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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.
Who wouldn’t like prices to start falling? Careful what you wish for, economists say.
Wouldn’t it be great if prices actually fell? Many economists caution that consumers should be careful what they wish for.
Inflation gauge closely tracked by Federal Reserve shows price pressures easing gradually
A measure of inflation that is closely tracked by the Federal Reserve slipped in February in a sign that price pressures continue to ease.
US economic growth for last quarter revised up slightly to healthy annual rate
The U.S. economy grew at a solid 3.4% annual pace from October through December, the government said in an upgrade from its previous estimate.
Strippers’ bill of rights signed into law in Washington state
Legislation in Washington state known as the strippers’ bill of rights, which advocates say includes the most comprehensive statewide protections in the nation, was signed into law on Monday.
