A shopper takes a carton of eggs from the cooler in a grocery store in Washington, D.C., on Saturday, April 6, 2024. Tom Williams | Cq-roll Call, Inc. | Getty ImagesThe consumer price index accelerated at a faster than expected pace in March, pushing inflation higher and likely keeping the...
Gas prices are displayed at a gas station on March 12, 2024 in Chicago, Illinois. Scott Olson | Getty ImagesA closely-watched Labor Department report due Wednesday is expected to show not much progress made in the battle to bring down inflation.If so, that would be bad news for consumers, market...
A man checks the label of a vitamins jar at a Costco Wholesale store on April 3, 2024 in Colchester, Vermont. Robert Nickelsberg | Getty ImagesSmall business confidence hit its lowest level in more than 11 years for March as proprietors worried that inflation is still very much a problem.At...
The sun rises behind the Empire State Building on the day of the solar eclipse in New York City on April 8, 2024, as seen from Jersey City, New Jersey. Gary Hershorn | Corbis News | Getty ImagesToday marks a total solar eclipse that is expected to cross the United...
March's robust job gains may push the Federal Reserve into a more cautious stance regarding potential rate cuts, with conflicting signs emerging about the labor market's strength. After the Labor Department's nonfarm payrolls report Friday showed a robust gain of 303,000, futures market pricing indicated barely more than 50%...
We're Hiring, Part-time heroes wanted, sign at entrance to Target Store, Queens, New York.Lindsey Nicholson | Universal Images Group | Getty ImagesThe unemployment rate among Black Americans jumped in March, according to data released Friday by the Department of Labor.Black unemployment rose to 6.4% last month, up from 5.6%...
A McDonald's crew member prepares french fries in Miami, Florida.Getty ImagesIt's a timeless question at fast-food counters: Do you want fries with that?Responders continue answering affirmatively at a higher-than-average rate, a top potato supplier indicated. It underscores the resilience of consumer spending, even as inflation pinches pocketbooks and pandemic...
The U.S. labor market surprised economists with its strength once again, adding more than 300,000 jobs in March, with a few key sectors continuing to fuel its growth.Health care and social assistance were the top sector for job gains — a common theme in recent years — adding 81,300...
Job creation in March easily topped expectations in a sign of continued acceleration for what has been a bustling and resilient labor market.Nonfarm payrolls increased 303,000 for the month, well above the Dow Jones estimate for an increase of 200,000 and higher than the downwardly revised 270,000 gain in...
Mohamed Aly El-Erian, chief economic advisor for Allianz SE. Bloomberg | Getty ImagesThe U.S. Federal Reserve has become too data dependent and has lost sight of its overall strategy, Mohamed El-Erian, chief economic adviser at Allianz, said Friday.The economist told CNBC that a longer-term, more strategic outlook could see policymakers...