US Unemployment Rate Climbs to Highest Since October 2021
Unemployment rate rose to 4.3%, up from 4.1%, and higher than economists’ expectations of 4.1%. This represents the highest jobless rate since October 2021.
US Inflation Unexpectedly Surges to 3.4 Percent as Price Pressures Persist
The U.S. annual inflation rate surged to 3.4 percent in December 2023 as price pressures continue to be sticky across the marketplace.
Fed Slashes Interest Rates by Half a Percentage Point, First Cut in 4 Years
The Federal Reserve has cut interest rates for the first time in four years after concluding its two-day policy meeting on Sept. 18, 2024.
US in Recession Since 2022 After Inflation Adjustments, New Research Shows
New research by prominent economists suggests U.S. economy has been in a recession for the last two years after inflation adjustments are taken into account.
How the Job Market Is Faring as Fed Shifts Focus to Employment
The number of job openings has declined by approximately 1.1 million since September 2023, according to the Bureau of Labor Statistics.
Federal Reserve Chairman Jerome...
Consumer Confidence Tumbles Amid Frustration Over High Prices
Consumer sentiment survey shows Americans’ confidence in the economy tumbled after two months of small gains, with frustration over high prices to blame.
Budget Deficit Jumps to $347 Billion in May as Spending, Interest Costs Soar
Eight months into 2024 fiscal year, fiscal year-to-date federal shortfall totals $1.202 trillion, compared with $1.695 trillion in entire fiscal year of 2023.
ANTONI: Debt Ceiling Deal: Slightly Good, Mostly Bad, And Definitely Ugly
Editor’s note: We aim to provide balancing perspectives on the hottest issues of the day. Below is a column from Heritage’s E.J. Antoni arguing...
Federal Reserve Leaves Interest Rates Unchanged, Signals 3 Cuts This Year
The Federal Reserve kept interest rates unchanged at the FOMC policy meeting but officials signaled that three rate cuts were still planned for this year.
Inflation Tops Market Estimates as Food, Shelter Costs Rise in September
According to BLS, the annual inflation rate slowed to 2.4 percent last month, down from 2.5 percent in August. This was above the market estimate of 2.3 percent.
