Yellen Warns of Stagflationary Risk as Gas Prices Soar
Treasury Secretary Janet Yellen said Wednesday that while food and energy costs should ease eventually, much of the globe could be hit with inflation...
Treasury Secretary Janet Yellen said Wednesday that while food and energy costs should ease eventually, much of the globe could be hit with inflation...
Upward pressure on prices eased a bit in April, the Bureau of Labor Statistics announced Wednesday, providing a ray of hope that the U.S. has put the...
President Joe Biden on Tuesday called inflation “the number one challenge facing families today” and said that addressing rising prices is at the top...
The U.S. economy added 428,000 jobs in April, with the unemployment rate holding steady at a pandemic low of 3.6%, the Labor Department announced...
The Federal Reserve raised its benchmark interest rate by half a percentage point Wednesday, in a widely expected move that signals a more pronounced...
Employers posted 11.5 million jobs in March, the highest level since tracking began in 2000, the Labor Department announced Tuesday. New hirings...
The U.S. economy contracted by 0.4% in the first three months of 2022, for a growth rate of -1.4% on an annual basis, the Bureau of Economic Analysis...
The global economic outlook has “worsened significantly” since the start of the year, largely because of Russia’s war in Ukraine and the sanctions...
Inflation accelerated in March, as the consumer price index rose 8.5% on an annual basis and 1.2% on a monthly basis, the Labor Department announced...
The inflation rate hit a multi-decade high of 7.9% in February and now the Biden administration is warning that the March numbers could be even worse...