The White House says a primary driver of economic growth is consumer spending, and outsized gains in the housing and stock markets for some could be slowing Fed rate cuts.
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US stocks ended lower as markets weighed economic data showing rising labor costs and deteriorating consumer confidence on the eve of a key Federal Reserve policy meeting.#wallstreet #usstocks #usstockmarket #dowjones #nasdaq #standardandpoors #federalreserve #News ## #Reuters #Newsfeed Read the story here: https://reut.rs/3QruN8Tš Subscribe: http://smarturl.it/reuterssubscribeKeep up with the latest news from around the world: https://www.reuters.com/Follow Reuters on Facebook: https://www.facebook.com/ReutersFollow Reuters on Twitter: https://twitter.com/ReutersFollow Reuters on Instagram: https://www.instagram.com/reuters/?hl=en
WASHINGTON The Federal Reserve is set to announce a decision on Wednesday about whether to adjust its benchmark interest rate, just days after new government data showed that the economy is cooling off.
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Pay and benefits for Americas workers grew more quickly in the first three months of this year, a trend that could contribute to higher inflation and raise concerns about the future path of price increases at the Federal Reserve
Pay and benefits for Americas workers grew more quickly in the first three months of this year, a trend that could contribute to higher inflation and raise concerns about the future path of price increases at the Federal Reserve
US stocks ended higher, with sharp gains for Tesla and Apple leading the way, as investors looked toward what the Federal Reserve would say about the interest rate outlook after its policy meeting this week. #News #business #federalreserve #Reuters #Newsfeed Read the story here: https://reut.rs/49XXiC4 š Subscribe: http://smarturl.it/reuterssubscribeKeep up with the latest news from around the world: https://www.reuters.com/Follow Reuters on Facebook: https://www.facebook.com/ReutersFollow Reuters on Twitter: https://twitter.com/ReutersFollow Reuters on Instagram: https://www.instagram.com/reuters/?hl=en
The inflation gauge preferred by the Fed shows an elevated level of pressure on core prices for goods and services.
The inflation gauge preferred by the Fed shows an elevated level of pressure on core prices for goods and services.
A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Feds reluctance to cut interest rates anytime soon.
A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Feds reluctance to cut interest rates anytime soon and underscoring a burden for President Joe Bidens re-election bid
Fewer Americans applied for unemployment benefits last week as the labor market continues to hold up despite higher interest rates imposed by the Federal Reserve in its bid to curb inflation