US Economy
S&P 500 hits record high as soft jobs report eases rate hike concerns
US stocks advanced to record highs as an unexpected decline in July nonfarm payrolls lowered expectations for Federal Reserve interest rate hikes.
US unexpectedly lost 23,000 jobs in July as slump in growth continues
The United States labor market suffered an unexpected setback in July as nonfarm payrolls dropped by 23,000 and previous months saw severe downward revisions.
New York Fed says US economy resilient, inflation likely peaked
New York Fed President John Williams states that the U.S. economy shows resilience with steady GDP growth. He projects inflation will begin to moderate as the Federal Reserve works toward its 2 percent target.
Prices up across US metros, but in some more than others
While national inflation rates have retreated, persistent economic pressures continue to challenge household stability across various US regions. This disparity in living costs is forcing families to adjust their long-term financial expectations.
Trump claims he loves inflation as consumer prices hit three-year high
President Trump is drawing sharp criticism from Democratic leaders after dismissing concerns over rising consumer prices, which reached their highest level in three years.
Trump sparks political outcry after claiming he loves surging inflation
President Donald Trump is facing political criticism after stating he loves the latest inflation figures. The remarks have become a focal point for Democrats ahead of the midterm elections.