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...
Biden Warns GOP Agenda Would Bring Chaos
As Republicans and Democrats gird for a prolonged fight over the debt ceiling, President Biden on Thursday attacked the GOP for ideas that he said...
No Recession Yet: Economy Grew 2.1% in 2022
Plenty of people from Wall Street to Main Street are worried about a possible recession, but data released Thursday showed that the U.S. economy...
Inflation Drops to Lowest in More Than a Year
In the first deflationary reading since the early days of the Covid-19 pandemic, the headline consumer price index fell 0.1% in December on a monthly...
'Goldilocks’ Jobs Report Boosts Hopes for Soft Landing
The latest jobs report shows that the U.S. labor market is still going strong, even as slowing wage growth bolsters hopes that the Federal Reserve can...
Greenspan Sees Recession Ahead
Former Federal Reserve Chairman Alan Greenspan thinks the economy is headed for a rough patch. “A recession does appear to be the most likely outcome...
McCarthy Goes 0 for 6 as GOP Chaos Caucus Digs In
Groundhog Day is just over four weeks away, but Wednesday sure felt like it in the House of Representatives. For the second day in a row, Rep. Kevin...