WASHINGTON — The Federal Reserve, determined to choke off rapid inflation before it becomes a permanent feature of the American economy, is steering toward...
Americans are suffering from sticker shock.With inflation running at 8.6 percent, its fastest pace in 40 years, people are balking at the rising cost...
Broadly speaking, earnings reports have shown that profit growth continues, and results from some big firms, like Microsoft and Facebook’s parent, Meta Platforms, did...
The U.S. economy contracted in the first three months of the year, as supply constraints at home, demand shortfalls abroad and rapid inflation worldwide...
Prices for groceries, couches and rent are all climbing rapidly, and Federal Reserve officials have been warily eyeing that trend.On Wednesday, they took their...
Covid-related absences are creating headaches for businesses that were struggling to hire workers even before Omicron. Restaurants and retail stores have cut back hours....