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The Fed's Preferred Inflation Gauge Rose 5.4% in February, the Highest Since 1983
The personal consumption expenditures price index increased 5.4% from the same period in 2021, the biggest jump going back to April 1983.
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Companies Added 455,000 Jobs in March, Slightly More Than Expected, ADP Says
Private payrolls expanded by 455,000 for the month, the firm said, about in line with the Dow Jones estimate of 450,000.
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Fed's Patrick Harker Says He Thinks the U.S. Can Avoid a Recession, Even Amid Troubling Signs
Philadelphia Federal Reserve President Patrick Harker said Tuesday that he doesn’t think the U.S. is heading for recession.
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There Are Now a Record 5 Million More Job Openings Than Unemployed People in the U.S.
There were 11.27 million openings in the month, which left a record 5 million more openings than available workers.
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El-Erian Warns of ‘Cost-Of-Living Crisis,' Says Fed Rate Hikes Could Cause Recession
The Federal Reserve’s efforts to fight inflation threaten to sink the U.S. into contraction, according to economist Mohamed El-Erian.
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Powell Says ‘Inflation Is Much Too High' and the Fed Will Take ‘Necessary Steps' to Address
Federal Reserve Chairman Jerome Powell vowed tough action on inflation, which he said jeopardizes an otherwise strong recovery.
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Fed Governor Waller Says Half-Point Rate Hikes Could Be Needed as ‘Inflation Is Raging'
Fed Governor Christopher Waller said the central bank may need to enact one or more 50 basis point interest rate hikes to tame inflation.
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St. Louis Fed's Bullard Says the Central Bank Should Raise Rates Above 3% This Year
Bullard said in a statement that he would like to see the central bank’s benchmark interest rate boosted above 3% from the near-0% level where it had stood.
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Weekly Jobless Claims Total 214,000, Better Than Expected for Tight Labor Market
Initial filings for unemployment insurance totaled 214,000 for the week ended March 12, better than the Dow Jones estimate for 220,000
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Federal Reserve Approves First Interest Rate Hike in More Than Three Years, Sees Six More Ahead
The Federal Reserve on Wednesday approved its first interest rate increase in more than three years, and said it expects to keep raising through the end of the year.
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A Full Recap of the Fed's Rate Hike Decision and Powell's Market-Moving Comments
The Federal Reserve announced its latest decision on U.S. monetary policy, with the central bank raising rates for the first time since 2018.
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Retail Sales Come Up Short in February as Inflation Slows Consumer Spending
Advance retail sales grew 0.3% for the month, slightly below the 0.4% Dow Jones estimate.
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Wholesale Inflation Climbed 0.8% in February, Lower Than Estimate But Still Up 10% From Last Year
The headline producer price index rose 0.8% in February, which actually was slightly lower than the 0.9% Dow Jones estimate.
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Here's Everything the Federal Reserve Is Expected to Do at Its Meeting This Week
The Fed faces the monumental challenge of starting to undo its massive economic help at a time when conditions are far from ideal.
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Insana: Russia's Ukraine Invasion Is a Turning Point for Investors as the World Changes
Since the end of World War II, the entire economic architecture of the planet has changed.
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Household Wealth Tops $150 Trillion for the First Time Despite Surge in Debt
Household net worth in the fourth quarter eclipsed $150 trillion for the first time, rising at a healthy 8.2% pace from the previous quarter.
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Inflation Rose 7.9% in February, as Food and Energy Costs Push Prices to Highest in More Than 40 Years
The consumer price index for February was expected to rise 7.8% over the past year, according to Dow Jones estimates.
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Job Openings Hold Above 11 Million, Nearly 5 Million More Than the Total Unemployment Level
Job openings outnumbered available workers by nearly 5 million in January, the Labor Department reported Wednesday.
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China Sets GDP Target of ‘Around 5.5%' for 2022
China announced a gross domestic product growth target of “around 5.5%” for 2022, as an annual parliamentary meeting gets underway.
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Chicago Fed's Charles Evans Cautions on Inflation's Hit to Small Businesses
Even with average earnings flattening out in February, Evans said he hears from smaller companies about the challenges from cost increases.
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