Producer Prices Jump Most in 4½ Years as Gasoline Costs Feed Inflation
Thursday’s Labor Department report showed broad gains in goods and services, keeping another Fed rate hike in play this month.
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Weekly Jobless Claims Edge Up to 199,000 as Layoffs Stay Low
New claims rose by 1,000. The four-week average remains near historically low levels, pointing to a still-stable labor market.
Inflation Jumps to 3.7% in September as Gas Prices Surge
Consumer prices rose 0.6% in a single month, the fastest pace in a while, raising the odds of a Fed rate hike and adding pressure ahead of the midterms.
Fed Minutes Show Most Officials Expected Another Rate Hike by Year-End
The September meeting minutes, released Oct. 7, cited elevated inflation and energy prices. The 10-year Treasury yield hit its highest level since 2002.
Federal Reserve Takes Bold Step to Cut Interest Rates Amid Economic Concerns
In a decisive move, the Federal Reserve announced on Wednesday a significant reduction in interest rates as it shifts focus from inflation worries to increasing concerns about the job market. The central bank lowered its benchmark interest rate by half a percentage point, resulting in reduced borrowing costs for car loans, business financing, and credit…
Wall Street Plummets as Recession Fears Grip Global Markets
Wall Street’s major indexes suffered significant losses on Monday, fueled by mounting concerns about a potential U.S. recession following disappointing economic data from last week. The Dow Jones Industrial Average plummeted more than 1,100 points shortly after the opening bell, while the tech-heavy Nasdaq Composite tumbled nearly 5%, entering correction territory for the second time…