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Inflation
Top Fed official sees need for more interest rate increases
WASHINGTON ((DailyNews)) — A senior Federal Reserve official said Friday that there has been little progress on inflation for more than a year...
Your tax refund could be smaller than last year. Here’s why
NEW YORK ((DailyNews)) — Expecting a tax refund? It could be smaller than last year. And with inflation still high, that money won’t...
Debt, expenses stress lower income households: AP-NORC poll
NEW YORK ((DailyNews)) — Personal finances are a major source of stress for about half of the lower income households in the U.S., a...
Asian shares fall on banking turmoil, recession worries
BANGKOK ((DailyNews)) — Shares fell Friday in Asia as worries over turmoil in the banking sector and recession risks overshadowed gains on Wall Street....
Fed raises key rate by quarter-point despite bank turmoil
WASHINGTON ((DailyNews)) — The Federal Reserve extended its year-long fight against high inflation Wednesday by raising its key interest rate by a quarter-point despite...
US jobless aid claims fell last week as layoffs remain low
Fewer Americans applied for jobless claims last week as the labor market continues to thrive despite the Federal Reserve’s efforts to cool the economy...
US inflation eases but stays high, putting Fed in tough spot
WASHINGTON ((DailyNews)) — U.S. consumer price increases eased slightly from January to February but still pointed to an elevated inflation rate that is posing...
Another US hiring surge: 311,000 jobs despite Fed rate hikes
WASHINGTON ((DailyNews)) — America’s employers added a substantial 311,000 jobs in February, fewer than January’s huge gain but enough to keep pressure on the...
Asian stocks follow Wall St lower ahead of US jobs update
BEIJING ((DailyNews)) — Asian stock markets followed Wall Street lower Friday ahead of an update on United States employment amid worries about possible further...
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