Americans earned more in interest in 2023
The Federal Reserve did not cut interest rates at its Wednesday meeting.
U.S. economy
Job openings fall to lowest level in 3 years
Job openings have fallen to the lowest level in three years.
Fed expected to hold interest rates steady
The Federal Reserve is expected to announce its interest rate decision today following a two-day meeting.
Research shows widening wealth gap in the U.S.
The average wealth gap between white families and Black and hispanic families topped one million dollars in 2022.
These are the hot new restaurants at the mall
The pandemic had an impact on nearly every aspect of daily life including the shopping mall food court.
Inflation rose faster than expected in March
Inflation remained stubbornly high last month but it hasn’t stopped Americans from spending.
FDA: 1 in 5 milk samples show traces of Bird Flu
One in five milk samples nationwide have tested positive for traces of Bird Flu, according to initial results of a Food and Drug Administration analysis.
Pending home sales surge in the U.S.
The National Association of Realtors reported home sales based on contract signing jumped in March.
Fed’s preferred inflation gauge shows price pressures stayed elevated last month
A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed’s reluctance to cut interest rates anytime soon and underscoring a burden for President Joe Biden’s re-election bid.
US growth slowed sharply last quarter to 1.6% pace, reflecting an economy pressured by high rates
The nation’s economy slowed sharply last quarter to a 1.6% annual pace in the face of high interest rates, but consumers — the main driver of economic growth — kept spending at a solid pace.
