Yes, inflation is down. No, the Inflation Reduction Act doesn’t deserve the credit
WASHINGTON Even President Joe Biden has some regrets about the name of the Inflation Reduction Act: As the giant law turns 1 on Wednesday, it s increasingly clear that immediately curbing prices was
Return of student loan payments could weaken economy
WASHINGTON The reprieve is over. Just as the American economy is struggling with high inflation and interest rates, the coming resumption of student loan payments poses yet another potential challen
April hiring gains reflect resilient US job market
WASHINGTON America s employers added a healthy 253,000 jobs in April, evidence of a labor market that still shows surprising resilience despite rising interest rates, chronically high inflation and
US adds 236,000 jobs despite Fed hikes
WASHINGTON America s employers added a solid 236,000 jobs in March, suggesting that the economy remains on solid footing despite the nine interest rate hikes the Federal Reserve has imposed over the
A surprising burst of US hiring in January: 517,000 jobs
WASHINGTON For nearly a year, the Federal Reserve has been on a mission to cool down the job market to help curb the nation s worst inflation bout in four decades.
US economy slowed but still grew last quarter
WASHINGTON The U.S. economy expanded at a 2.9% annual pace from October through December, ending 2022 with momentum despite the pressure of high interest rates and widespread fears of a looming rece
Another month of solid US hiring suggests more big Fed hikes
WASHINGTON America s employers slowed their hiring in September but still added 263,000 jobs, a solid figure that will likely keep the Federal Reserve on pace to keep raising interest rates aggressi
Hints of cooling prices, but Fed vows firm inflation stance
WASHINGTON Inflation eased last month as energy prices tumbled, raising hopes that the surging costs of everything from gasoline to food may have peaked.
US employers add 528,000 jobs in July
WASHINGTON U.S. employers added an astonishing 528,000 jobs last month despite flashing warning signs of an economic downturn, easing fears of a recession and handing President Joe Biden some good n
US added 428,000 jobs in April despite surging inflation
WASHINGTON America s employers added 428,000 jobs in April, extending a streak of solid hiring that has defied punishing inflation, chronic supply shortages, the Russian war against Ukraine and much