Prices across a broad range of goods and services edged higher in November but were mostly in line with expectations, further easing pressure on the Federal Reserve.The consumer price index, a closely watched inflation gauge, increased 0.1% in November, and was up 3.1% from a year ago, the Labor Department...
Category: Economy
Spanish economist picked to lead the EU’s massive lending unit lays out her priorities
The incoming head of one of the world's largest development banks says it must become faster and more efficient in order to finance priorities such as the climate transition and Ukraine rebuild.Nadia Calviño, Spain's finance minister and deputy prime minister, was appointed head of the European Investment Bank Friday — in...
The runway is getting clearer, but the U.S. economy still isn’t assured of a soft landing
A UPS seasonal worker delivers packages on Cyber Monday in New York on Nov. 27, 2023.Stephanie Keith | Bloomberg | Getty ImagesNovember's solid jobs report did not assure that the economy will come in for a soft landing, but it did help to clear the runway a little more.After all,...
Here’s what the market will be looking for in Friday’s key jobs report
Amazon workers deliver packages on Cyber Monday in New York, US, on Monday, Nov. 27, 2023. Stephanie Keith | Bloomberg | Getty ImagesAt a time when the economy is supposed to be slowing, Friday's jobs report is expected to show that employers actually picked up the hiring pace in November.Not that...
Job openings slide to 8.7 million in October, well below estimate, to lowest level since March 2021
Job openings tumbled in October to their lowest in 2½ years, a sign the historically tight labor market could be loosening.Employment openings totaled a seasonally adjusted 8.73 million for the month, a decline of 617,000, or 6.6%, the Labor Department reported Tuesday. The number was well below the 9.4 million...