Spending and Inflation Figures Come as Fed Debates Pause
Economists estimate that Americans increased consumer spending last month and that price increases remained elevated. Source link
Inflation
Jerome Powell Keeps June Interest-Rate Pause in Play
Fed chair says banking strains could mean rates don’t have to rise as much to tame inflation Source link
CPI Report Shows Inflation Eased in April but Remains Stubbornly High
Inflation eased to 4.9% in April, the Labor Department said Wednesday, as the economy showed signs of cooling. Source link
Thousands of Jobs Were Added in April—Even in Industries With Layoffs
Hiring held up in tech, construction and manufacturing as the labor market continues to boom. Source link
Robust Hiring in April Shows U.S. Job Market Remains Hot in Cooling Economy
Hiring picked up as employers added 253,000 jobs last month. The unemployment rate fell to 3.4%. Source link
Federal Reserve Raises Rates, Signals Potential Pause
Central bank officials remove earlier guidance that had pointed to further increases. Source link
Why Is Inflation So Sticky? It Could Be Corporate Profits
Inflation has proved more stubborn than central banks bargained for when prices started surging two years ago. Now some economists...
GDP Report Shows Economic Growth Slowed in First Quarter
Growth slowed to 1.1% annual rate as resilient consumers faced high inflation and rising interest rates. Source link
US inflation just reached an inflection point | CNN Business
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign...
March Jobs Report Shows Hiring Gradually Cooling
U.S. hiring slightly cooled in March as employers added 236,000 workers. The unemployment rate fell to 3.5%. Source link
Bank Failures. High Inflation. Rising Rates. Is the Resilient Jobs Market About to Crack?
U.S. employers added 5.6 million jobs over 14 months, but gains have shown signs of cooling recently amid economic risks....
The Fed could easily drive Black unemployment much higher than the overall jobless rate | CNN Business
New York CNN — Millions of jobs could be on the chopping block this year, as the Federal Reserve continues...
U.S. Job Openings Dropped in February
The number of job openings fell below 10 million for the first time in nearly two years, a sign that...
This is one of the worst times to buy a car in decades. Here’s why | CNN Business
CNN — It has almost never been as hard to buy a new or used car in the United States...
Consumer Spending Moderated in February and Core Inflation Eased
Consumer spending increased a seasonally adjusted 0.2% in February, from January’s revised 2% increase, which was the largest one-month gain...
The Fed’s favorite inflation measure cooled in February | CNN Business
Minneapolis CNN — The Federal Reserve’s preferred inflation gauge cooled back down in February after ticking up unexpectedly the month...
Low Jobless Claims Show Labor Market Shrugs Off Economy’s Clouds
Worker filings for unemployment benefits rose to a seasonally adjusted 198,000 last week but were still historically low, showing that...
Corporate greed is jacking prices higher. It could push customers over the edge | CNN Business
Inflation is ravaging shoppers' wallets and the Federal Reserve has responded by instituting a regimen of painful interest rate hikes...
How the Fed’s latest rate increase will affect your bank savings | CNN Business
Editor’s Note: This is excerpted from a story that originally ran on March 22, 2023. New York CNN — Banking...
Commercial real estate is in trouble. Why you should be paying attention | CNN Business
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign...
