US Economic Growth Slows, , Jobless Claims Fall ... Businesses anticipated weaker demand due to higher borrowing costs. Reuters reports that disregarding "inventories, government and trade ...
U.S. hiring slowed in March as the once rock-solid labor market began to soften in the face of high interest rates and stubborn inflation. Employers added 239,000 jobs in March, the Labor ...
Hours worked rose 3%. U.S. real gross domestic product expanded at a 1.1% annual rate, down sharply from 2.6% growth in the fourth quarter. Unit-labor costs, a key measure of wages ...
The US central bank has pushed interest rates to more than 4.75%, from near zero last March, moving aggressively to try to slow the ... low borrowing costs had fuelled growth - have been growing ...
March's slowdown in job creation and wage growth could cause the central bank to gauge that the labor market no longer threatens to drive up inflation and could sway it toward a more dovish ...
A slowdown in job growth and pay raises could help the Fed reach its 2% inflation target. In April, it was 4.9%.
But retail sales declined in February and March, while wage gains are slowing and most of the boost to income from social benefits has faded, setting up consumer spending on a slow growth path in ...
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Economists expect rents to fall, based on new leases, but that shift has been slow to filter through to existing leases. Used car prices leaped 4.4% after as a flurry of wholesale cost increases ...
The US central bank has pushed interest rates to more than 4.75%, from near zero last March, moving aggressively to try to slow the ... low borrowing costs had fuelled growth - have been growing ...
WASHINGTON (Reuters) - U.S. economic growth slowed more than expected in ... of weaker demand later this year amid higher borrowing costs. The first decline in private inventories in 1-1/2 years ...
The US central bank has pushed interest rates to more than 4.75%, from near zero last March, moving aggressively to try to slow the ... low borrowing costs had fuelled growth - have been growing ...
