The Federal Reserve holds rates steady, signaling future cuts as inflation eases and the robust US labor market continues.
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Discover why the US housing market is cooling, with sales declining and prices moderating due to high interest rates and economic shifts.
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The Federal Reserve held interest rates steady, signaling a potential end to aggressive tightening and impacting consumers, businesses, and markets.
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Explore how the U.S. labor market defies expectations, adding jobs steadily amidst inflation and interest rate hikes, showcasing economic resilience.
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WASHINGTON — A key inflation gauge accelerated in April to the highest level in three years, the latest sign that spiking gas prices and higher food costs are squeezing Americans’ finances. Inflation jumped to 3.8% in April compared with a year ago, the Commerce Department said Thursday, up from 3.5% in March and the highest since May 2023. On a monthly basis, prices rose 0.4%, down from the 0.7% jump in March. This story continues below. The report showed that prices have risen for many items in addition to gas, indicating that inflation could persist and pose…