The U.S. economy witnessed a hefty increase of 336,000 new jobs last month, marking the strongest job growth since January, according to the latest report by the Bureau of Labor Statistics.
Read More New Report Shows 336K New Jobs Added To U.S. Economy, Defying Expectations
U.S. Treasury Secretary Janet Yellen says she is very confident that the economy can achieve a soft landing amidst worries of a possible recession. But Reagan economist Dr. Arthur Laffer says that she is missing the point entirely.
Read More Reagan Economist Dr. Laffer Sounds Alarm Bells On Long-Term U.S. Economic Health
The Federal Reserve raised interest rates to a 22-year high on Wednesday, following a brief break in rises during the central bank’s attempts to keep unprecedented inflation under control.
Read More Federal Reserve Hikes Interest Rates To 22-Year High
The Federal Reserve resumed its aggressive rate hikes to tackle inflation, raising the interest rate by a quarter-point today.
Read More Federal Reserve Raises Interest Rates Again, Highest in 22 Years – Expert Analysis Follows
The Federal Reserve presents its semi-annual Monetary Policy Report.
Read More Fed chairman: More interest rate hikes likely this year
Inflation cools to 4%, that’s the lowest in 2 years, but it’s still well above the pre-pandemic average and the Fed’s target rate of 2%.
Read More Inflation cools, but still well above the Federal Reserve’s target rate of 2%