Transitory inflation talk is back. But economists say higher prices are here to stay
Global markets have taken heart in recent weeks from data indicating that inflation may have peaked, but analysts have warned against the return of the...
Elon Musk says the Fed must cut rates ‘immediately’ to stop a severe recession
In a tweet early Wednesday, Musk called on the Fed "to cut interest rates immediately" or risk "amplifying the probability of a severe recession."
Private hiring increased by just 127,000 jobs in November, well below estimate, ADP reports
Companies added just 127,000 positions for the month, a steep reduction from the 239,000 the firm reported for October
Job openings fell in October amid Fed efforts to cool labor market
The Job Openings and Labor Turnover Survey, a closely watched gauge of slack in the labor force, showed there were 10.3 million vacancies for the...
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.
Fed hikes and a stronger dollar are fueling risks of political instability in Africa
The Fed's policy tightening and a strengthening dollar are having a knock-on effect on African nations' balance sheets and public debt burdens.
Key inflation measure that the Fed follows rose 0.2% in October, less than expected
The core personal consumption expenditures price index was expected to rise 0.3% in October and 5% from a year ago, according to Dow Jones estimates.
Here are the 7 richest people in the world who haven’t signed the Giving Pledge—Jeff Bezos is No. 3
Seven of the world's 11 wealthiest people haven't signed the Giving Pledge, where signees commit to giving away at least half their wealth. Here's who...