inflation
-
Business
Michelle Bowman votes against Fed half-point rate cut — first dissent since 2005
Federal Reserve Governor Michelle Bowman on Wednesday became the first Fed governor to vote against an interest-rate decision by the…
Read More » -
Business
When will Americans feel relief from the Fed’s interest rate cuts?
The Federal Reserve’s jumbo interest rate cut Wednesday should lower the rates for home mortgages, auto loans and credit cards…
Read More » -
Business
Goldman Sachs CEO David Solomon says Harris better for economy by only ‘two-tenths of 1%’
Kamala Harris stretched the truth about the benefits of her economic policies during her testy debate against Donald Trump, according…
Read More » -
Business
Holiday sales to grow at slowest pace since 2018; inflation wipes out consumers’ savings
US holiday sales are forecast to grow at their slowest pace since 2018 amid fears that persistent inflation is wiping…
Read More » -
Business
Jobless claims rise slightly to 230K as employment market continues to cool
The number of Americans filing new applications for unemployment benefits last week rose slightly to 230,000, matching economists’ expectations as…
Read More » -
Business
Consumer Price Index eases, but core inflation rises unexpectedly
A gauge of underlying inflation rose unexpectedly last month, clouding hopes for an outsize rate cut from the Federal Reserve…
Read More » -
Business
US labor market added 142,000 jobs in August, fewer than expected
The American labor market weakened last month as employers added just 142,000 jobs in August — well below analyst estimates…
Read More » -
Business
Health care ‘shrinkflation’ hitting Americans with higher costs, longer wait times
An Axios report on Tuesday found Americans are struggling with health care “shrinkflation,” experiencing longer wait times and shorter doctor visits despite…
Read More »