The economy grew via the addition of 206,000 jobs in June, but unemployment was still above 4% in the same month, according to the Labor Department on Friday.
Read More Report: U.S. Job Market Weakens In June
Tag: borrowing costs
Inflation rises moderately in April, consumer spending slows
It is a worrying sign for the Fed, suggesting that the elevated pace of price increases could last longer than expected.
Read More Inflation rises moderately in April, consumer spending slows
Target lowering prices on 5,000 items in bid to lure more shoppers
Still-high food prices and borrowing costs have made cash-crunched customers more conscious of their spending on pricey items and look for cheaper products in stores and online.
Read More Target lowering prices on 5,000 items in bid to lure more shoppers
Fed to hold rates steady as inflation dims hopes for policy easing
The Fed is almost certain to hold its benchmark overnight interest rate steady, with investors placing nearly a 100% probability on that outcome.
Read More Fed to hold rates steady as inflation dims hopes for policy easing
Wall St gains from megacaps thrust; earnings, Fed comments on tap
Wall Street’s main indexes rose on Wednesday, boosted by megacap growth stocks and as corporate results rolled in.
Read More Wall St gains from megacaps thrust; earnings, Fed comments on tap
US consumer prices accelerate; seen delaying Fed rate cut
U.S. consumer prices increased more than expected in March as Americans paid more for gasoline and rental housing.
Read More US consumer prices accelerate; seen delaying Fed rate cut