Senate Confirms Jerome Powell to Second Term Leading Federal Reserve
Mr. Powell’s nomination, approved Thursday on an 80-19 vote, has been on track for months to win bipartisan approval despite...
indicators
Americans Planning Summer Travel Face a New Hurdle: High Inflation
Americans itching to travel this summer after navigating Covid-19 for the past two years face a new disruption to plans:...
Economy Week Ahead: U.S. Inflation, China’s Exports in Focus
Shoppers in a San Francisco grocery store earlier this month. Economists forecast that year-over-year readings for the consumer-price index started...
Consumers Have Spearheaded Recovery, but Data Signal a Potential Change
American consumers are at a crossroads. In large part, they have weathered the economic storm caused by the pandemic, saved...
Rapid Pace of U.S. Job Growth Stretched Into April
The U.S. labor market extended a run of rapid job growth last month despite jittery markets and increased economic uncertainty,...
Fed Lifts Interest Rates by Half-Point in Biggest Hike Since 2000
The Federal Reserve approved a rare half-percentage-point interest rate increase—the largest since 2000—and a plan to shrink its $9 trillion...
Economy Week Ahead: Economic Growth, Inflation in Focus
March durable goods data are expected to reflect a rebound for new orders after February weakness. Photo: KAMIL KRZACZYNSKI/REUTERS April...
Global Growth Ebbs in Face of Ukraine War, China Slowdown
FRANKFURT—Economic growth is slowing in large parts of the globe as businesses struggle to navigate the effects of Russia’s invasion...
Hot Economy, Rising Inflation: The Fed Has Never Successfully Fixed a Problem Like This
The Federal Reserve is setting out to do something it has never accomplished before: reduce inflation a lot without significantly...
Economy Week Ahead: Jobless Claims, Housing Data
Economists expect reports to show March declines in housing starts and existing-home sales. Source link
High Gasoline Prices Take Up Big Share of March Retail Spending Increase
U.S. retail sales grew modestly by 0.5% in March as consumers kept spending amid rising gasoline and food prices. Source...
Supplier Prices Rose Sharply in March, Keeping Upward Pressure on U.S. Inflation
Suppliers raised prices sharply last month, a sign inflation continues to percolate through the U.S. economy. The Labor Department on...
U.K. Inflation Hits Fresh Three-Decade High, Squeezing Household Budgets
The U.K.’s inflation rate rose to a fresh three-decade high in March, as energy prices surged following Russia’s invasion of...
U.S. Inflation Accelerated to 8.5% in March, Hitting Four-Decade High
U.S. inflation surged to a new four-decade high of 8.5% in March from the same month a year ago, driven...
New York Fed: Public Expectations for March 2023 Inflation Hit 6.6% Record
Public expectations for the level of inflation a year from now hit a record in March, according to a survey...
China’s Latest Covid-19 Lockdowns Begin to Drag on the Economy
China’s strict Covid-19 lockdowns in Shanghai and other industrial hubs are beginning to weigh on its economy, with auto sales...
Economy Week Ahead: Inflation, Retail Sales, Consumer Sentiment
Economists expect the consumer-price index for March accelerated further. Source link
Interest-Rate Surge Ripples Through Economy, From Homes to Car Loans
The Fed’s moves to chill inflation have driven up bond yields and many other borrowing costs linked to them. So...
U.S. Jobless Claims Fall to 166,000, Lowest Level Since 1968
New applications for U.S. unemployment benefits fell last week to a near 54-year low as employers held on to workers...
Biden Extends Pause on Federal Student-Loan Payments Through August
WASHINGTON—President Biden on Wednesday extended through Aug. 31 the pause on payments of federal student loans, setting up a politically...
