US Economy

The Federal Reserve is in the “last mile” of its inflation fight, with price pressures converging towards the U.S. central […]

NEW YORK – Rising income levels helped Americans manage their expanding debt loads during the third quarter, even as some

On Wednesday, Kansas City Federal Reserve Bank President Jeffrey Schmid said the U.S. central bank’s interest-rate cuts to date acknowledge

WASHINGTON – The U.S. budget deficit jumped nearly four-fold to $257 billion in October, a figure inflated by several one-off

After a scare earlier this year that the U.S. labor market might be cooling too fast, some Federal Reserve policymakers

WASHINGTON – U.S. consumer prices increased as expected in October amid higher costs for shelter such as rents, and progress

The Federal Reserve’s policy rate continues to act as a brake on the resilient labor market and on inflation that

U.S. consumers in October grew more confident about inflation continuing to ease and in the health of the job market,

Minneapolis Federal Reserve Bank President Neel Kashkari said he feels U.S. monetary policy is currently “modestly restrictive,” with short-term borrowing

WASHINGTON – Within weeks of Donald Trump’s 2016 election, U.S. Federal Reserve policymakers began mulling the impact of expected tax

WASHINGTON – Widespread deportation of foreign-born workers from the United States probably would disrupt some businesses. However, the impact on

NEW YORK – On Thursday, Futures on the federal funds rate, which measures the cost of unsecured overnight loans between

WASHINGTON – U.S. wholesale inventories fell more than initially thought in September amid a sharp decline in motor vehicle stocks.

WASHINGTON – U.S. mortgage rates increased to a four-month high this week and could rise further amid fears that President-elect

WASHINGTON – The number of Americans filing new applications for unemployment benefits rose slightly last week, suggesting no material change

The Federal Reserve cut interest rates by a quarter of a percentage point on Thursday as policymakers took note of

WASHINGTON – On Thursday, the Federal Reserve cut interest rates by a quarter of a percentage point as its policymakers

U.S. President-elect Donald Trump’s impending return to the White House appears to put the Federal Reserve on a slower and

The Federal Reserve has plenty of reasons to deliver a widely expected interest rate cut on Thursday, including a decline

WASHINGTON – The U.S. services sector accelerated to a more than two-year high in October as employment rebounded strongly, suggesting

New orders for U.S.-manufactured goods fell for a second straight month in September, and business spending on equipment appears to

WASHINGTON – U.S. job growth almost stalled in October as strikes in the aerospace industry depressed manufacturing employment while hurricanes

WASHINGTON – U.S. private payroll growth surged in October, despite fears of temporary disruptions from hurricanes and strikes. Private payrolls