WASHINGTON — After three cuts to its key interest rate last year, Federal Reserve officials, led by Chair Jerome Powell, have signaled that they are in a new phase of watching and waiting. They’d like to see inflation fall further […]
Fed official: Need ‘dust to clear’ before deciding next moves Read More »
WASHINGTON — U.S. retail sales dropped sharply last month, in part because cold weather kept more Americans indoors, denting sales at car dealers and most other stores. Retail sales dropped 0.9% in January from the previous month, the Commerce Department
US retail sales plunged along with temperatures in January Read More »
WASHINGTON — The number of Americans applying for unemployment checks dropped last week to the lowest level since March, suggesting that suggest most workers enjoy unusual job security. Jobless claims dropped by 9,000 to 211,000 last week, the Labor Department
US unemployment claims fall to the lowest level since March Read More »
NEW YORK — Wall Street expects corporate profits to have surged in 2024 and forecasts an even stronger jump for 2025. Companies still face a long list of uncertainties in the year ahead, including economic policy shifts, reheated inflation and
Earnings growth uncertain as inflation and policy shifts weigh on corporate outlook Read More »
WASHINGTON — The number of Americans applying for unemployment benefits held steady last week, though continuing claims rose to the highest level in three years. Jobless claim applications ticked down by 1,000 to 219,000 for the week of Dec. 21,
US unemployment applications hold steady; continuing claims rise to 3-year high Read More »
One million taxpayers will automatically receive a payment from the IRS in the coming weeks, the agency recently announced. The checks, which could amount to as much as $1,400, are for those who failed to claim the Recovery Rebate Credit
1 million Americans to receive checks from the IRS. How to know if you’re eligible Read More »
WASHINGTON — An inflation gauge that is closely watched by the Federal Reserve barely rose last month in a sign that price pressures cooled after two months of sharp gains. Friday’s report from the government showed that prices rose just
Federal Reserve’s preferred inflation gauge shows price pressures eased last month Read More »
The Federal Reserve cut interest rates by a quarter of a percentage point on Wednesday, delivering relief for borrowers at the central bank’s last meeting before President-elect Donald Trump takes office next month. The central bank predicted fewer rate cuts
WASHINGTON — Federal Reserve officials on Wednesday will likely signal a slower pace of interest rate cuts next year compared with the past few months, which would mean that Americans might enjoy only slight relief from still-high borrowing costs for
The number of Americans applying for unemployment benefits rose last week but remains at historically healthy levels. Jobless claim applications rose by 9,000 to 224,000 for the week of Nov. 30, the Labor Department reported Thursday. That’s more than the
US applications for jobless benefits rise but remain at low levels Read More »
