Fed’s Neel Kashkari confident inflation can come down, but not without some pain
Minneapolis Federal Reserve President Neel Kashkari said Monday he's confident inflation will come back to normal, though it's taking longer than he expected.
Inflation outlook for consumers falls from record high, Fed survey shows
Inflation expectations over the next year fell to a median 6.3% in April, a 0.3 percentage point decrease from record high levels the previous month.
Job openings and the level of people quitting their jobs reached records in March
Employment openings exceeded the level of available workers by 5.6 million in March while a record number of people quit their jobs.
The Federal Reserve’s fight with inflation could cool the hot labor market, risking stagflation
Prices are rising as the Fed winds down a historic round of stimulus. This tightening cycle could slow jobs growth as global markets ride a...
Fears of a Fed mistake grow as this week’s anticipated interest rate hike looms
The Federal Reserve is tasked with slowing the U.S. economy enough to control inflation but not so much that it tips into recession.
U.S. GDP fell at a 1.4% pace to start the year as pandemic recovery takes a hit
Gross domestic product unexpectedly declined 1.4% in the first quarter, an abrupt reversal for an economy coming off its best performance since 1984.
The Fed’s favorite inflation gauge rose 5.2% in March as worker pay fell further behind
A measure that the Federal Reserve focuses on to gauge inflation rose at a robust pace in March.
Fed’s Bostic expresses caution about the pace of interest rate hikes
Atlanta Fed President Raphael Bostic did not commit in a CNBC to interview to what pace the Fed should take in increasing benchmark rates.
Weekly jobless claims total 184,000, just above expectations in tight labor market
Initial jobless claims last week were a bit higher than expected but still reflective of a labor market where employers are loathe to fire workers.