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Fed sees soft landing as silver lining of temp jobs decline

The drop in temp workers is being viewed as an indication that the Fed is making progress in its bid to ease a taut jobs market just enough to head off inflationary wage increases without triggering widespread layoffs.

US inflation and consumer spending cooled in December

The pullback in consumer spending will likely be welcomed by Fed officials, who are seeking to cool the economy by making lending increasingly expensive.

US economy slowed but still grew at 2.9 percent rate last quarter

The economy’s expected slowdown is an intended consequence of the Federal Reserve’s aggressive series of rate hikes.

Cost-of-living crisis overshadows climate, Davos report says

Climate change is the global economy’s biggest long-term challenge but one the world is least prepared to tackle because of short-term problems led by a cost-of-living crisis, the World Economic Forum said in a report Wednesday.

Larry Edelman
Federal Reserve hammers home its message: Rates won’t drop any time soon
In a speech, Boston Federal Reserve president Susan M. Collins is latest central bank leader to say there’s a long way to go in the fight against inflation.

Wholesale inflation in US slowed further in December to 6.2 percent
The ongoing slowdown in wholesale price growth is adding to evidence that the worst bout of inflation in four decades is steadily easing, though it remains far above the Federal Reserve’s target of 2 percent.

Latest Headlines in Economy

Republicans ‘won’t budge’ on lifting federal debt ceiling, powerful GOP representative says

Republicans “campaigned on the the fact that we were going to be serious about spending cuts,” said Representative James Comer, who heads the House Oversight Committee.

Treasury secretary tells Congress US expected to hit debt limit Thursday

In a letter to House and Senate leaders, Yellen said her actions will buy time until Congress can pass legislation that will either raise the debt limit or suspend it again for a period of time.

Larry Edelman

Inflation is retreating — though it doesn’t feel that way

The rise in consumer prices slowed for a sixth straight month, but the cost of living remains painfully high. What does this mean for the Fed?

Cost-of-living crisis overshadows climate, Davos report says

The report says the biggest challenges over the next decade involve the environment, yet more immediate challenges are distracting world leaders.

Larry Edelman

Inflation is cooling off. Will the Federal Reserve ease up on rate hikes?

Home prices and apartment rents are losing altitude. A gallon of gas is cheaper than it was before Russia invaded Ukraine. Price-elevating shortages are largely a thing of the past. What does this all mean to the central bank?

Egg price relief coming as US demand softens

A historic avian flu outbreak caused an egg shortage across the country and led to egg prices skyrocketing. Midwest large eggs saw a price decrease to $4.63 from a record high of $5.46 a dozen in December.

Inflation in Europe slows again, hitting 9.2 percent in December

The latest numbers are a sign that the worst might be over for weary consumers battling with the surging cost of living.

Another strong month of hiring would put Fed in tough spot

Economists have forecast that employers added 200,000 jobs last month and that the unemployment rate remained at 3.7 percent, near a half-century low, according to the data provider FactSet.