Fed raises rates by half a percentage point — the biggest hike in two decades — to fight inflation
Wednesday's rate hike will push the federal funds rate to a range of 0.75%-1%.
Regulators propose first major revamp to fair housing rules since 1995
The changes would tailor the Community Reinvestment Act's approach to making sure banks are not engaging in "redlining."
Worker output fell 7.5% in the first quarter, the biggest decline since 1947
Worker productivity fell to start 2022 at its fastest pace in nearly 75 years while labor costs soared.
‘Unretirement’ is becoming a hot new trend in the sizzling U.S. labor market
The level of workers who retired then came back a year later is running around 3.2%, just about where it was before the pandemic.
Payroll growth accelerated by 428,000 in April, more than expected as jobs picture stays strong
Nonfarm payrolls grew by 428,000 for the month, a bit above the Dow Jones estimate of 400,000. The unemployment rate was 3.6%.
Here’s where the jobs are — in one chart
Hiring in the manufacturing, transportation and health-care sectors helped the U.S. economy add more than 400,000 jobs in April.
Fed’s Neel Kashkari confident inflation can come down, but not without some pain
Minneapolis Fed President Neel Kashkari said Monday he's confident inflation will come back to normal, though he added it will take longer than he expected.
Inflation outlook for consumers falls from record high, Fed survey shows
Inflation expectations over the next year fell to a median 6.3% in April, a 0.3 percentage point decrease from the record high the previous month.
Inside the $23.5 million mansion poised to smash another local record in Southern California
The home's eight-figure asking price is more than double what it sold for less than six years ago.