Fed’s Barkin and George Say Inflation Fight Isn’t Over Despite Promising Signs
Inflation readings have been encouraging recently, but the Fed’s fight against rising prices isn’t over, the leaders of the Richmond...
Economic News
Hiring, Wage Gains Eased in December, Pointing to a Cooling Labor Market in 2023
Employers added 223,000 jobs in December, the smallest gain in two years Source link
Fed Official Sees Progress on Inflation, Says More Rate Rises Needed
The Federal Reserve’s short-term benchmark rate isn’t yet at a level high enough to sufficiently slow the U.S. economy to...
Samsung Expects Big Drop in Profit on Slumping Tech Demand
High inflation and weak economies hit sales of memory chips and smartphones. Source link
Job Openings Held Nearly Steady in November, Showing Still-Strong Labor Demand
The historically high levels of available positions showed demand for labor remained strong at the end of 2022. Source link
Get Ready for the Richcession
If the economy enters a recession in 2023, or even if it manages to narrowly evade one, it might be...
Stay for Pay? Companies Offer Big Raises to Retain Workers
EconomyU.S. EconomyRecent record-high wage gains for workers who remain in their jobs are a factor contributing to inflation Source link
Economy Week Ahead: Jobs Report, Fed Minutes in Focus
EconomyEconomy Week AheadData will gauge health of the U.S. labor market, offer details on central bankers’ interest-rate discussions Source link
Retiring Fed President Challenged the Consensus Inside Central Bank
The Federal Reserve is set to lose one of its more diligent skeptics when Esther George, president of the Federal...
Inflation Takes Biggest Bite From Middle-Income Households
Inflation is often called a tax on the poor, but this time it’s hit middle-income households the hardest. Many low-income...
Russia Bans Sales of Oil to Countries Imposing Price Cap
The action follows moves by the Group of Seven nations barring Western companies from insuring, financing or shipping Russian crude...
WSJ News Exclusive | Laid Off Tech Workers Quickly Find New Jobs
Most laid off workers in tech are finding jobs shortly after beginning their search, as employers continue to scoop up...
Big Nonprofit Hospitals Expand in Wealthier Areas, Shun Poorer Ones
Many of the nation’s largest nonprofit hospital systems, which give aid to poorer communities to earn tax breaks, have been...
WSJ News Exclusive | IRS Delays Gig-Tax Filing Rule for Side Hustles of More Than $600
The Internal Revenue Service gives millions of Americans a one-year reprieve on new 1099-K tax-reporting requirements, offering relief to users...
Consumer Spending Tapered Off Ahead of the Holidays
Households boosted spending on services while cutting outlays on goods, including autos. The outlook for the holiday-shopping season remains murky....
U.S. Home Sales Post Record 10th Straight Month of Declines
EconomyU.S. EconomyNovember existing-home sales fell 7.7% as Fed keeps raising interest rates Source link
Bank of England Raises Rates by 0.5 Point, Slowing Pace of Tightening
WorldEuropeDecision follows a similar move by the Swiss National Bank on a busy day for Europe’s most influential central banks...
U.S. Healthcare-Spending Growth Slowed in 2021, Federal Report Finds
Federal spending on Covid-19 dropped, while there was an uptick in spending on insurance coverage and healthcare services. Source link
Fed Raises Rate by 0.5 Percentage Point, Signals More Increases Likely
Most officials penciled in plans to raise rates above 5% next year, higher than previously expected. Source link
U.S. Inflation Eased in November, CPI Report Shows
U.S. inflation eased significantly to 7.1% in November, its slowest pace since the end of 2021, the Labor Department said...
