ECI

US labor market resilient as recession signals strengthen

US labor market resilient as recession signals strengthen

Weekly jobless claims rise by 5,000 to 213,000 Continuing claims drop 22,000 to 1.379 million WASHINGTON, Sept 22 (Reuters) – The number of Americans filing new claims for unemployment benefits increased moderately last week, indicating that the labor market remains tight despite the Federal Reserve’s attempt to cool demand with aggressive increases in interest rates. …

US labor market resilient as recession signals strengthen Read More »

Rents and food push up consumer prices in the United States

Rents and food push up consumer prices in the United States

Join now for FREE unlimited access to Reuters.com Register The consumer price index increases by 0.1% in August Rents, food and health care explain the rise in the CPI Core CPI jumped 0.6%; increased 6.3% year-over-year WASHINGTON, Sept 13 (Reuters) – U.S. consumer prices rose unexpectedly in August and core inflation accelerated amid rising rent …

Rents and food push up consumer prices in the United States Read More »

Fed set for another 75 basis point rate hike;  early pivot unlikely: Reuters poll

Fed set for another 75 basis point rate hike; early pivot unlikely: Reuters poll

A woman holds US dollar banknotes in this illustration taken May 30, 2022. REUTERS/Dado Ruvic/Illustration Join now for FREE unlimited access to Reuters.com Register BENGALURU, Sept 13 (Reuters) – The Federal Reserve will hike interest rates another 75 basis points next week and is likely to keep its key rate steady for an extended period …

Fed set for another 75 basis point rate hike; early pivot unlikely: Reuters poll Read More »