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Hiring burst of 162,000 jobs in August puts the focus squarely back on inflation in the US
3+ hour, 26+ min ago (748+ words) By PAUL WISEMAN Associated Press A job seeker waits to talk to a recruiter at a job fair Aug. 28, 2025, in Sunrise, Fla. WASHINGTON — The U.S. labor market bounced back in August as employers added a surprising 162,000 jobs, ending a summer…...
Editorial: The US can’t fake its way out of fiscal trouble
4+ day, 19+ hour ago (203+ words) The Editors Bloomberg Opinion Secretary of the Treasury Scott Bessent listens as President Donald Trump meets with Iraq’s Prime Minister Ali al-Zaidi in the Oval Office of the White House, Tuesday, July 14, in Washington. The U.S. government, steward of the…...
‘Many’ Fed officials think higher rates will be needed if inflation stays high
2+ week, 1+ hour ago (453+ words) By CHRISTOPHER RUGABER AP Economics Writer The logo of the Federal Reserve Board of Governors is seen before a news conference with Federal Reserve Board Chairman Kevin Warsh at the Federal Reserve in Washington, Wednesday, July 29. Federal Reserve Board Chairman…...
America In Focus: US employers unexpectedly cut 23,000 jobs; mortgage rates rise again
3+ week, 5+ day ago (726+ words) By MICHELLE CHAPMAN Associated Press Mortgage rates rise again A California unemployment benefits form on July 8 in Detroit. The economy, inflation, and how those forces could impact the lives of Americans were front and center over the past week. Trips…...
Commentary: The Iran war should be the end of the Jones Act
3+ week, 5+ day ago (526+ words) Michael R. Bloomberg Bloomberg Opinion FILE - Shipping containers in the Staten Island borough of New York are seen below the shipping terminal in Elizabeth, N.J., April 22, 2026. The Iran war has provided at least two clear economic lessons. It has exposed the steep…...
Wall Street week ahead: inflation, retail sales updates
3+ week, 5+ day ago (240+ words) Financial information is displayed on the screen on the floor of the New York Stock Exchange, Friday, Aug. 7, in New York. The reports help give investors and economists a better sense of where prices are moving on a wide range…...
Commentary: The Fed needs to start listening to normal people
4+ week, 1+ day ago (471+ words) Claudia Sahm Bloomberg Opinion Federal Reserve Board Chairman Kevin Warsh speaks at a news conference at the Federal Reserve in Washington, Wednesday, July 29, 2026. In his campaign to remake the Federal Reserve, Chair Kevin Warsh has engaged what he calls the…...
Fed leaves interest rate unchanged but with 3 dissents as Warsh praises ‘good family fight’
1+ mon, 5+ day ago (669+ words) By PAUL WISEMAN AP Economics Writer Federal Reserve Board Chairman Kevin Warsh speaks at a news conference at the Federal Reserve in Washington, Wednesday, July 29, 2026. The Fed’s rate-setting committee reached its decision after two days of deliberations, marking the fifth…...
Pennsylvania’s unemployment rate down to 4.1% in June
1+ mon, 2+ week ago (277+ words) WILKES-BARRE — Pennsylvania’s unemployment rate was down one-tenth of a percentage point over the month to 4.1% in June. The PA rate remained one-tenth of a percentage point below the U.S. unemployment rate of 4.2%, which was also down a tenth of…...
Massive AI buildout poses latest inflation threat as consumers pay more for laptops and electricity
1+ mon, 3+ week ago (830+ words) By CHRISTOPHER RUGABER Associated Press Massive buildout sending prices up A shopper looks over Apple MacBook laptops on display in a Costco warehouse on June 2 in Sheridan, Colo. Federal Reserve Chairman Kevin Warsh speaks during a news conference following the…...