Tag: US

Inflation rose more than expected in January as stubbornly high shelter prices weighed on consumers, the Labor Department reported Tuesday.

The prices consumers pay in the marketplace rose at an even slower pace than originally reported, according to closely watched revisions the government released Friday.

The number of Americans who applied for unemployment benefits in the first week of February fell by 9,000 to 218,000 and indicated that layoffs remain extremely low.

New York Community Bancorp is attempting to reassure investors about its deposits, liquidity, and governance following a week-long plunge in the company’s stock and a decision by Moody’s to cut the bank’s credit rating to junk.

Job growth posted a surprise increase in January, demonstrating again that the U.S. labor market is solid and poised to support broader economic growth.

Companies added 107,000 workers in the first month of 2024, off from the downwardly revised 158,000 in December, ADP reported Wednesday.

Sales of U.S. military equipment to foreign governments in 2023 rose 16% to a record $238 billion, the U.S. State Department said on Monday, as countries sought to replenish stocks sent to Ukraine and prepare for major conflicts.

An important inflation gauge released Friday showed that the rate of price increases cooled as 2023 came to a close.

The U.S. economy grew at a 3.3% annual rate in the fourth quarter, according to the Commerce Department.

Holiday shopping turned out even better than expected in December as shoppers picked up the pace to close out a strong 2023, the Commerce Department reported Wednesday.

The International Monetary Fund estimates that the U.S. economy has already seen about 75% of the transmission from monetary policy, the organization’s Deputy Managing Director Gita Gopinath said at the World Economic Forum on Tuesday.

Wholesale inflation as measured by the Producer Price Index rose 1% annually in December, up slightly from November’s 0.9% reading, according to data released Friday by the Bureau of Labor Statistics.

Initial jobless claims inched down by 1,000 to 202,000 in the week ended Jan. 6 , the Labor Department said Thursday.

Consumer prices rose faster in December despite falling gasoline prices, showing that the Federal Reserve’s fight to tamp down inflation still has a way to go and potentially spoiling investors’ hopes for rate cuts.

The U.S. added 216,000 jobs in December, a strong showing that surpassed many forecasts and underscored that the labor market remains resilient.

Hiring in the private sector rose at a faster than expected pace in December, closing out a strong 2023 for the resilient U.S. jobs market, ADP reported Thursday.

The U.S. military carried out retaliatory strikes against three installations in Iraq allegedly linked to Kataib Hezbollah on Monday.

The United States has finalized contracts to purchase three million barrels of oil to help replenish the Strategic Petroleum Reserve (SPR) after the largest sale in history last year, the U.S. Department of Energy said on Tuesday.

U.S. retailers saw sales during the holiday season rise 3.1%, excluding autos, over the same period a year ago, according to the latest Mastercard SpendingPulse report.

A gauge the Federal Reserve uses for inflation rose slightly in November and edged closer to the central bank’s goal.