Did you receive an ‘inflation check’ last year? IRS is now deciding if your state’s one-time payment is taxable.
The direct payments that a number of states authorized for residents last year, while inflation raged, are presenting new questions ...
Tag: Economic Performance/Indicators
Bostic says strong jobs report may spur Fed to raise interest rates even higher
The president of the Atlanta Federal Reserve Bank said U.S. interest rates might have to rise a bit higher than ...
Bond yields climb as traders back away from Fed pivot view after strong jobs report
Bond yields continued to rise on Monday as traders assessed the likelihood that the Federal Reserve will pivot later in ...
Here’s what time the State of the Union address starts, and why you should tune in
Talk about must-see TV.President Joe Biden marks the middle of his first term on Tuesday with his second State of ...
Dow rises as stocks trim losses after blowout U.S. jobs report, disappointing corporate earnings
The Dow Jones Industrial Average shook off early weakness, while the S&P 500 index and Nasdaq Composite traded above session ...
Jobs report shows blowout 517,000 gain in U.S. employment in January
The numbers: The number of new jobs created in January rose by 517,000 to mark the biggest gain in six ...
Jobs report ‘ends U.S. recession fears’: Economists react to huge gain in employment
The January jobs report on Friday showed the U.S. economy gained 517,000 jobs last month, with the unemployment rate falling ...
Treasury yields mixed ahead of January jobs report
Short-term Treasury yields ticked higher, while longer-dated yields edged down Friday as investors awaited the January U.S. jobs report.What yields ...
U.S. likely added 187,000 jobs in January, but watch out for this wild card
The creation of new U.S. jobs likely slowed in January for the sixth month in a row, but a historically ...
Bank of England lifts key rate by a half point
The Bank of England on Thursday lifted interest rates by a half point, as it tries to quell inflation that ...
U.S. jobless claims drop to nine-month low of 183,000 even as more firms announce layoffs
The numbers: The number of Americans who applied for unemployment benefits at the end of January fell to a nine-month ...
Asian markets rise after Fed sees inflation improving
BEIJING — Asian stock markets gained Thursday after the Federal Reserve said the U.S. economy is moving toward lower inflation ...
Cathie Wood says inflation is unwinding and will surprise on the low side of expectations
“‘The bond market is basically saying the Fed is close to the end of this tightening move, and is also ...
U.S job openings climb to 11 million at end of 2022. Labor market too strong for Fed
The numbers: Job openings in the U.S. rose to a five-month high of 11 million in December, a sign the labor ...
‘It seems everyone is bracing for a recession’: U.S. factories contract for third month in a row, ISM finds
The numbers: A key barometer of American factories contracted for the third month in a row to 47.4% and touched the ...
Eurozone inflation fell more than expected in January, to the lowest rate since May 2022
Eurozone inflation eased more than expected in January, reaching an eight-month low, but price pressures persisted beyond energy as the ...
Bond investing 101: What to know as the Fed sticks to its inflation fight
Is it safe to buy bonds again?After a catastrophic year, bonds in 2023 are showing signs of promise, with investors ...
Consumer confidence slips at start of 2023 as U.S. recession worries grow
The numbers: A survey of consumer confidence slipped in January to 107.1, reflecting growing worries about a potential recession as ...
Largest U.S. wage increases were in highest-paying sectors in fourth quarter, government data show
The biggest increase in employer-paid wages in the last quarter of 2022 — a pay raise of 1.6% — was ...
U.S. employment costs rise more slowly, but still too fast for Fed comfort
The numbers: The U.S. employment cost index rose more slowly at the end of 2022 for the third quarter in ...
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U.S. egg shortage breeds chicken-feed conspiracies
Social media users claim to have found a new culprit for sky-high egg prices: chicken feed. The theory gained steam...
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