End of Content.
End of Content.
The president names Lael Brainard to run the National Economic Council, with other personnel moves to follow WASHINGTON—President Biden is remaking his economic team as his administration seeks to tamp down inflation, choosing officials who signal stability and continuity on the policy front ahead of his expected re-election campaign. Mr. Biden named Federal Reserve Vice Chair Lael […]
The flush savings accounts and cheap credit that helped keep Americans spending at high rates since 2020 are disappearing The engine of the U.S. economy—consumer spending—is starting to sputter. Retail purchases have fallen in three of the past four months. Spending on services, including rent, haircuts and the bulk of bills, was flat in December, […]
Underlying inflation slowed to its slowest pace since October 2021 U.S. households turned cautious at the end of last year, cutting spending during the holiday shopping season and increasing savings, adding to signs of an economic slowdown. Consumer spending fell a seasonally adjusted 0.2% in December from the prior month, the Commerce Department said Friday, […]
Quarter capped year of economic slowdown, reflecting return to more normal pace of growth. The U.S. economy grew at a solid 2.9% annual rate last quarter but entered this year with less momentum as rising interest rates and still-high inflation weighed on demand. U.S. growth in the fourth quarter was down slightly from a 3.2% […]
Central bankers point to labor market as a primary driver of high inflation A surge in hiring by American small businesses complicates the Federal Reserve’s effort to cool inflation. Small companies have been responsible for all of the net job growth in the U.S. since the onset of the Covid-19 pandemic and account for almost […]
The performer needs just two more wins to become the most-decorated artist in Grammy history. Will Beyoncé become the…
With hundreds of thousands of Russian troops now in Ukraine, officials are warning that a new Russian offensive that…
Driven by strong domestic demand, Asia’s economic growth will outpace both the US and Europe this year, according to…
Questions explained agreeable preferred strangers too him beautiful her son.