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Economy
Watch Fed Chair Jerome Powell speak on the economy and monetary policy
Federal Reserve Chair Jerome Powell is slated to speak Wednesday at the Brookings Institution.His comments will come as investors look for clues on future monetary policy moves by…
Job openings fell in October amid Fed efforts to cool labor market
Workers sort packages at a FedEx Express facility on Cyber Monday in Garden City, New York, on Monday, Nov. 28, 2022.Michael Nagle | Bloomberg | Getty ImagesJob openings dipped in…
Private hiring increased by just 127,000 jobs in November, well below estimate, ADP reports
Private hiring slowed sharply during November in a sign that the historically tight labor market could be losing some steam, according to a report Wednesday from payroll processing…
Transitory inflation talk is back. But economists say higher prices are here to stay
Prices of fruit and vegetables are on display in a store in Brooklyn, New York City, March 29, 2022.Andrew Kelly | ReutersGlobal markets have taken heart in recent weeks from data…
How Atlanta’s growing economy burned low-income renters and homebuyers
Metro Atlanta is on a hot streak.More than 6 million people now live in the region, according to recent Census Bureau estimates. Experts say that's about a 50% increase from 20…
Fed’s Waller says he’s open to a half-point rate hike at December meeting
Christopher Waller testifies before the Senate Banking, Housing and Urban Affairs Committee during a hearing on their nomination to be member-designate on the Federal Reserve Board…
The world needs more economic alliances than security ones, analyst says
Countries should strike up more economic alliances than security and defense ones, as those could make the world "more dangerous," the president of the Center for China and…
Household debt soars at fastest pace in 15 years as credit card use surges, Fed report says
Luis Alvarez | Digitalvision | Getty ImagesHouseholds increased debt during the third quarter at the fastest pace in 15 years due to hefty increases in credit card usage and…
Wholesale prices rose 0.2% in October, less than expected, as inflation eases
Wholesale prices increased less than expected in October, adding to hopes that inflation is on the wane, the Bureau of Labor Statistics reported Tuesday.The produce price index, a…
Fed Vice Chair Brainard says it may ‘soon’ be appropriate to move to slower pace of rate hikes
Federal Reserve Vice Chair Lael Brainard indicated Monday that the central bank could soon slow the pace of its interest rate increases.With markets expecting a likely step down in…