Fed to Buy a Range of Treasury Bonds to Try to Ease Jitters
WASHINGTON — The Federal Reserve will sharply increase its purchases of short-term U.S. Treasury bonds to try to ease anxiety and disruptions in the financial markets over the coronavirus outbreak.
Consumer Prices Grew 0.1% in February as Food Costs Rose
WASHINGTON — U.S. consumer prices increased slightly last month, driven higher by more expensive food.
US Businesses Add 183,000 Jobs in Sign of Pre-Virus Health
WASHINGTON — U.S. businesses added 183,000 jobs last month, a solid gain that shows the economy was largely healthy when the coronavirus outbreak spread farther around the globe.
Consumer Spending Slowed in January While Incomes Jumped
WASHINGTON — Americans pulled back on their spending in January, even as their incomes surged, a sign the economy was growing modestly before the threat of coronavirus arose.
Federal Reserve Saw Declining Recession Risk in December
WASHINGTON — The Federal Reserve’s policymaking committee saw much less risk of recession at its meeting in December, when it kept interest rates steady after three straight cuts and signaled that it expected to keep low rates unchanged through this year.
US Gains a Robust 266,000 Jobs
WASHINGTON — Hiring in the United States jumped last month to its highest level since January as U.S. employers shrugged off trade conflicts and a global slowdown and added 266,000 jobs.
Survey: Businesses Added Just 67,000 Jobs in November
WASHINGTON — U.S. companies added just 67,000 jobs in November, a private survey found, barely half the gain of the previous month.
Fed’s Powell Sees Steady Growth, Signals Pause in Rate Cuts
WASHINGTON — Federal Reserve Chairman Jerome Powell expects the U.S. economy to continue growing at a solid pace, though it still faces risks from slower growth overseas and trade tensions.
Survey: Business Hiring Falls to Seven-Year Low
WASHINGTON — A measure of hiring by U.S. companies has fallen to a seven-year low and fewer employers are raising pay, a business survey has found.
Consumer Spending Rises 0.1% in August
WASHINGTON — American consumers boosted their spending by just 0.1% in August, the smallest gain in six months, even as their incomes rose at a solid pace.