Browsing: Economy

The Federal Reserve on Wednesday raised its benchmark interest rate by 25 basis points, to a range of 5%-5.25%, close to the peak seen just before…

A recent survey found that 40% of Gen Z is counting on a “side hustle” outside their nine-to-five jobs to combat the cost-of-living crisis as a…

Investing.com — Loan officers at major banks continued to tighten corporate lending standards in the first quarter of the year, and reported an ongoing decline in…

The Federal Reserve will likely have to continue to push interest rates higher but won’t make that decision until the data prove the case for more…

A high-stakes inflation report due Wednesday is expected to show that price pressures within the economy remained strong last month despite an aggressive interest rate hike…

SAO PAULO (Reuters) – Brazilian Finance Minister Fernando Haddad ended months of uncertainty on Monday as he revealed that Gabriel Galipolo, his second-in-command at the ministry,…

Chicago Fed President Austan Goolsbee said Monday that he is getting the sense that banks are pulling back on providing credit to the economy. “I am…

Inflation rose again in April despite an aggressive interest-rate hike campaign by the Federal Reserve, indicating that strong underlying price pressures are still bubbling beneath the…

By Michael S. Derby (Reuters) – U.S. consumers said last month they expected slightly lower inflation in a year’s time, the New York Federal Reserve said…

The numbers: The U.S. created a stronger-than-expected 253,000 new jobs in April and wages rose sharply, indicating there’s still lot of demand for labor even as…