Tag Archives: the fed

[ad_1] New York CNN  —  JPMorgan Chase, Bank of America, Citigroup and asset management giant BlackRock posted results that topped Wall Street’s forecasts Friday, but investors were nonetheless a little disappointed at first. Trading was choppy, with most bank stocks falling at the open before rebounding. Shares of JPMorgan Chase …

[ad_1] CNN  —  Treasury Secretary Janet Yellen plans to stay in her Cabinet role heading into the third year of the administration, a decision she conveyed to President Joe Biden during a December conversation, according to two White House officials. Biden welcomed Yellen’s desire to stay, which comes as the …

[ad_1] Minneapolis CNN  —  The US economy added 223,000 jobs in December, according to the monthly employment report from the Bureau of Labor Statistics, capping a year of extraordinary job growth and marking the second-best year for the labor market in records that go back to 1939. The unemployment rate …

[ad_1] Minneapolis CNN  —  For a year that held promise of a return to normalcy, 2022 threw plenty of curve balls at the American consumer. Supply chains remained in disarray as ongoing snarls were drastically worsened by lockdowns in China and Russia’s invasion of Ukraine, average US gas prices shot …

[ad_1] New York CNN  —  America’s economy grew much faster than previously thought in the third quarter, a sign that the Federal Reserve’s battle to cool the economy to fight inflation t is having only limited impact. The Commerce Department’s final reading Thursday morning showed gross domestic product, the broadest …

[ad_1] A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN  —  Weaker-than-expected retail sales in November pummeled market sentiment …

[ad_1] New York CNN Business  —  The US economy grew much faster than expected in the third quarter, according to the latest gross domestic product report, which showed GDP rose by an annualized rate of 2.9%. That’s an improvement from the initial government reading in October that showed 2.6% growth …

[ad_1] CNN  —  Congressional Republicans have repeatedly blamed President Joe Biden and their Democratic counterparts for the surge in inflation and the rocky economy. But though the GOP has captured control of the House in the midterm election, albeit by a very slim margin, there’s not much the party can …

[ad_1] A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN Business  —  Tuesday’s midterm elections come at a time …

[ad_1] New York CNN Business  —  The Federal Reserve’s war on inflation isn’t just painful for home buyers and people with credit card debt. Uncle Sam is getting squeezed by higher borrowing costs, too. The cost to finance America’s growing mountain of debt is rising rapidly as the Fed scrambles …