Jobless claims hit five-month low despite Fed’s efforts to slow labor market

A person arranges groceries in El Progreso Market in the Mount Pleasant neighborhood of Washington, D.C.,…

Rates raised by three-quarters of a percentage point

The Federal Reserve on Wednesday raised benchmark interest rates by another three-quarters of a percentage point…

Here’s everything the Federal Reserve is expected to do today

Construction workers outside the Marriner S. Eccles Federal Reserve Building, photographed on Wednesday, July 27, 2022…

Retail sales August 2022:

People shop at a 99 Cents retail store in the Bronx borough of New York City,…

Producer price index August 2022:

The prices that producers receive for goods and services declined in August, a mild respite from…

Inflation isn’t just about fuel costs anymore, as price increases broaden across the economy

A person shops in a supermarket as inflation affected consumer prices in New York City, June…

Inflation rose 0.1% in August even with sharp drop in gas prices

Inflation rose more than expected in August as rising shelter and food costs offset a drop…

Falling gas prices are raising hopes that inflation is slowing, New York Fed survey shows

People shop at a supermarket in Montebello, California, on August 23, 2022. Frederic J. Brown |…

Fed’s Waller sees ‘significant’ rate hike this month, backs data-dependent approach

Federal Reserve Governor Christopher Waller on Friday echoed recent sentiments from his colleagues, saying he expects…

Fed Chair Powell vows to raise rates to fight inflation ‘until the job is done’

Federal Reserve Chairman Jerome Powell in an appearance Thursday emphasized the importance of getting inflation down…

Watch Fed Chair Jerome Powell speak live in Q&A at the Cato Institute

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Fed Vice Chair Brainard vows ‘we are in this for as long as it takes’ to stop inflation

Federal Reserve Vice Chair Lael Brainard vowed Wednesday to press the fight against inflation that she…

Market bracing for another three-quarter point hike from the Fed this month

Federal Reserve Board Chairman Jerome Powell speaks during a news conference in Washington, DC, on July…

August 2022 jobs report:

Nonfarm payrolls rose solidly in August amid an otherwise slowing economy, while the unemployment rate ticked…

Jobless claims total 232,000, the lowest level in two months

Initial filings for unemployment insurance fell to their lowest level since late June last week, a…

Private payrolls grew by just 132,000 in August

A hiring sign is seen in a cafe as the U.S. Labor Department released its July…

JOLTS July 2022:

A “Now Hiring” sign is posted at a Home Depot store on August 05, 2022 in…

Fed’s Mester sees benchmark rate above 4% and no cuts at least through 2023

Loretta Mester at Jackson Hole, Wyoming David A. Grogan | CNBC Cleveland Federal Reserve President Loretta…

Fed’s Williams pushes back on expectations of a rate cut next year

John Williams, chief executive officer of the Federal Reserve Bank of New York, speaks at an…

Fed rate hikes won’t curb inflation if spending stays high, paper says

John C. Williams, president and chief executive officer of the Federal Reserve Bank of New York,…

Watch Federal Reserve Chair Jerome Powell speak live at Jackson Hole

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Powell warns of ‘some pain’ ahead as Fed fights to lower inflation

Federal Reserve Chairman Jerome Powell delivered a stern commitment Friday to halting inflation, warning that he…

Home prices fall for the first time in three years, biggest drop since 2011

An aerial view from a drone shows homes in a neighborhood on January 26, 2021 in…

Jobless claims edge lower as Fed looks to cool labor market

A “We’re Hiring” sign is posted at a Target store on August 05, 2022 in San…

Fed minutes July 2022:

Federal Reserve officials at their July meeting indicated they likely would not consider pulling back on…

Retail sales July 2022:

Shoppers leave a Nordstrom store on May 26, 2021 in Chicago, Illinois. Scott Olson | Getty…

U.S. is in housing recession, homebuilders say

A worker drills plywood on a single family home under construction in Lehi, Utah, on Friday,…

Goldman sees a ‘feasible but difficult path’ for the Fed to defeat inflation without a recession

Construction workers outside the Marriner S. Eccles Federal Reserve Building, photographed on Wednesday, July 27, 2022…

Fed’s Barkin says rate increases need to continue until inflation holds at 2%

Despite positive inflation data this week, Richmond Federal Reserve President Thomas Barkin said Friday that more…

Consumer prices rose 8.5% in July, less than expected as inflation pressures ease a bit

Prices that consumers pay for a variety of goods and services rose 8.5% in July from…