An inflation measure watched by the Fed eases to 5.5%
Friday’s report from the Commerce Department showed that prices rose 5.5% in November from a year earlier, down from a revised 6.1% increase in October and the smallest gain since October 2021.
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The rise in gross domestic product—the economy’s output in goods and services—marked a return to growth after consecutive drops in the January-March and April-June periods.
Dealmaking slips by almost a third in 2022 marked by volatility, inflation
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Key inflation gauge sees smallest monthly rise in more than year
The report, the last of 2022, points to inflation that—while much too high—is beginning to ease.
Pace of wholesale inflation in U.S. shows 5th straight slowdown
The latest year-over-year figure was down from 8% in October and from a recent peak of 11.7% in March.
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Inflation gauge tracked by the Fed slows to still-high 6%
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U.S. upgrades 3Q economic growth estimate to 2.9% rate
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U.S. monthly job openings dip to still-high level
The Federal Reserve is closely monitoring the figures on job openings and quits for signals about the strength of the job market.
U.S. consumer confidence falls for second month
A rising number of households are stepping up their use of credit cards—or “buy now, pay later” plans—to keep up with higher prices.
U.S. business equipment orders rebounded sharply in October
The data suggest companies are largely adhering to capital spending plans as they seek to improve productivity and help counter lingering cost pressures.
Target’s 3Q profit drops 52% as shoppers force price cuts
The retailer voiced caution about its sales and profit during the fourth quarter because customers have been waiting for sales rather than buying goods at full price, and finding ways to cut down on spending in other ways as well.
U.S. economy headed for slowdown, investment strategist says
Speaking at an IBJ economic forecast event Monday, a Fifth Third Bank economist said the chance of heading into another recession is “literally a toss-up, a coin flip.”
Kelley School economic forecast underscores uncertainty for 2023
The annual Business Outlook forecast from Indiana University Kelley School of Business, released Thursday, says predictions are tougher than usual to make due to aggressive increasing of interest rates by the Federal Reserve.
U.S. services gauge hits lowest level since May 2020 as orders cool
U.S. service providers expanded in October at the slowest pace since May 2020 as orders growth and business activity moderated, suggesting the broader economy continues to cool.
U.S. manufacturing nears stagnation as price gauge hits 2-year low
Ten manufacturing industries reported a contraction in October, led by furniture, wood products, paper products and textiles. Eight industries expanded.
U.S. job openings rise to 10.7M in bad news for inflation fight
U.S. job openings rose unexpectedly in September, suggesting that the American labor market is not cooling as fast as the inflation fighters at the Federal Reserve hoped.