The economy again beat expectations in February and added 275,000 jobs, the Bureau of Labor Statistics reported Friday, a…
Tag: Federal Reserve
WATCH LIVE: Fed Chair Jerome Powell delivers semiannual monetary policy report to Congress
Federal Reserve chairman Jerome Powell will deliver a semi-annual testimony to the House Financial Services Committee…
Does the Fed’s own target suggest it is not doing enough to lower inflation?
The Federal Reserve’s definition of its inflation target suggests it should aim to drive the inflation…
GDP growth rate revised down slightly to still-strong 3.2% for fourth quarter of 2023
Economic output growth for the fourth quarter of 2023 was revised down by a tenth of a…
Business economists now overwhelmingly expect a ‘soft landing’ this year
The economy will expand by more than previously expected this year and the Federal Reserve will…
Mortgage demand tanks as mortgage rates rise past 7% again
Mortgage demand plummeted last week as homebuyers shied away from the housing market amid rising mortgage…
Inflation proving stickier than expected has dashed hopes for quick Fed rate cuts
Inflation isn’t moving down as quickly as the Federal Reserve hoped, forcing investors to dig in…
Inflation comes in hotter than expected at 0.9% in January in producer price index
Wholesale inflation, as measured by the producer price index, declined slightly to 0.9% for the year ending in January but…