The Fed held interest rates as inflation shows signs of cooling
The Federal Reserve held interest rates steady today, amid signs of cooling inflation. Policymakers also offered some forecasts of what might be in store next year.
Economy
Inflation is down as gas and grocery prices fall
Inflation dipped to 3.1% last month — less than half what it was at the beginning of the year. Falling gasoline prices helped to offset rising rents and medical bills last month.
Inflation continues to moderate thanks to a big drop in gas prices
Consumer prices rose 3.1% in November from a year ago, marking a more moderate pace of inflation thanks in large part to falling gasoline prices.
U.S. Department of Labor to report on November's inflation rate
The Labor Department reports on November's inflation rate this morning. It comes just ahead of a Federal Reserve rate-setting meeting.
The economy is a trouble spot for Biden despite strong signs. Here's why
Despite job growth, low unemployment and record spending, Americans are in a sour mood about the economy — and that could spell trouble for President Biden's reelection chances.
Unemployment down as UAW and Hollywood actors return from strikes
U.S. employers added 199,000 jobs in November, as the unemployment rate fell to 3.7%. The resolution of the UAW and Hollywood actors' strikes helped to boost those numbers.
Labor Department releases November jobs report
U.S. employers added 199,000 jobs in November, higher than the 150,000 jobs created in the previous month.
The labor market stays robust, with employers adding 199,000 jobs last month
U.S. employers added 199,000 jobs in November, higher than the 150,000 jobs created in the previous month, reflecting in part the return of striking UAW and Hollywood workers.
People can do more with lump sum of money than payments, experiment in Kenya suggests
The first results are in from a charity experiment in Kenya. Those who got a lump sum of money were far more likely to start a business — and earn more — compared to those who got monthly payments.
The U.S. supports China's growth if it 'plays by the rules,' commerce secretary says
China's president says success for the U.S. and China can be mutually beneficial. U.S. Commerce Secretary Gina Raimondo says that the reality is a bit more complicated than that.