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Fed faces fire on multiple fronts
Business

Fed faces fire on multiple fronts

Emma Loop -
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Applicants line up at a job fair at the Ocean Casino Resort in Atlantic City N.J., on April 11, 2022. Applications for jobless aid for the week ending July 9 rose by 9,000 to 244,000, up from the previous week's 235,000, the Labor Department reported Thursday, July 14, 2022. First-time applications generally reflect layoffs. Analysts had expected the number to remain flat from the previous week.
News

Jobless claims rise as labor market starts to cool

Zach Halaschak -
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White House press secretary Karine Jean-Pierre speaks during a press briefing at the White House, Thursday, April 6, 2023, in Washington.
News

White House pushes back on Fed staff’s recession prediction

Zach Halaschak -
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FILE-In this Wednesday, May 9, 2012, file photo, David Lee holds on to his carts while shopping at a Costco Wholesale in Portland, Ore. A steep drop in gasoline costs drove down a measure of U.S. wholesale prices in May by the most since July 2009. But outside the food and energy categories, prices increased moderately. (AP Photo/Rick Bowmer, File)
News

Inflation plummets to 2.7% in March in producer price index

Zach Halaschak -
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FILE - In this Friday, July 12, 2013, file photo, shoppers peruse the aisles at a Wal-Mart in Bristol, Pa. Americans increased their spending at an annual rate of just 1.8 percent in the April-June quarter, down from a 2.3 percent rate in the January-March period. Consumer spending is expected to improve in the second half of the year. But most economists foresee only a slight acceleration to an annual rate of 2 percent to 2.5 percent. (AP Photo/Matt Rourke, File)
Business

Why the drop in March inflation isn’t quite the ‘progress’ touted by Biden

Joseph Lawler -
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Federal Reserve Chairman Jerome Powell speaks during a news conference at the Federal Reserve Board building in Washington, Wednesday, July 27, 2022.
Business

Fed staff predicts recession this year

Zach Halaschak -
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Inflation dropped to 5% in year ending in March, lowest since spring 2021
Economy

Inflation dropped to 5% in year ending in March, lowest since spring 2021

Joseph Lawler -
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Federal Reserve Board Chair Jerome Powell speaks during a news conference at the Federal Reserve, Wednesday, March 22, 2023, in Washington.
Economy

March jobs report raises the risk of a major mistake by the Federal Reserve

Zach Halaschak -
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Vice President-elect Mike Pence will attend the House Republicans weekly conference meeting Thursday. (AP Photo/Carolyn Kaster)
Beltway Confidential

Mike Pence is open to reforming Fed dual mandate to focus on inflation

Tiana Lowe Doescher -
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Employment growth slows with 236,000 jobs in March
Economy

Employment growth slows with 236,000 jobs in March

Zach Halaschak -
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