Employers are adding jobs at a healthy clip and workers are getting inflation-adjusted wages, economists said.
/PRNewswire/ -- Higher credit costs are expected to serve as a modest headwind to U.S. bank earnings this year, according to S&P Global Market Intelligence's
Federal Reserve Chair Jerome Powell said Tuesday that the U.S. economy, while otherwise strong, has not seen inflation come back to the central bank’s goal, pointing to the further unlikelihood that interest rate cuts are in the offing anytime soon. Speaking to a policy forum focused on U.S.-Canada economic relations, Powell said that while inflation continues to make its way lower, it hasn’t moved quickly enough, and the current state of policy should remain intact. “More recent data shows...
Powell said that while inflation continues to make its way lower, the
A new jobs report is surprising economists in a good way. On Friday, the Labor Department put out new figures showing the U.S. economy added more than 300,000 jobs in March.
Speaker Mike Johnson, R-La., declared that it was the U.S.’s "biblical admonition" to help and support Israel during a Monday night speech. The House GOP leader was addressing an emergency meeting of Christians United For Israel, convened after Iran’s weekend missile attack on the Middle East American ally. "I'm going to state something that you all know – at this critical moment, the United States must show unwavering strength and support for Israel We have to make certain that the entire world...
Blockbuster job growth continues to power the U.S. economy, with the Bureau of Labor Statistics reporting 303,000 payrolls added in March. Usually, such strong growth might signal that inflation could pick up. If employers see more demand for goods and services, they need to hire more workers — and if there aren’t enough workers, they have to increase pay, which increases the overall cost of running the business. But while annual price growth, at more than 3%, remains above the Federal Reserve’s...
GAIL Porter says she can’t afford to do her stand-up show at the Edinburgh Festival Fringe. The telly presenter says the capital has become “greedy” and is stopping new talent fro
U.S. Treasury Secretary Janet Yellen met Sunday in Beijing with Chinese Premier Li Qiang and sent a message of mutual cooperation despite the nations’ differences. Yellen came to China top of mind with trade practices that put American companies and workers at an unfair competitive disadvantage. In the ornate Fujian
Following a tough few months that has seen mass layoffs, Canadian national
Fed Powell Says Progress in Reducing Inflation Stalled (Second column, 5th story, link) Related stories:Market fear signals flashing redIMF Steps Up Warning Over Spending and Ballooning DebtThe overlooked threats to global financial system Drudge Report Feed needs your support! Become a Patron
Former National Security Advisor John Bolton has urged Israel to take decisive action against Iran, following a barrage of drone and missile attacks on Saturday night. Bolton criticized President Joe Biden for encouraging Israeli restraint, calling him an “embarrassment to the United States.” “Last night, the Iranians launched 320-plus cruise and ballistic missiles and drones,” […]