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Powell says the Fed is watching for ‘clear and convincing’ signs of inflation fading.

Tue, 17 May 2022 19:25:00 GMT

Jerome Powell, the Fed chair, said the central bank is prepared to raise rates more quickly and higher if price pressures fail to fade.

Retail sales rise for the fourth straight month as prices keep climbing.

Tue, 17 May 2022 17:43:00 GMT

Gas prices cooled down slightly in April but were still at elevated levels, while oil prices remain volatile.

What Higher Interest Rates Could Mean for Jobs

Tue, 17 May 2022 09:00:00 GMT

Layoffs are up only minimally, and employers may be averse to shedding workers after experiencing the challenges of rehiring.

Treasury Secretary Yellen Looks to Get Global Tax Deal Back on Track

Mon, 16 May 2022 11:24:00 GMT

The Treasury secretary is traveling to Warsaw, Brussels and Bonn, Germany, this week at an uncertain time for the global economy.

Stocks Return to Earth, With the S&P 500 Nearing a Bear Market

Fri, 13 May 2022 21:26:00 GMT

The market has been producing double-digit returns for investors, even at moments of great national strife. But the party has ended and it may be a long time before it begins again.

Russian Shipping Traffic Remains Strong as Sanctions Take Time to Bite

Fri, 13 May 2022 15:40:00 GMT

The traffic was robust in March and April, reflecting the time it takes for sanctions to come into effect and an enduring profit motive for trading Russian energy.

Cryptocurrencies Melt Down in a ‘Perfect Storm’ of Fear and Panic

Thu, 12 May 2022 23:14:00 GMT

A steep sell-off that gained momentum this week starkly illustrated the risks of the experimental and unregulated digital currencies.

Jerome Powell Confirmed for a Second Term as Fed Chair

Thu, 12 May 2022 22:13:00 GMT

Jerome Powell, whom the Senate confirmed to a second term on Thursday, said allowing rapid inflation to persist would be more painful.

New Data Show Few Black Economists at the Fed

Thu, 12 May 2022 19:09:00 GMT

The central bank has made few strides in hiring a more racially diverse staff of economics doctorates. Entry-level jobs are a different story.

Why Union Efforts at Starbucks Have Spread Further Than at Amazon

Thu, 12 May 2022 16:07:00 GMT

Why has the union campaign spread so much further at the coffee chain than at the e-commerce giant?