Fed’s Mester backs higher interest rates until inflation begins to fade
admin The president of the Cleveland Federal Reserve said Thursday that the central bank needs to…
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U.S. unemployment claims climb to 260,000 and stick near nine-month high
The numbers: Some 260,000 people applied for unemployment benefits at the end of July, keeping…
Read MoreU.K. recession looms warns Bank of England as it hikes interest rates by most in 27 years
The Bank of England hiked interest rates by the most in 27 years on Thursday…
Read MorePelosi’s visit to Taiwan rattles global copper markets, but slowing growth in China still the bigger worry
Copper prices fell for the third straight day on Wednesday as tensions between the U.S.…
Read MoreRecession definition?Wikipedia bans edits on Recession page amid ‘nonsense’
Free online encyclopedia Wikipedia has stopped some users from making edits on the site’s “Recession”…
Read MoreOpinion: Higher prices lead to higher wages, which fuel higher prices. The Fed must break this cycle with aggressive rate increases.
CAMBRIDGE, Mass. (Project Syndicate)—Recent price- and wage-growth data make it increasingly clear that the U.S.…
Read MoreOpinion: The Fed’s inflation promises are simply not credible
With inflation running high for the last 14 months, we can sadly conclude it’s entrenched,…
Read MoreFed’s Bullard says U.S. can conquer high inflation and avoid a recession
The president of the St. Louis Federal Reserve contends the central bank can restore inflation…
Read MoreTop Fed officials say U.S. interest rates to keep rising until high inflation eases
Two top officials at the Federal Reserve on Tuesday said the U.S. central bank needs…
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‘A clear sign that the U.S. economy is not in a recession’: Economists react to blowout July jobs report
The July jobs report on Friday showed the U.S. economy gained 528,000 jobs last month,…
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