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SAL GUATIERI
US inflation edges higher on rents, gasoline but some relief seenU.S. consumer prices rose in April due to higher gasoline and rent costs, whilst underlying inflation remained strong due to increased used...- U.S. consumer spending rebounds, but high inflation cooling demandThe report from the Commerce Department on Friday also showed underlying inflation pressures building up last month, providing cover for th...
- POLL-Fed set for another 75-basis-point rate hike; early pivot unlikelyThe shift in expectations for the larger hike has pushed the dollar to a two-decade high against a basket of currencies. The U.S. currency ...
- Fed to slow to 50 bps hike in September; recession worries grow: PollWhile poll medians showed a terminal fed funds rate - a level at which they would peak in the current tightening cycle - of 3.50%-3.75%, ex...
- Fiscal stimulus powers U.S. economy in 2021 to its best performance since 1984The nation's gross domestic product - its total output of goods and services - expanded 5.7% in 2021. It was the strongest calendar-year gr...
- Resilient shoppers push US retail sales up 0.7% in SeptemberRetail sales rose a seasonally adjusted 0.7% in September from the month before, the U.S. Commerce Department said Friday. While that was a...
- Fed to announce QE taper in August or September on rising inflation concerns: PollA significant number of Fed watchers also said the central bank would wait until later in the year before announcing a taper, now the main ...
- US unemployment surges to a Depression-era level of 14.7%The Labor Department said Friday that 20.5 million jobs vanished in April in the worst monthly loss on record, triggered by coast-to-coast ...
- Strong U.S. job growth expected in September; wages seen risingThe U.S. economy likely created jobs at a brisk clip in September, with the unemployment rate probably falling to an 18-year low of 3.8 per...
- Expiring tax cuts pose dilemma for US lawmakersA fierce battle over taxes is likely with President Barack Obama's administration pressing for a limited extension of tax breaks for the mi...
- Slowing economic rebound raises unemployment fearsThe US economic recovery is losing so much momentum that employers are unlikely to step up hiring anytime this year, and unemployment could...
- Fed chief to throw light on monetary policy after rate hikeUS Fed chief Ben Bernanke is expected to shed light on the sudden decision to hike an emergency bank-lending rate. US bailout money | More ...
- New jobless claims dip less than expected to 570KNew jobless claims fell slightly last week while the number of people receiving unemployment benefits rose, a sign the job market's recover...
- With economy weak, low inflation likely to lastSo much for fears that flooding the economy with money to fight the financial crisis would ignite inflation. The recession is keeping a tig...
- Investor fear drives US Treasury yields to near zeroThe panic in global markets has sparked an unprecedented rush into safe US Treasury securities, driving yields on short-term government not...
- US officially in recession, but how long and how deep?The United States officially joined the ranks of the recession-hit economies, but debate is still raging on how long and how deep the downt...
- US manufacturing hits 26-year low: ISMUS manufacturing slumped to a 26-year low in November, highlighting the abrupt downturn in the world's biggest economy.
- US shrugs off slowdown fears, grows 3.5% in Q4The US economy roared back in the fourth quarter from a mid-year soft patch with a surprisingly strong 3.5% pace of expansion, the governme...
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