Jobless claims rise again in another sign that labor market is cooling
Initial claims for unemployment insurance were expected to total 240,000 for the week ended July 16, according to Dow Jones estimates.
China holdings of U.S. debt fall below $1 trillion for the first time since 2010
China's holdings of U.S. debt have fallen below $1 trillion for the first time in 12 years. Rising rates have made Treasurys potentially less attractive.
Yellen says the U.S. and its allies should use ‘friend-shoring’ to give supply chains a boost
The term draws on the concepts of "onshoring" and "nearshoring," which refer to the transferring of supply chains back home or closer to home.
Payrolls increased 372,000 in June, more than expected, as jobs market defies recession fears
Nonfarm payrolls were expected to increase by 250,000 in June, according to Dow Jones estimates.
Fed officials Waller and Bullard back another big interest rate increase in July
The Fed is well on its way to another sharp interest rate hike in July and perhaps September as well, even if it slows the...
Goldman slashes GDP forecast for the second quarter to just barely above water
Goldman sliced its outlook for second-quarter GDP to an annualized gain of just 0.7%, down from the previous expectation of a 1.9% increase.
Inflation rose 9.1% in June, even more than expected, as consumer pressures intensify
The consumer price index, soared 9.1% from a year ago, above the 8.8% Dow Jones estimate.
Fed report finds higher fears of inflation and potential recession
A Fed survey pointed to elevated recession fears along with a belief that soaring inflation will last at least through the end of the year.
U.S. recession looks likely — and there are 3 ways the economy could get hit, analyst says
The odds of the U.S. economy falling into recession by next year are greater than 50%, TD Securities said Monday, outlining three possible ways it...