Consumer prices rose 8.5% in July, less than expected as inflation pressures ease a bit
Prices that consumers pay for a variety of goods and services rose 8.5% in July from a year ago, a slowing pace from the previous...
Consumers expect inflation to slow down, a big win for the Fed
The consumer outlook for inflation tumbled in July amid a sharp drop in gas prices and a belief that the surges in food and housing...
Food prices fell sharply in July — but the respite may not last
Global food prices slid in July, but there are doubts over whether the good news will last as, among other things, the Russia-Ukraine grain deal...
Cash withdrawals in the UK soar as Brits grapple with the rising cost of living
Brits are using cash as a way to manage their budgets as inflation in the country is expected to peak at over 13% in October.
Fed Governor Bowman sees ‘similarly sized’ rate hikes ahead after three-quarter point moves
Federal Reserve Governor Michelle Bowman said Saturday she supports the central bank's recent big rate increases and believes they should continue.
Payrolls increased 528,000 in July, much better than expected in a sign of strength for jobs market
Nonfarm payrolls were expected to increase 258,000 in July, according to Dow Jones estimates.
Despite a strong jobs report, unemployment inched higher for Black workers in July
Black workers saw a rise in unemployment last month even as the headline number declined.
Here’s where the jobs are for July 2022 — in one chart
There was an appetite for workers particularly in the service sector, which has been grappling with labor shortages.
Is the economy in a recession? ‘What you call it is less relevant,’ says one economist: Here’s ‘what really matters’
Are we in a recession? A former chief economist at the U.S. Department of Labor and a former chair of the White House Council of...