Federal Reserve keeps interest rates at 23 year high
The Federal reserve on Wednesday announced it’s keeping its benchmark lending rates where they are.
U.S. economy
Poll: Most Americans fed up with CEO pay gap
A new poll finds Americans are fed up with the massive salary and bonuses CEOs are getting.
US inflation cooled in May in a sign that price pressures may be easing
Inflation in the United States eased in May for a second straight month, a hopeful sign that an acceleration of prices that occurred early this year may have passed.
Federal Reserve sees some progress on inflation but envisions just one rate cut this year
Federal Reserve officials said Wednesday that inflation has fallen further toward their target level in recent months but signaled that they expect to cut their benchmark interest rate just once this year.
Cost of homeownership up 26% since 2020
The hidden costs of home ownership are rising rapidly.
US gas prices are falling. Experts point to mild demand at the pump ahead of summer travel
Gas prices are once again on the decline across the U.S., bringing some relief to drivers now paying a little less to fill up their tanks.
US employers added a robust 272,000 jobs in May in a sign of sustained economic health
America’s employers added a strong 272,000 jobs in May, accelerating from April and a sign that companies are still confident enough in the economy to keep hiring despite persistently high interest rates.
First-time unemployment claims increases
First time unemployment claims are up.
Analysts: People exiting stock market in droves
The U.S. stock market is shrinking and investors are pulling their money out at a near record pace as storm clouds gather over the U.S. economy.
Biden rolls out asylum restrictions, months in the making, to help ‘gain control’ of the border
President Joe Biden on Tuesday unveiled plans to enact immediate significant restrictions on migrants seeking asylum at the U.S.-Mexico border as the White House tries to neutralize immigration as a political liability ahead the November elections.
