Economy Week Ahead: Fed, GDP, Consumer Spending
Fed Chairman Jerome Powell. The central bank’s two-day policy meeting is scheduled to conclude on Wednesday. Photo: Graeme Jennings/Press Pool...
Economic News
U.S. Existing-Home Sales Reached a 15-Year High of 6.1 Million Last Year
U.S. home sales surged to a 15-year high in 2021, powered by low borrowing rates and an intense buyer demand...
Full Recovery in Global Labor Market Could Take Years
It will take at least two years before global unemployment falls back to pre-pandemic levels, according to fresh projections, with...
China Seeks to Cushion Blow of Economic Pain as Momentum Slows
HONG KONG—Last year, Chinese policy makers shook up the world’s second-largest economy just as its rebound from the pandemic was...
China GDP Grew 8.1% in 2021, Though Momentum Slowed in Fourth Quarter
BEIJING—China’s economy expanded 8.1% last year as a pandemic-plagued world snapped up its goods, though slowing growth in the final...
Economy Week Ahead: China GDP, U.S. Housing
A man passed through Beijing’s central business district late last year. Photo: greg baker/Agence France-Presse/Getty Images By WSJ Staff Jan....
Fed Releases Transcripts of 2016 Policy Meetings
Transcripts released by the Federal Reserve on Friday revealed the extent of officials’ 2016 debate over how fast to move...
Biden Taps Economists Lisa Cook, Philip Jefferson for Fed Seats
President Biden will seek to fill two seats on the Federal Reserve’s Board of Governors with academic economists Lisa Cook...
U.S. Retail Sales Fell 1.9% in December
U.S. retail sales dropped by 1.9% in December as the Covid-19 Omicron variant and inflation surged, damping the end of...
U.S. Jobless Claims Rise to 230,000
Filings for jobless claims rose to a seasonally adjusted 230,000 last week, an increase of 23,000, as a tight U.S....
Fed’s Powell Says Economy No Longer Needs Aggressive Stimulus
Federal Reserve Chairman Jerome Powell called high inflation a “severe threat” to a full economic recovery and said Tuesday the...
Fed Vice Chairman Richard Clarida to Resign
Federal Reserve Vice Chairman Richard Clarida said he would resign from the central bank on Friday, two weeks before his...
Economy Week Ahead: the Fed, Inflation, Consumers
Fed Chairman Jerome Powell, here testifying before the Senate Banking Committee in September, is set to return for a confirmation...
Americans’ Finances Got Stronger in the Pandemic—Confounding Early Fears
The Covid-19 pandemic threatened to ruin Americans’ finances. For many, the opposite happened.Though initial shutdowns caused unemployment to surge to...
U.S. to Spend $10 Billion to Boost Small Businesses
The U.S. is planning to hand out $10 billion to help upstart companies gain access to capital in a bid...
U.S. Jobs Report Shows Record Annual Gain
Hiring slowed in December to 199,000 new jobs, the Labor Department said Friday, while the U.S. added a record number...
Consumer Demand for Goods Drove U.S. Import Surge During Holidays
U.S. consumer demand for goods and an easing of supply-chain constraints drove a surge in imports in November, pushing the...
Fed Minutes Reflect Growing Unease Over High Inflation
Federal Reserve officials at their meeting last month eyed a faster timetable for raising interest rates this year amid greater...
U.S., European Factories See Easing Supply Strains, but Omicron Threatens Setbacks
Factories in Europe and the U.S. reported a further easing of supply-chain problems and associated cost increases as 2021 drew...
Economy Week Ahead: Eurozone Manufacturing, U.S. Jobs Report
A worker checked bodywork at the Iveco plant in Suzzara, Italy, in December. The state of European manufacturing will be...
