U.S. Jobless Claims Remain at Elevated Level After Steady Declines
U.S. jobless claims fell slightly to 385,000 last week, as worker filings for new unemployment benefits settled this summer at...
Economic News
Fed Chairman Powell’s Approach to Regulation Has Drawn Criticism From Some Democrats
President Biden’s looming decision about who should be the next Federal Reserve chairman is prompting reviews of the current chief’s...
Towns Trying to Ban Natural Gas Face Resistance in Their Push for All-Electric Homes
Massachusetts is emerging as a key battleground in the U.S. fight over whether to phase out natural gas for home...
Fed’s Brainard Says Labor Market Hasn’t Satisfied Goals for Reducing Bond Purchases
The U.S. labor market hasn’t achieved enough progress to justify a pullback in the Federal Reserve’s stimulus program but is...
Fed Launches Standing Repo Facility to Boost Market Liquidity
The Federal Reserve is launching new facilities designed to provide liquidity to big Wall Street banks and foreign institutions like...
Treasury Market Meltdown in 2020 Shows Need for Overhaul, Report Finds
A global dash for cash sparked by the coronavirus pandemic in March 2020 forced the Federal Reserve to buy hundreds...
Economy Week Ahead: The Fed, U.S. GDP, Eurozone GDP
The Federal Reserve’s policy meeting and U.S. economic-growth figures are the focus this week. MONDAY U.S. new-home sales are expected...
U.S. Population Growth, an Economic Driver, Grinds to a Halt
America’s weak population growth, already held back by a decadelong fertility slump, is dropping closer to zero because of the...
U.S. Set to Push Global Economy Over the Recovery Line
The U.S. economy likely returned to its late-2019 size during the three months through June, helping to lift global output...
U.S. Median Existing-Home Price Hit New High in June
The median U.S. home price rose to a new high of $363,300 in June as strong demand pushed home sales...
Low-Income Lending Rules Set for Broad Overhaul
Top U.S. banking regulators on Tuesday said they would work jointly to modernize rules governing how banks lend hundreds of...
Economy Week Ahead: Housing, Jobless Claims, ECB
U.S. home builders have been caught between strong buyer demand and higher materials costs and difficulty securing lots and labor....
How China Is Helping to Damp Global Inflation
HONG KONG—As China’s factory-gate prices soared this year, investors worried the country would become a new source of inflation for...
Mortgage-Refinancing Costs Expected to Fall as Fannie, Freddie Drop Fee
WASHINGTON—The cost of refinancing government-backed home loans is expected to fall as mortgage giants Fannie Mae and Freddie Mac are...
U.S. Warns Businesses Over Rising Risks in Hong Kong Under China Crackdown
WASHINGTON—The Biden administration is warning American businesses about the increasing risks of operating in Hong Kong as China’s tightening grip...
U.S. Retail Sales Rose in June
U.S. shoppers boosted retail spending in June as the economy more broadly reopened and auto dealers navigated supply disruptions. Retail...
Fed’s Powell Concedes Anxiety About Higher Inflation but Resists Policy Shift
Federal Reserve Chairman Jerome Powell said recent inflation was uncomfortably above the levels the central bank seeks, concluding two days...
Powell Says Fed Still Expects Inflation to Ease
Federal Reserve Chairman Jerome Powell said the central bank wouldn’t hesitate to raise interest rates to keep inflation under control...
Inflation Accelerates Again in June as Economic Recovery Continues
U.S. consumer prices continued to climb swiftly in June, as the economic recovery gained steam and demand outpaced the supply...
China’s Export Engine Accelerates, Defying Expectations
China’s imports and exports posted stronger-than-expected growth in June as global demand for Chinese goods remained solid and sporadic Covid-19...
