Consumer prices rose 0.1% in May, their lowest annual pace of increase in two years as lower energy contributed to the easing, the Labor Department reported on Tuesday. Year over…
Tag: economy
US rate hike expected despite crisis of confidence after third bank failure
The US central bank is widely expected on Wednesday to raise its main interest rate for the tenth consecutive month in the continuing battle against inflation, despite worries over the…
First Republic Bank shares plunge 60%
Shares of First Republic Bank plunged nearly 60% in premarket trading on Monday, even after the regional lender announced measures to bolster its balance sheet. Shares of other regional banks…
The US economy added 311,000 jobs in February
The US economy added 311,000 jobs in February, according to the Labor Department’s monthly employment snapshot released Friday. That’s a retracement from January’s successful jobs report, when a revised 504,000…