An increase in wages amid weak hiring is prompting concern among economists about growing inflation as businesses attempt to entice employees back to work amid the COVID-19 pandemic. The Labor Department’s August jobs report showed the U.S. economy added a disappointing 235,000 jobs during the month, versus expectations of around 750,000, while the unemployment rate declined

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A number of U.S. businesses facing supply crunch-driven inflation in input costs say they expect to pass on higher prices to consumers, according to the Federal Reserve. Producer price inflation and its potential spillover onto store shelves is one the themes from the Fed’s most recent version of the “Beige

 2,223 Views

An increase in wages has prompted concerns about growing inflation among economists as businesses attempt to entice employees back to work amid the COVID-19 pandemic. It comes after the Labor Department released its disappointing August jobs report which showed the U.S. economy added just 235,000 jobs during the month, versus expectations of around 750,000,

 1,069 Views

A number of American businesses facing supply-crunch-driven inflation in input costs say they expect to pass on higher prices to consumers, according to the Federal Reserve. Producer price inflation and its potential spillover onto store shelves is one the themes from the Fed’s most recent version of the “Beige Book,”

 1,365 Views

The number of applications for home mortgages dropped last week to the lowest level since mid-July, dampened by a decline in refinancing activity and, to a lesser extent, reduced purchase applications, according to the Mortgage Bankers Association (MBA). Total mortgage application volume fell 1.9 percent last week from the week prior,

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The head of Japan’s central bank told local outlet Nikkei on Sept. 8 that accommodative monetary policy would continue even after the pandemic subsides in a bid to hit a 2 percent inflation target, a goal that has been undershot for years. Haruhiko Kuroda, Governor of the Bank of Japan,

 662 Views

The number of applications for home mortgages dropped last week to the lowest level since mid-July, dampened by a decline in refinancing activity and, to a lesser extent, reduced purchase applications, according to the Mortgage Bankers Association (MBA). Total mortgage application volume fell 1.9 percent last week from the week prior,

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Economists at Goldman Sachs Group Inc. have lowered their forecast for growth in the U.S. economy this year for a second time, citing the COVID-19 Delta variant and dwindling fiscal support and pointing to a “harder path” ahead for the American consumer than previously anticipated. In a report to clients on

 608 Views

President Joe Biden said Friday that his administration is pushing to boost gasoline deliveries to regions badly impacted by Hurricane Ida, where flooding, road closures, and downed power lines have led to gas shortages, leaving residents scrambling to find fuel for generators. Biden said at a Friday press briefing in

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Friday’s lackluster non-farm payrolls report, which showed American employers adding far fewer jobs in August than expected, is likely to cool enthusiasm among Federal Reserve policymakers for a quick roll-back of stimulus, some experts believe. The Labor Department’s jobs report, released Sept. 3, shows that non-farm payroll employment rose by 235,000 in

 566 Views