News
China's exports surge in Jan-Feb despite waning trade with the US
1+ hour, 50+ min ago (488+ words) The export figures released by China's customs agency on Tuesday were much better than economists had forecast. They far exceeded the 6.6% annual pace of growth recorded in December. Shipments to the U.S. fell 11% in January and February, narrowing from a 30% drop…...
US lost a surprising 92,000 jobs last month and unemployment rate ticked higher to 4.4%
4+ day, 3+ hour ago (582+ words) Hiring deteriorated from January, when companies, nonprofits and government agencies added a healthy 126,000 jobs, the Labor Department reported Friday. Economists had expected 60,000 new jobs in February. The surprisingly weak employment picture in February adds to the economic uncertainty over the…...
Iran attacks threaten US economy with more uncertainty around inflation, growth
1+ week, 4+ hour ago (834+ words) WASHINGTON | The U.S. and Israeli attacks on Iran add yet more question marks around a U.S. economy already buffeted by on-and-off tariffs, weak hiring, and lingering inflationary pressures. The war has already raised oil prices and could lift prices at the pump…...
US economy grows at 1.4% rate in the fourth quarter, slower than expected
2+ week, 4+ day ago (336+ words) WASHINGTON | U.S. economic growth slowed in the final three months of last year, dragged down by the six-week shutdown of the federal government and a pullback in consumer spending. The nation's gross domestic product " the output of goods and services " increased…...
Inflation rose more quickly than expected in December
2+ week, 4+ day ago (404+ words) WASHINGTON | A key inflation gauge accelerated in December to the fastest pace in nearly a year, showing how prices are still rising more quickly than most Americans would prefer " and faster than the Federal Reserve's target of 2% a year. Prices…...
Surge of 130,000 US hires last month is a stark contrast to the weak hiring of 2025
3+ week, 6+ day ago (794+ words) The unemployment rate fell to 4.3%, the Labor Department said Wednesday. The report included major revisions that reduced the number of jobs created last year to just 181,000, a third the previously reported 584,000 and the weakest since the pandemic year of 2020. The…...
Federal Reserve may keep rates unchanged for months as economy shows signs of health
1+ mon, 1+ week ago (605+ words) A key issue that Chair Jerome Powell will likely address at his news conference Wednesday is how long the Fed will remain on hold. The rate-setting committee remains split between those officials opposed to further cuts until inflation comes down,…...
Fed expected to keep rates unchanged as Chair Powell pivots back to economics
1+ mon, 2+ week ago (635+ words) The central bank's interest rate-setting committee is almost certain to keep its key short-term rate unchanged at about 3.6%, after three straight quarter-point cuts last year. Fed Chair Jerome Powell said after December's meeting that they were "well positioned to wait…...
OPED: Colorado housing market shift means buyers need to consider more than interest rates
1+ mon, 4+ week ago (224+ words) But focus too narrowly on interest rates and you miss the larger transformation under way. Colorado's housing market has fundamentally shifted from the frenzied seller's market of 2021-2023 to something approaching normal market conditions and, in some cases, tipping into buyer-friendly…...
Federal Reserve Chair Powell says DOJ has subpoenaed central bank, threatens criminal indictment
1+ mon, 4+ week ago (761+ words) The move represents an unprecedented escalation in President Donald Trump's battle with the Fed, an independent agency he has repeatedly attacked for not cutting its key interest rate as sharply as he prefers. The renewed fight will likely rattle financial…...