Fed officials refrained from cutting interest rates at their most recent meeting out of concern that inflation is still running over the Fed's 2% target. The stubbornness of inflation, which hasn't ...
WASHINGTON — The temporary expansions of the Earned Income Tax Credit (EITC) and the Child Tax Credit (CTC) as part of the American Rescue Plan Act of 2021 reduced child poverty in the United States ...
Core PCE prices accelerated to a 3% annual increase in December, hitting their highest level since February in a clear sign ...
WASHINGTON (AP) — A sharp slowdown in hiring poses a growing risk to the U.S. economy, Federal Reserve Chair Jerome Powell said Tuesday, a sign that the Fed will likely cut its key interest rate twice ...
The US economy added 64,000 jobs in November and lost 105,000 jobs in October, while the November unemployment rate rose to 4.6%. The data represents ongoing weakening in the labor market. Further ...
Diccon Hyatt is an experienced financial and economics reporter. He's written hundreds of articles breaking down complex financial topics in plain language, emphasizing the impact that economic ...
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