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
Inflation
Are we on the brink of a corporate credit crisis? | CNN Business
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign...
In a market that’s gone mad, investors can embrace these dependable stocks | CNN Business
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign...
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...
Australia’s central bank signals more tightening ahead after hiking rates to decade high | CNN Business
Sydney Reuters — Australia’s central bank raised its cash rate by 25 basis points to a decade-high of 3.35% on...
Larry Summers: More likely the Fed can pull off a soft landing, but don’t get hopes up | CNN Business
New York CNN — After a shocking jobs report, Larry Summers, treasury secretary under Bill Clinton, said he is more...
Did investors learn nothing from last year’s market meltdown? | CNN Business
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign...
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
Blackouts and soaring prices: Pakistan’s economy is on the brink | CNN Business
Islamabad/London CNN — Muhammad Radaqat, a 27-year-old greengrocer, is worried. He doesn’t know how much an onion will cost next...
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....
Britain hit by biggest day of strikes in a decade as pay disputes escalate | CNN Business
London CNN — As many as half a million workers are striking across Britain on Wednesday, closing schools, canceling university...
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
Consumer Spending Fell 0.2% in December as Inflation Cooled
EconomyU.S. EconomyUnderlying inflation cooled to its slowest pace since October 2021. Source link
The US economy grew by 2.9% in the fourth quarter, more than expected | CNN Business
Minneapolis CNN — The US economy expanded again during the fourth quarter, registering solid growth to end 2022 even as...
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
China’s Reopening Complicates Global Fight Against Inflation
A stronger Chinese economy would boost demand for commodities but could also ease supply-chain bottlenecks—resulting in mixed signals for central...
Consumer Prices Plateau as Inflation Slows to Prepandemic Levels
After a period of steep inflation, Americans have seen monthly price growth ease, but when will things get back to...
Inflation in Japan hits highest level in 41 years | CNN Business
Tokyo Reuters — Japan’s core consumer prices in December rose 4.0% from a year earlier, double the central bank’s 2%...
