Federal Reserve Chairman Jerome Powell tests positive for Covid
Powell is experiencing "mild symptoms," according to the announcement.
Consumer prices fell 0.1% in December, in line with expectations from economists
The consumer price index was expected to decrease 0.1% on a monthly basis and increase 6.5% from a year ago in December, according to Dow...
Time for the Fed to declare victory on inflation? Not yet
The question now is how much more evidence policymakers will need to see before they take their foot off the brake.
As China reopens and data surprises, economists are starting to get less gloomy
After China's reopening and a deluge of positive data surprises, economists are upgrading their previously gloomy outlooks for the global economy.
World Bank makes big cut to its 2023 growth outlook, says globe is ‘perilously close’ to recession
The World Bank slashed its global growth forecasts from projections it made in mid-2022 on the back of what it sees as broadly worsening economic...
‘Quick and dirty’: France’s Macron expected to push through pension reforms after years of pushback
France's legal retirement age is currently 62 — lower than many developed markets, including much of Europe and the U.S.
Consumers see inflation—and spending—cooling off in the year ahead, New York Fed survey shows
The one-year inflation outlook declined to 5%, down 0.2 percentage point from the previous month and the lowest level since July 2021.
U.S. unemployment rate falls in December, but rises for Black women, Hispanic men
Those figures bucked the trend in the broader economy, which showed unemployment in the U.S. fall to 3.5%.
Nonfarm payrolls rose 223,000 in December, as strong jobs market tops expectations
Nonfarm payrolls increased by 223,000 for the month, above the Dow Jones estimate for 200,000, while the unemployment rate fell to 3.5%.