Will the Fed Slam on the Brakes After Bank Failures?
After the sudden implosion of Silicon Valley Bank on Friday and the shuttering of Signature Bank on Sunday, President Joe Biden stepped in front of...
Jobs Market Stays Hot
In a sign that the U.S. labor market is still chugging along, payrolls rose more than expected in February, as employers added 311,000 jobs, well...
Sticky Inflation Challenges the Fed – and Raises the Odds of Recession
The personal consumption expenditures index rose 0.6% from December to January, the Bureau of Labor Statistics said Friday, raising new concerns about...
Biden Names Brainard and Bernstein to Top Economic Posts
President Biden on Tuesday named Federal Reserve Vice Chair Lael Brainard to lead the National Economic Council and said he intends to nominate...
Inflation Eases, but Only Slightly as More Interest Rate Hikes Loom
The annual rate of inflation continues to moderate, the U.S. Bureau of Labor Statistics announced Tuesday, but inflation remains significantly...
Half of Americans Say They Are Worse Off Financially: Poll
Democrats are still celebrating President Joe Biden’s feisty performance during his State of the Union address earlier this week, but a new poll...
Biden’s Big State of the Union Challenge
The Covid pandemic has been quieted, the labor market is soaring and predictions of a recession are gradually giving way to optimism about a soft...
Forget About That Recession? Yellen Says Economy Remains Strong
Treasury Secretary Janet Yellen on Monday pushed back against widespread concerns that a recession is unavoidable this year. The economy is “strong...
A Shockingly Strong Jobs Report
Job creation soared in January as employers added 517,000 positions and the unemployment rate dropped to a 53-year low of 3.4%, the Bureau of Labor...
Fed Hikes Rates Again, Says More Increases Likely Even as Inflation Eases
The Federal Reserve took another step forward in its battle against inflation Wednesday as it raised a key interest rate by 25 basis points, to a...