Continuing Sanctions Against Russia Mark ‘Tectonic’ Shift
Russia’s invasion of Ukraine a year ago prompted a volley of tough sanctions from the U.S. and its allies, a...
Economic News
Airlines Are Posting Big Profits After Raising Fares, Cutting Costs
BusinessRecovery takes hold as travelers take advantage of reopened borders Source link
Biden Administration to Cut Mortgage Insurance Costs for Lower-Income Buyers
PoliticsFederal Housing Administration will reduce the annual fee borrowers pay for its insurance by about $800 Source link
Economy Week Ahead: U.S. Household Spending, Home Sales in Focus
EconomyEconomy Week AheadThe Federal Reserve also slated to release minutes about interest rates Source link
Fed’s Barkin Supports Measured Pace of Interest-Rate Increases
The central bank’s quarter-point rate-rise path gives greater flexibility, says Richmond Fed president. Source link
U.S. Households Lifting Economy After Being Stung by Inflation Last Year
EconomyU.S. EconomyWage gains, state tax cuts and cost-of-living adjustments are boosting disposable income Source link
WSJ News Exclusive | ECB Could Raise Rates Above 3.5%, Hold Them There, Official Says
WSJ News ExclusiveEurope EconomyComment by Irish central-bank governor could surprise investors who expect interest rates to peak in July Source...
Mass Layoffs or Hiring Boom? What’s Actually Happening in the Jobs Market
By Sarah Chaney Cambon and Ray A. SmithFeb. 9, 2023 8:01 am ETListen to article(2 minutes)Interest rates are rising, inflation...
U.S. Trade Deficit Hit Record in 2022
EconomyU.S. EconomyTrade gap rises to $948.1 billion as the U.S. continues to depend on imports to meet domestic demand Source...
Economy Week Ahead: U.S. Trade in Focus
EconomyEconomy Week AheadFed Chairman Jerome Powell to speak at an event in Washington Source link
Booming Job Gains Could Fuel Fed Debate Over Whether More Is Needed to Corral Inflation
EconomyU.S. EconomyOfficials seeking to fight inflation could face tricky decisions if wage growth slows and hiring stays strong Source link
Unemployment Falls to 3.4%, Lowest in 53 Years, Jobs Report Shows
EconomyU.S. EconomyU.S. added 517,000 jobs in January, snapping five-month string of slowing employment growth Source link
U.S. Job Openings Jumped at End of Last Year
Demand for workers has been elevated since mid-2021. Layoff totals increased slightly in December as some companies announced job cuts....
OPEC+ Ministers Stick to Cutting Plan Amid Oil-Demand Uncertainty
A panel of energy ministers said the group of petrostates would continue cutting oil production, amid uncertainties about demand in...
Employment-Cost Report Shows Worker Pay Gains Held Nearly Steady in Fourth Quarter
Employer spending on wages and benefits remained elevated last quarter but showed modest signs of cooling. Source link
Economy Week Ahead: U.S. Interest Rates, Labor Market in Focus
EconomyEconomy Week AheadJob reports will gauge U.S. wages, openings and overall labor market, while Fed meets to consider raising rates...
Consumer Spending Fell 0.2% in December as Inflation Cooled
EconomyU.S. EconomyUnderlying inflation cooled to its slowest pace since October 2021. Source link
GDP Report Shows Economic Growth Cooled Slightly in Fourth Quarter
U.S. economic growth cooled slightly to a 2.9% annual rate in the fourth quarter, capping a year of high inflation...
Surge in Hiring by Small Business Complicates Fed’s Effort to Cool Economy
EconomyU.S. EconomyCentral bankers point to labor market as a primary driver of high inflation Source link
Microsoft Earnings Fell Last Quarter Amid Economic Concerns
BusinessEarningsSoftware giant’s revenue growth slowed to a more than six-year low as demand for cloud services cooled Source link
