The inflation rate cooled in May to its lowest annual rate in more than two years, likely taking pressure off the Federal Reserve to continue raising...
Category: Economy
Inflation report Tuesday will be critical for the direction of Fed policy
Gas prices on a sign at a Shell gas station in San Francisco, California, US, on Tuesday, May 23, 2023. Bloomberg | Bloomberg | Getty Images...
World Bank sees major economies growing at much slower pace thanks to higher rates and banking stress
Higher rates and overhangs from this year’s banking crisis will drastically slow economic growth for the biggest global economies, the World Bank said Tuesday. The institution...
Unemployment dropped among Hispanic men and women in May but rose for Black workers
Steve Debenport | E+ | Getty Images The U.S. unemployment rate rose in May, but declined for Hispanic workers, according to the latest nonfarm payrolls report....