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Fed report sees ‘slight or modest’ economic growth as inflation surges

Most of the U.S. has been seeing just “slight or modest” economic growth over the past two months or so, according to a Federal Reserve report released Wednesday. While all 12 Fed districts reported continued growth, the central bank’s periodic...

AdminJun 2, 2022

Finance news

Job openings show sharp decline, but still vastly outnumber available workers

A man walking a dog passes by a help wanted sign advertised along East Main Street in East Islip, New York on February 17, 2022. Newsday LLC | Newsday | Getty Images Job openings fell by nearly half a million...

AdminJun 1, 2022

Finance news

The Fed’s Mary Daly says rate hikes should continue until inflation is tamed

San Francisco Federal Reserve President Mary Daly said Wednesday she backs raising interest rates aggressively until inflation comes down to a reasonable level. Those moves likely would entail multiple 50 basis point hikes at coming meetings, then a possible rest...

AdminJun 1, 2022

Finance news

Yellen says the administration is fighting inflation, admits she was wrong that it was ‘transitory’

Treasury Secretary Janet Yellen emphasized that the White House has several strategies that will reduce inflation she conceded is too high for Americans.

AdminJun 1, 2022

Finance news

Stocks making the biggest moves midday: Ulta Beauty, Big Lots, Autodesk, Workday and more

Ulta Beauty store. Scott Mlyn | CNBC Check out the companies making headlines in midday trading Friday. Ulta Beauty — The beauty retailer surged 12.5% following better-than-expected quarterly earnings and revenue. Ulta Beauty also shared a better-than-expected outlook for the...

AdminMay 27, 2022

Finance news

CEO outlook dims sharply, with more than half expecting a recession ahead, survey shows

Corporate executives are taking a dim view of their prospects, with a majority now expecting a recession ahead, according to a closely watched business survey released Wednesday. The Conference Board measure of CEO sentiment showed that 57% of respondents expect...

AdminMay 18, 2022

Finance news

Households are now spending an estimated $5,000 a year on gasoline

A woman rides an electric bike past a gas station as current gasoline prices continues to climb close to record setting territory in Encinitas, California, May 9, 2022. Mike Blake | Reuters U.S. households are now spending the equivalent of...

AdminMay 18, 2022

Finance news

Weekly mortgage demand from homebuyers tumbles 12%, as higher interest rates take their toll

Higher mortgage interest rates are hitting homebuyer affordability hard, and that is showing up in a sharp drop in mortgage applications.

AdminMay 18, 2022

Finance news

Powell says the Fed will not hesitate to keep raising rates until inflation comes down

Jerome Powell, chairman of the U.S. Federal Reserve, arrives for a Senate Banking Committee hearing in Washington, D.C., on Thursday, July 15, 2021. Al Drago | Bloomberg | Getty Images Federal Reserve Chair Jerome Powell emphasized his resolve to get...

AdminMay 18, 2022

Finance news

Stock futures are little changed ahead of key inflation reading

Stock futures were little changed in overnight trading Tuesday ahead of a key inflation reading. Futures on the Dow Jones Industrial Average shed about 15 points. S&P 500 futures were marginally lower and Nasdaq 100 futures were near flat. The...

AdminMay 11, 2022

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Liudmila

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Category: Finance news

Fed report sees ‘slight or modest’ economic growth as inflation surges

Job openings show sharp decline, but still vastly outnumber available workers

The Fed’s Mary Daly says rate hikes should continue until inflation is tamed

Yellen says the administration is fighting inflation, admits she was wrong that it was ‘transitory’

Stocks making the biggest moves midday: Ulta Beauty, Big Lots, Autodesk, Workday and more

CEO outlook dims sharply, with more than half expecting a recession ahead, survey shows

Households are now spending an estimated $5,000 a year on gasoline

Weekly mortgage demand from homebuyers tumbles 12%, as higher interest rates take their toll

Powell says the Fed will not hesitate to keep raising rates until inflation comes down

Stock futures are little changed ahead of key inflation reading

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