Breaking News: Economy

An individual removes the nozel from a pump at a gasoline station on July 29, 2022 in Arlington, Virginia.Olivier Douliery | AFP | Getty PhotosYou would be hard-pressed now to discover a recession within the rearview mirror. What's down…

The Federal Reserve on Wednesday enacted its second consecutive 0.75 proportion level rate of interest enhance because it seeks to tamp down runaway inflation with out making a recession.In taking the benchmark in a single day borrowing…

A pedestrian carries a shopping bag while walking through Union Square on May 17, 2022 in San Francisco, California.Justin Sullivan | Getty ImagesConsumer spending held up during June's inflation surge, with retail sales rising slightly…

Drone Aerial of Downtown Charlotte, North Carolina, NC, USA Skyline.Kruck20 | Istock | Getty ImagesPowered by an economy that has hit its stride, and turbocharged by a long track record of innovation, North Carolina is America's Top…

As inflation climbs to new 40-year highs, expectations for interest rate increases from the Federal Reserve are escalating as well. With the rate-setting Federal Open Market Committee scheduled to hold a policy meeting this week ,…

Inflation accelerated further in May, with prices rising 8.6% from a year ago for the fastest increase since 1981, the Bureau of Labor Statistics reported Friday.The consumer price index, a wide-ranging measure of goods and services…

Federal Reserve Chairman Jerome Powell testifies during the House Financial Services Committee hearing titled Monetary Policy and the State of the Economy, in Rayburn Building on Wednesday, March 2, 2022.Tom Williams | CQ-roll Call, Inc.…

Inflation rose again in April, continuing a climb that has pushed consumers to the brink and is threatening the economic expansion, the Bureau of Labor Statistics reported Wednesday.The consumer price index, a broad-based measure of…

Lumber at the site of a house under construction in the Cielo at Sand Creek by Century Communities housing development in Antioch, California, U.S., on Thursday, March 31, 2022.David Paul Morris | Bloomberg | Getty ImagesBank regulators…

Similar cycles in the past often have led to recession, and Goldman thinks there's about a 35% chance of that happening in the U.S. Source link