The U.S. economy slowed sharply from January to March, decelerating to a 1.1% annual pace as higher interest rates hammered the housing market and businesses reduced their inventories.
April 27, 2023Latest News Updates From Paul Wiseman
Wholesale Inflation Pressures Eased Sharply in March
WASHINGTON — Wholesale prices fell in March, a sign that inflationary pressures in the economy are easing a year after the Federal Reserve began aggressively raising interest rates.
April 13, 2023US Adds a Healthy 236,000 Jobs in March
America’s employers added 236,000 jobs in March — 5,700 of them in trucking — suggesting that the economy remains on solid footing despite interest rate hikes designed to tame inflation.
April 7, 2023Key Inflation Gauge Slowed in February
WASHINGTON — The Federal Reserve’s favored inflation gauge slowed sharply last month, an encouraging sign in the Fed’s effort to cool price pressures through higher interest rates.
March 31, 2023US Revises Down Last Quarter’s Economic Growth to 2.6% Rate
WASHINGTON — The U.S. economy maintained its resilience from October through December despite rising interest rates, growing at a 2.6% annual pace.Â
March 30, 2023Key Inflation Measure Surges Most Since June
WASHINGTON — The Federal Reserve’s preferred inflation gauge rose in January at its fastest pace since June, an alarming sign that price pressures remain entrenched in the U.S. economy.
February 24, 2023January Hiring Burst Stuns Economists as Market Adds 517,000 Jobs
The government said Feb. 3 that employers added a sizzling 517,000 jobs last month and that the unemployment rate dipped to 3.4%, the lowest level since 1969.
February 3, 2023GDP Grew 3.2% in Q3, an Upgrade From Earlier Estimate
Shrugging off rampant inflation and rising interest rates, the U.S. economy grew at an unexpectedly strong 3.2% annual pace from July through September.
December 22, 2022US Economy Returned to Growth Last Quarter, Expanding 2.6%
The U.S. economy grew at a 2.6% annual rate from July through September, snapping two straight quarters of contraction and overcoming high inflation and interest rates just as voting begins in midterm elections in which the economy’s health has emerged as a paramount issue.
October 27, 2022Hiring Stayed Solid in September, but Trucking Sheds 11,400 Jobs
WASHINGTON — America’s employers slowed their hiring in September but still added a solid 263,000 jobs — a dose of encouraging news that may mean the Federal Reserve’s drive to cool the job market and ease inflation is starting to make progress. Trucking however saw a sizable decline in truck transportation payrolls.Â
October 7, 2022Trending
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