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Fed says interest rates will stay at two-decade high until inflation further cools
The Federal Reserve said it doesn’t plan to cut interest rates until it has “greater confidence” that price increases are slowing sustainably to its 2% target.
Job openings fall to 8.5 million in March, the lowest level in over 3 years
U.S. jobs openings slid in March to the lowest level in more than three years but stayed at historically high levels.
Workers’ paychecks grew faster in first quarter, a possible concern for Fed
Pay and benefits for America’s workers grew more quickly in the first three months of this year, a trend that could contribute to higher inflation.
Affluent older Americans are driving economy and likely delaying need for Fed rate cuts
Benefiting from outsize gains in the stock and housing markets, older Americans are accounting for a larger share of consumer spending than ever before.
Fed’s preferred inflation gauge shows price pressures stayed elevated in March
A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March.
US growth slowed sharply last quarter, reflecting economy pressured by high rates
The nation’s economy slowed sharply last quarter to a 1.6% annual pace in the face of high interest rates.
Fed’s Powell: Elevated inflation will likely delay rate cuts this year
Federal Reserve Chair Jerome Powell cautioned that persistently elevated inflation will likely delay any Fed interest rate cuts until later this year.
How immigrant workers have helped boost job growth and stave off a recession
Millions of jobs that new immigrants have been filling in the United States appear to solve a riddle that has confounded economists for at least a year.
Higher gas and rents keep inflation elevated, likely delaying Fed rate cuts
Consumer inflation remained persistently high in March, boosted by gas, rents, auto insurance and other items, the government said.
Credit unions are using AI to automate loan approvals
In a world where financial disparities loom large, a new player has emerged with the potential to level the playing field.
Credit cards from credit unions often come with better rates, services
According to a CFPB study, credit card interest rates at credit unions and small banks are lower than those of the 25 largest credit card companies.
Another month of robust job growth points to continued economic strength
America’s employers delivered another outpouring of jobs in March, adding a sizzling 303,000 workers to their payrolls.
