WASHINGTON - After weeks of defending his economic policies against critics blaming them for overheating the economy, President Joe Biden went on the offensive Thursday, arguing that rising wages are a sign that his agenda is adding to the...
A key inflation indicator rose 3.1% faster than expected in April as price pressures mounted in the fast-growing US economy, the Department of Commerce reported on Friday.The core consumer spending index is expected to rise 2.9% after rising 1.9%...
The U.S. labor market approached its pre-pandemic self last week as initial jobless claims were only 406,000 for the week ending May 22, the Department of Labor reported Thursday.While this level is still well above the pre-Covid norm, it...
A slight increase in mortgage rates was enough to fuel refinancing and lower overall demand. According to the seasonally adjusted index of the Mortgage Bankers Association, the total volume of mortgage applications in the past week is down 4.2%...
A real estate agent, right, gives a tour to potential home buyers during an open house in Manhattan Beach, California.Patrick T. Fallon | Bloomberg | Getty ImagesAccording to S&P CoreLogic Case-Shiller's national property price index, property prices...
Federal Reserve Governor Lael Brainard attends a Fed Listening event at the Federal Reserve’s headquarters in Washington, DC on October 4, 2019.Eric Baradat | AFP | Getty ImagesFederal Reserve Governor Lael Brainard pushed for a digital dollar,...
Lisa Cook, Associate Professor at Michigan State University, arrives for dinner Thursday, August 23, 2018, for dinner during the Jackson Hole Economic Symposium in Moran, Wyoming, sponsored by the Federal Reserve Bank of Kansas City.David Paul Morris | ...
Daniel Acker | Bloomberg | Getty ImagesExisting home sales declined 2.7% in April through March to a seasonally adjusted annual rate of 5.85 million units, according to the National Association of Realtors.It was the third straight month...
The procession of Americans heading towards the unemployment line declined last week, and jobless claims amounted to a new low in the pandemic of 444,000, the Department of Labor reported Thursday.The economist polled by Dow Jones had expected 452,000...
The Federal Reserve is pushing ahead with its efforts to develop its own digital currency, and announced Thursday that it will publish a research paper this summer exploring the move further.Although the central bank has not made specific plans...

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