The U.S. jobs market continues its strong comeback from the pandemic
U.S. employers added 428,000 jobs in April, as the unemployment rate held steady at 3.6%.
Federal Reserve
Stocks dive, a day after their best session in years, as economic fears intensify
The declines come a day after the Federal Reserve raised interest rates by the most in over two decades as it embarks on a high-stakes fight to bring down inflation.
The Dow rallies to its best day since 2020 after the Fed rules out larger rate hikes
Markets jumped after Fed Chair Jerome Powell said the central bank was not contemplating bigger rate hikes than the half-a-percentage-point increase it delivered on Wednesday.
The Fed raises interest rates by the most in over 20 years to fight inflation
The Federal Reserve raised interest rates by half a percentage point Wednesday, in an effort to cool off demand and lower inflation. Consumer prices have been rising at the fastest pace in 40 years.
4 things to know as the Fed embarks on its biggest fight against inflation in years
The Federal Reserve is expected to approve its largest interest rate hike in more than two decades this week. Additional rate increases are likely, as the Fed tries to regain control over inflation.
Here are 3 reasons why stocks are tanking
Stocks were pummeled on Friday with the Nasdaq slumping more than 4% to post its worst month since 2008. Why things have gotten so bad in Wall Street.
Why this economy may be sturdier than it looks
U.S. GDP shrank in the first few months of the year, but the economy may be sturdier than it looks.
Why there are growing fears the U.S. is headed to a recession
With inflation at a four-decade high, a growing number of forecasters worry the U.S. economy may be headed to a recession as the Fed gears up to raise interest rates aggressively.
How soaring inflation forces stark choices
Inflation in March was the highest since December of 1981, with prices up 8.5% from a year ago. Rising prices are especially hard on low-income people, who spend more of their money on necessities.
The Federal Reserve raises interest rates for the first time since 2018
The central bank raises its benchmark rate by a quarter percentage point in an effort to tamp down inflation. Additional rate hikes are likely in the months to come.