Interest rates should stay around 5% for longer — even as inflation falls, top economist Jim O’Neill says
Veteran economist Jim O'Neill says central banks will need to keep interest rates up around 5% across major economies for longer than the market expects,...
Thursday’s inflation data may be low, but don’t expect the Fed to declare ‘mission accomplished’ yet
History has shown that inflation is stubborn and can last longer than expected.
Credit card balances jumped in the second quarter and are above $1 trillion for the first time
Credit card debt 30 or more days late rose to 7.2% in the second quarter, up from 6.5% in Q1 and the highest rate since...
JPMorgan backs off recession call even with ‘very elevated’ risks
Economists at the country's largest bank bailed on their recession call, joining a growing chorus that now thinks a contraction is no longer inevitable.
Black unemployment rate ticks lower in July as jobs market remains tight
The jobless rate for Black workers fell to 5.8% in July, Labor Department data showed Friday.
The story of inflation, as told through your child’s backpack
Americans are expected to spend a record amount of school supplies this year. They're feeling sticker shock as inflation continues to push up prices.
Here’s where the jobs are for July 2023 — in one chart
The health care and social assistance category grew by 87,100 jobs last month, continuing a hot streak.
The U.S. economy added 187,000 jobs in July, fewer than expected
Nonfarm payrolls were expected to increase by 200,000 in July, according to the Dow Jones consensus estimate.
Here’s everything you need to look for in Friday’s July jobs report
Wall Street expects that nonfarm payrolls increased by 200,000 in July, the smallest gain since December 2020