Category : Economy news

A ‘humble’ Fed ramps up inflation forecast as prices jump

Fed Chair Jerome Powell said the central bank still expects rising inflation to subside in the coming months but underscored that he will be watching the data to see if that's wrong.

Price surge sparks new attacks on Biden but shrugs from Wall Street

A continued inflation spike could make it a lot harder for the president to push through trillions of dollars in additional federal spending.

Soaring prices draw both shrugs and screaming in Washington

A continued inflation spike could make it a lot harder for the president to push through trillions of dollars in additional federal spending.

Biden’s back door to wage hikes

Income growth has been relatively strong, particularly in the last couple of months, despite disappointing overall job growth.

Bargain hunters pounce as Trump condo prices hit decade lows

It’s a stunning reversal for a brand that once lured the rich and famous willing to pay a premium to live in a building with Trump’s gilded name on it.

U.S. adds modest 559,000 jobs, a sign of more hiring struggles

The speed of the rebound from the pandemic recession has caught employers off guard and touched off a scramble to hire.

'Hard to love it': Modest job gains leave lingering doubts about recovery

The figure will provide some relief to the White House after the April report, but it’s well short of the pace predicted by many economists earlier this year.