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Economy
Wholesale prices post unexpected decline of 0.1% in February; retail sales fall
A customer looks over merchandise at a store on March 14, 2023 in Miami, Florida.Joe Raedle | Getty ImagesWholesale prices posted an unexpected decline in February, providing some…
Moody’s Analytics’ Mark Zandi says Fed unlikely to hike rates in March given banking turmoil
Moody's Analytics chief economist Mark Zandi thinks the Federal Reserve is unlikely to raise interest rates at its March meeting as there is a "boatload of uncertainty" around the…
Inflation gauge increased 0.4% in February, as expected and up 6% from a year ago
Inflation rose in February but was in line with expectations, likely keeping the Federal Reserve on track for another interest rate hike next week despite recent banking industry…
Something broke, but the Fed is still expected to go through with rate hikes
Federal Reserve Chairman Jerome Powell testifies during the Senate Banking, Housing, and Urban Affairs Committee hearing titled The Semiannual Monetary Policy Report to the…
Just like that: Market pricing swings back to quarter-point Fed rate hike
A trader works on the floor during morning trading at the New York Stock Exchange (NYSE) on March 10, 2023 in New York City. Spencer Platt | Getty ImagesIt seemed like only…
Unemployment for Black and Hispanic women rose in February, but more workers join the labor force
Women walk past by a "Now Hiring" sign outside a store on August 16, 2021 in Arlington, Virginia.Olivier Douliery | AFP | Getty ImagesThe unemployment rate for Black and Hispanic…
Here’s where the jobs are for February 2023 — in one chart
The U.S. labor market surprised to the upside yet again in February, powered by continued strength in the service sectors of the economy.The leisure and hospitality sector added…
Payrolls rose 311,000 in February, more than expected, as jobs growth stays hot
Job creation decelerated in February but was still stronger than expected despite Federal Reserve efforts to slow the economy and bring down inflation.Nonfarm payrolls rose by…
UK economy rebounds with stronger-than-expected January GDP print
City workers in Paternoster Square, where the headquarters of the London Stock Exchange is based, in the City of London, UK, on Thursday, March 2, 2023.Bloomberg | Bloomberg |…
Job openings declined in January but still far outnumber available workers
A "Now Hiring" sign is displayed on a shopfront on October 21, 2022 in New York City.Leonardo Munoz | View Press | Corbis News | Getty ImagesJob openings declined slightly in…