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Fed issues report to Congress ahead of Chairman Powell testimony next weekThe Federal Reserve issued a report to Congress on Friday ahead of two days of testimony by Chairman Jerome Powell to the panels in the Senate and House. In its…

LATEST NEWSHow high will the interest rates go up in 2023?In the late 1970s, Congress passed a law that clarified the mission of the Federal Reserve to focus on four primary goals: full employment, economic growth, price stability, and a…

US labor market powers ahead, but wage growth loses steamThe US economy added jobs at a solid clip in December, pushing the unemployment rate back to a pre-pandemic low of 3.5% as the labor market remains tight, but Federal Reserve…

Ten housing markets expected to grow in 2023The top ten metro areas posed to see their housing markets grow over the next year will do so thanks to their "solid mix of local economic conditions, proximity to larger employment centers,…

What was behind the fall in retail sales in November?Retail sales in November fell more than expected, but the biggest decrease in 11 months could be down to a couple different factors. One theory is that US consumers got started on…

Markets betting that Federal Reserve will be able to avoid recessionThe Federal Reserve began raising interest rates in March to tackle rampant inflation,  which was expected. However, when policymakers jacked rates by three-quarters of…

What sectors added the most jobs in November? Last week, the Bureau of Labor Statistics released the November Jobs Report, which showed that the economy added 263,000 jobs, with the overall unemployment rate remaining constant at 3.7…

Good news for Biden in November jobs reportThe US Bureau of Labor Statistics released the November jobs report on Friday showing that the US economy continues to perform strongly. Non-farm payrolls increased by 263,000, higher than the…

What are the main causes of inflation in the US?​​​​​​​Inflation is decreasing, but consumer prices remain almost eight percent higher than they were a year ago. For many families, this news is troubling as the holiday season approaches,…

Consumers tighten belts ahead of ThanksgivingExperts are expecting consumers to start cutting back on essentials including certain food products which have risen sharply during the past 12 months.The Producer Price Index, which measures…