SVB’s collapse and banking stress will likely reduce GDP growth slightly, by 0.2 to 0.3 percentage points. Banks will likely be more hesitant to lend
Author: Paul Davidson, USA TODAY
Consumer price inflation rate slows to 6% in February, but prices post strong monthly gain
February CPI report shows annual inflation eased again but prices increased sharply on monthly basis. Core CPI gain slowed to 5.5%
Some economists expect Fed to keep interest rates unchanged amid Silicon Valley Bank crisis
Some economists expect the Fed to keep its key interest rate unchanged due to concerns about financial stability after the Silicon Valley Bank crisis
The Fed is hiking interest rates to tame inflation even at the risk of recession. But can it?
The Federal Reserve is risking a recession by trying to curtail wage growth and inflation. Some economists say its impact on wages may be limited.
Jobs report: Employers added 311,000 jobs in February as hiring slowed; unemployment rose to 3.6%
Labor Dept: U.S. employers added 311,000 jobs in February as hiring slowed after booming gains the prior month, jobs report shows. Unemployment rose to 3.6%.
Consumers hurt by illegal junk fees for bank accounts, loans and mortgages, CFPB report finds
The Consumer Financial Protection Bureau found Americans were hit with many junk fees for auto loans, mortgages, student loans and payday lending.
Job openings, quitting fell, layoffs rose in January as labor market cooled
Job openings declined in January while layoffs increased in signs demand for workers may be easing. The number of people quitting jobs also fell.
Jerome Powell remarks today: Fed chair testifies before Senate on inflation, speeding up rate hikes
Powell tells Congress the Fed could raise interest rates more than anticipated to tame inflation. Price increases and job growth have surged lately.
Fed will hike interest rates higher if strong job growth, inflation continue, Fed governor says
The Federal Reserve will lift interest rates more than planned if a trend of strong job growth, high inflation doesn’t reverse, a key official says.
From performing arts to theology, college grads in these majors are just scraping by
Here are 6 college majors that lead to median salaries of under $40,000 within five years of graduation. Among them: theology, psychology, hospitality