitable, but backs Fed hikes
Billionaire hedge fund CEO Ken Griffin thinks that a recession is inevitable and that the Federal Reserve hasn’t been aggressive ...
US jobless claims plunge to five-month low despite Fed rate hikes
The number of Americans filing new claims for unemployment benefits fell to a five-month low last week as the labor ...
Americans increasingly unhappy with Biden’s handling of economy: poll
An increasing number of Americans are unhappy with how President Biden is handling the economy compared to when the president first took ...
Elon Musk says it’s ‘obviously correct’ that Fed is tanking US economy
Billionaire Elon Musk backed a prominent Wharton economist who accused the Federal Reserve and its chairman Jerome Powell of completely ...
Recent Comments