Jobs report: One-third of the 206K adds in June were in government
The June jobs report came in at 206,000, higher than expected, though it also showed that nearly a third of those jobs were in government, while April and May reports were revised down.
U.S. economy adds 206,000 jobs; April, May revised down
U.S. employers continued to hire workers at a solid pace according to the June jobs report even as readings from April and May were revised lower, a sign that could please the Federal Reserve.
Fed's Powell: Prices are ‘back on disinflationary path,’ but more confidence is needed
Federal Reserve Chair Jerome Powell said Tuesday during a central bank forum in Portugal that recent inflation readings show "quite a bit of progress."
Inflation measure closely watched by the Fed rises 2.6% in May
The Commerce Department released an inflation gauge that is closely monitored by the Federal Reserve, providing a look at price pressures within the economy.
Fed's Bowman sees no interest rate cuts this year
Federal Reserve Governor Michelle Bowman said Tuesday that it is premature to lower interest rates until there is more evidence that inflation is cooling.
US home prices smashed another record high in April
U.S. home prices continued to soar higher April, according to data published Tuesday, as would-be homebuyers compete for a scarce number of homes for sale.
How the US national debt is keeping mortgage rates elevated
The Federal Reserve has signaled that it could cut interest rates this year, but mortgage rates could remain elevated due to the mounting national debt.
An ETF to play gold, silver, copper and everything in between
Precious metals are leading big gains for commodities this year, and some think the runway for both hard and soft assets could be the place to be until inflation cools off.
US home prices just smashed another record high as affordability crisis deepens
Buying a house just became more expensive for Americans, even as mortgage rates dropped to the lowest level in three months, according to a Redfin report.
Wholesale inflation cools more than expected in May
The Labor Department on Thursday released the closely watched producer price index, revealing that wholesale inflation cooled more than expected in May.
What sky-high borrowing costs mean for you and your money
The Federal Reserve signaled that it will keep interest rates higher for longer amid stubborn inflation, keeping borrowing costs elevated for Americans.
Fed holds rates steady at 23-year high, projects just one cut this year
Federal Reserve policymakers on Wednesday voted to keep interest rates unchanged again as inflation in the U.S. remains notably higher than their 2% target.
Inflation rises 3.3% in May, less than expected
The Labor Department on Wednesday released the closely watched May consumer price index report, revealing just how hot inflation was running last month.
The US economy is facing its 'two biggest issues' in one day. What to know
The U.S. economy faces a rare doubleheader on Wednesday, with fresh inflation data due in the morning and a Federal Reserve decision coming hours later.
Americans' inflation expectations creep higher again, key NY Fed survey shows
A New York Federal Reserve survey published on Monday found that many American consumers expect inflation to remain abnormally high in the coming years.
US job growth jumps by 272K in May while unemployment unexpectedly rises
The May jobs report released Friday provided a look at the labor market's health as the economy continues to confront high interest rates and inflation.
White-collar workers are struggling to find jobs as the labor market slows
A new report published by Vanguard shows the hiring rate for white-collar workers earning more than $100,000 has slowed to the lowest level since 2014.
Private sector job growth cools in May to 152,000, worse than expected: ADP
Hiring by private U.S. companies rose less than forecast in May, a sign that the labor market is starting to slow in the face of higher interest rates.
Americans with adjustable mortgages could soon see their payments skyrocket
Hundreds of thousands of U.S. homeowners who took out adjustable mortgages in 2019 could soon see their monthly payments skyrocket as their rates reset.
Job openings unexpectedly fall in April to lowest level in 3 years
The number of available jobs fell more than expected in April to 8.1 million, a sign the labor market is cooling in the face of higher interest rates.