Photo: Federal Reserve Bank Inflation remains “stubbornly high” and is no longer making much progress toward the Federal Reserve’s 2% target, a top Fed official said Wednesday, hours after price data for April were released. In an interview, Tom Barkin, president of the Federal Reserve Bank of Richmond, said he is also seeing some signs
Photo: A worker scans onions, limes, and other produce inside the Walmart Supercenter in North Bergen, N.J. Key measures of prices and wages remained high in March, keeping the Federal Reserve on track to raise interest rates next week for the 10th time since March of last year in its drive to defeat high inflation.
Americans are finally reaping some benefit from keeping their money in the bank. Banks are paying up for savers’ deposits in a much bigger way than they have in more than a decade, based on recent earnings reports from the nation’s biggest banks. After a decade of low interest rates, the Federal Reserve has unleashed
Photo: A United Parcel service driver wheels a delivery into the El Paso County, Colo. America’s employers added a solid 236,000 jobs in March, suggesting that the economy remains on solid footing despite the nine interest rate hikes the Federal Reserve has imposed over the past year in its drive to tame inflation. The unemployment
Photo: A man looks at an electronic stock board showing Japan’s stock prices at a securities firm on April 4, 2023 in Tokyo Yields rose in the U.S. bond market Friday following a highly anticipated report on the U.S. job market. The U.S. stock market was closed in observance of Good Friday, as were many
The average price predicted to drop to $30,972 this year. However, those who finance may not benefit. Arizona car buyers have been facing high prices in the used car market for more than a year, partly due to high demand and low inventory. However, there is some good news for car shoppers in 2023. As