Federal Reserve Board Chair Jerome Powell holds a news conference after the Fed raised interest rates by a quarter of a percentage point following a two-day...
Category: Economy
Private payrolls surged by 296,000 in April, much higher than expected, ADP says
Hiring at private companies unexpectedly swelled in April, countering expectations for a cooling job market ahead, payroll processing firm ADP reported Wednesday. Private payrolls rose by...
Euro zone economy ekes out 0.1% growth in first quarter, misses expectations as Germany stagnates
Skyscrapers of the city center can be seen from the Lohrberg in the north of Frankfurt. Photo: Arne Dedert/dpa (Photo by Arne Dedert/picture alliance via Getty...
Key inflation gauge for the Fed rose 0.3% in March as expected
Despite a year’s worth of interest rate increases, inflation rose again in March, according to economic data released Friday that the Federal Reserve watches closely. The...