Browsing: Economy

The numbers: The number of Americans who applied for unemployment benefits at the end of May edged up to a one-month high of 232,000, but there’s…

JPMorgan Chase COO Daniel Pinto on Friday offered his take on the economy and the direction of U.S. interest rates. Pinto described the economy – both…

WASHINGTON (Reuters) – U.S. President Joe Biden said the bipartisan debt ceiling bill is expected to further boost the nation’s economic outlook after data released earlier…

The numbers: A key barometer of U.S. factory activity was negative for the seventh month in a row in May and pointed to an ongoing slowdown in…

By Jeff Mason and Trevor Hunnicutt WASHINGTON (Reuters) -U.S. President Joe Biden declared a “crisis averted” on Friday in his first address from the White House’s…

The amount of money banks borrowed from the Federal Reserve last week rose slightly to $97.6 billion, indicating the U.S. financial system remains under some duress.…

U.S. job growth came in stronger than expected in May, boosted by a flurry of hiring across different sectors of the economy.  Employers added 339,000 jobs…

By Nupur Anand and Lananh Nguyen NEW YORK (Reuters) – JPMorgan Chase & Co (NYSE:)’s President and Chief Operating Officer Daniel Pinto said loan demand is…

The numbers: Mortgage rates inched toward 7% as strength in the U.S. economy prompted investors to expect another rate hike by the Federal Reserve. The 30-year…

On the heels of the May jobs report, economists weighed in on what the unexpected surge in jobs really means for the U.S. economy. Former White…