The Federal Reserve hiked interest rates by by three-quarters of a percentage point to try and contain inflation. Summary The Federal Reserve hiked interest rates by three-quarters of a percentage point to try and contain inflation. …
Tag: economy
The US economy contracted in the first quarter, raising fears of a recession. Summary The US economy unexpectedly contracted 1.4 percent in the first quarter, raising fears of a recession. The contraction surprised economists who expected …
The US economy gained 431,000 jobs in March, according to Friday’s latest job report. Summary The US economy added 431,000 jobs last month, the March jobs report from the Labor Department said Friday. The job growth …
Prices surged again in January as the inflation rate accelerated at its fastest pace since 1982. Summary Consumer prices surged 7.5 percent in January 2022 compared with January 2021 – the highest jump in prices year-over-year …
Prices rose 7 percent in December, the fastest inflation pace in 40 years. Summary The consumer-price index, the government measurement that tracks the prices of goods and services, increased 7 percent in December 2021 compared to …
Inflation hits a 39-year high in November. Some analysts are spinning it as positive news for 2022. Summary November’s inflation rate rose to its highest rate in nearly 40 years, with an annualized rate of 6.8%. …