Latest News Updates From Paul Wiseman

Government, Business

Fed’s Preferred Inflation Gauge Shows Price Pressures Easing

WASHINGTON — A measure of prices that is closely tracked by the Federal Reserve suggests that inflation pressures in the U.S. economy are continuing to ease.

June 28, 2024
Government, Business

Economic Growth for Q1 Is Revised Up to a 1.4% Annual Rate

WASHINGTON — The economy expanded at a 1.4% annual pace from January through March, the government said in a slight upgrade from its previous estimate.

June 27, 2024
Government, Business, Technology, Equipment

Could Cheap Chinese EVs Reach US From Mexico?

Low-priced Chinese EVs pose a potentially "extinction-level event" for America’s auto industry.

June 27, 2024

Employers Add 175,000 jobs in April in Face of Higher Rates

WASHINGTON — The nation’s employers pulled back on their hiring in April, adding a modest 175,000 jobs in a sign that high interest rates may be starting to take a toll on the economy.

May 3, 2024
Government, Business

Economic Growth Slowed Sharply Last Quarter to 1.6% Pace

WASHINGTON — The nation’s economy slowed last quarter, growing at an annual rate of 1.6% in a sign that the high interest rates may be taking a toll on borrowing and spending.

April 25, 2024
Government, Business

Producer Prices Rose 2.1% From Last Year, Most Since April

WASHINGTON — U.S. producer prices rose in March from a year earlier at the fastest pace in nearly a year, but the gain was less than economists expected. 

April 11, 2024
Government, Business

Employers Added a Robust 303,000 Jobs in March

WASHINGTON — America’s employers in March added a sizzling 303,000 workers to their payrolls, bolstering hopes that the economy can vanquish inflation without succumbing to a recession.

April 5, 2024
Government, Business

Inflation Gauge Shows Price Pressures Easing Gradually

WASHINGTON — A measure of inflation that is closely tracked by the Federal Reserve slipped last month in a sign that price pressures continue to ease.

March 29, 2024
Government, Business

Unemployment Applications Dip to 210,000

WASHINGTON — The number of Americans signing up for unemployment benefits fell slightly last week, another sign that the labor market remains strong and most workers enjoy job security.

March 21, 2024
Government, Business

Employers Add Strong 275,000 Jobs in February

WASHINGTON — America’s employers delivered another healthy month of hiring in February, adding a surprising 275,000 jobs and again showcasing the economy’s resilience. 

March 8, 2024