News
Jobless Claims Fall, Signaling Ongoing Strength in Labor Market
4+ hour, 9+ min ago (277+ words) New claims for unemployment benefits declined last week, indicating that the labor market remains resilient and demand for American workers is high. The post Jobless Claims Fall, Signaling Ongoing Strength in Labor Market appeared first on Breitbart. New claims for…...
Fed Leaves Interest Rates Unchanged
22+ hour, 19+ min ago (414+ words) The Federal Reserve held its benchmark interest rate at 3. 5 to 3. 75 percent on Wednesday and, in Kevin Warsh's first meeting as chairman, released a policy statement less than half the length of its predecessor, scrapping the forward-guidance language that had anchored…...
Business Inflation Expectations Edge Down to 2. 3%
1+ day, 2+ hour ago (246+ words) A key signal for future inflation eased in the past month, suggesting that businesses see the latest surge in prices as temporary. The Federal Reserve Bank of Atlanta's monthly survey of where businesses see inflation going showed the median expectation…...
Energy Prices Push Import Inflation Higher as Tech Costs Climb
2+ day, 3+ hour ago (667+ words) U. S. import prices rose sharply in May for the third consecutive month, driven by another surge in fuel costs and rising prices for capital goods and technology products tied to the artificial-intelligence investment boom. Import prices increased 1. 9 percent in May from…...
Breitbart Business Digest: Chasing Kevin Warsh's Invisible Dot
1+ day, 20+ hour ago (427+ words) Warsh Steps Up to the Mic He'd Rather Not Hold Kevin Warsh gaveled to order his first Federal Open Market Committee meeting as Fed chairman on Tuesday. Tomorrow he'll hold his first press conference. The most interesting thing about it…...
Breitbart Business Digest: Lower Immigration, Higher Productivity? History Says Yes.
2+ day, 19+ hour ago (209+ words) What the Yale Budget Lab Got Wrong About Immigration and Productivity If you were told that the Yale Budget Lab had studied the economic consequences of Donald Trump's immigration policies, you would probably be able to guess that it would…...
Consumer Sentiment Rises As Gas Prices Dip
5+ day, 23+ hour ago (205+ words) Consumer sentiment rose in early June as lower gas prices and easing inflation led to less dour views of current conditions and the future. The University of Michigan's preliminary June index of consumer sentiment rose 9. 2 percent to 48. 9 from 44. 8, the first…...
Europe's central bank raises rates to fight inflation from Iran war, the Fed to decide next week
1+ week, 6+ hour ago (613+ words) The European Central Bank on Thursday became the first major central bank to raise interest rates in response to the Iran war. The ECB's rate-setting council raised its benchmark rate to 2. 25% from 2%, where it had been for a year. The…...
Breitbart Business Digest: Prices Keep Rising. .. Even for the Government
6+ day, 17+ hour ago (385+ words) Different Inflation Strokes for Different Folks Inflation does not run smoothly through the economy. Don't think of it like a tap running to a basin, with the price level rising smoothly. Instead, think of it like a tide pushing up…...
Breitbart Business Digest: Here's the Good News on Inflation
1+ week, 16+ hour ago (223+ words) Inflation Hasn't Escaped the Energy Cage You already know the bad news on inflation: the May Consumer Price Index rose 4. 2 percent from a year ago. That's the worst CPI print in three years. The good news is that inflation cooled…...