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Thursday, February 2, 2023

Jeff Cox

Private payroll growth slowed to 106,000 in January as weather hit hiring, ADP says

Job creation in the private sector plunged in January as weather-related issues sent workers to the sidelines, payroll processing firm ADP reported Wednesday.Companies added just 106,000 new workers for the month, down from an upwardly revised 253,000 ...

U.S. GDP rose 2.9% in the fourth quarter, more than expected even as recession fears loom

The U.S. economy finished 2022 in solid shape even as questions persist over whether growth will turn negative in the year ahead.Fourth-quarter gross domestic product, the sum of all goods and services produced for the October-to-December period, rose ...

Atlanta Fed GDP tracker shows the U.S. economy is likely in a recession

Federal Reserve Chair Jerome Powell reacts as he testifies before a Senate Banking, Housing, and Urban Affairs Committee hearing on the "Semiannual Monetary Policy Report to the Congress", on Capitol Hill in Washington, D.C., U.S., June 22, 2022. ...

Powell tells Congress the Fed is ‘strongly committed’ to bringing down inflation

Jerome Powell, chairman of the US Federal Reserve, arrives to a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, D.C., U.S., on Wednesday, June 22, 2022.Ting Shen | Bloomberg | Getty ImagesFederal Reserve Chairman Jerome Powe...

Here are the three things the Fed has done wrong, and what it still isn’t getting right

The exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, D.C., June 14, 2022.Sarah Silbiger | ReutersAfter years of being a beacon for financial markets, the Federal Reserve suddenly finds itself second-guessed as it...

Fed promises ‘unconditional’ approach to taking down inflation in report to Congress

U.S. Federal Reserve Board Chairman Jerome Powell takes questions after the Federal Reserve raised its target interest rate by three-quarters of a percentage point to stem a disruptive surge in inflation, during a news conference following a two-day me...

Everyone knows inflation is on fire. This is what’s really fueling it

Meat is seen in a supermarket as rising inflation affects consumer prices in Los Angeles, California, June 13, 2022.Lucy Nicholson | ReutersInflation doesn't just happen at the gas pump and the grocery store. There are literally hundreds of avenues tha...

Inflation rose 8.6% in May, highest since 1981

Inflation accelerated further in May, with prices rising 8.6% from a year ago for the fastest increase since December 1981, the Bureau of Labor Statistics reported Friday.The consumer price index, a wide-ranging measure of goods and services prices, in...

Fed GDP tracker shows the economy could be on the brink of a recession

Federal Reserve Chairman Jerome Powell testifies during the House Financial Services Committee hearing titled Monetary Policy and the State of the Economy, in Rayburn Building on Wednesday, March 2, 2022.Tom Williams | CQ-roll Call, Inc. | Getty Images...

Fed Vice Chair Lael Brainard says it’s ‘very hard to see the case’ for the Fed pausing rate hikes

Federal Reserve Vice Chair Lael Brainard said Thursday that it's unlikely the central bank will be taking a break from its current rate-hiking cycle anytime soon.Though she stressed that Fed policymakers will remain data-dependent, Brainard said the mo...

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Private payroll growth slowed to 106,000 in January as weather hit hiring, ADP says

Job creation in the private sector plunged in January as weather-related issues sent workers to the sidelines, payroll processing firm ADP reported Wednesday.Companies added just 106,000 new workers for the month, down from an upwardly revised 253,000 ...