Sunil Sahil

Organizations that burn through trillions of dollars every year and utilize a huge number of individuals are detailing monetary outcomes before long that will give significant insights on how the U.S. economy could act in the months to come. During a period of incredible disarray, financial backers are expecting some lucidity. Loan fees, which raise … Read more

Sign up for the On Point newsletter here.  The U.S. and China are intertwined by trade. WBUR is a nonprofit news organization. Our coverage relies on your financial support. If you value articles like the one you’re reading right now, give today. But leaders in both nations want that to change. In Washington: “We can’t build a … Read more

13 October: Annual Trend Down Despite Month-On-Month Uptick Inflation in the United States continued to edge lower last month, but at a slower than expected rate, writes Andrew Michael. Today’s figures from the US Bureau of Labor Statistics show that the consumer prices ‘all items’ index rose by 8.2% in the year to September 2022, down … Read more

The US economic outlook remains dicey as various macro and geopolitical risk factors continue to swirl, but a rebound is still intact for the current nowcast of the upcoming third-quarter GDP report, based on the median for a set of estimates compiled by CapitalSpectator.com. Today’s revision indicates a moderate 1.9% increase in Q3 GDP (seasonally … Read more

By FATIMA HUSSEINAssociated Press WASHINGTON (AP) — U.S. Treasury Secretary Janet Yellen is seeking to project confidence in the U.S. financial outlook while pledging vigilance in responding to “risks on the horizon.” She’s offering that message as global finance leaders gather in Washington to discuss the increasingly dismal view of the global economy. Yellen said … Read more

US recession news 2022: US President Joe Biden on Tuesday said that he did not anticipate a recession, but if one did occur, it would be ‘very slight’. “I don’t think there will be a recession. If it is, it will be a very slight recession. That is, we will move down slightly,” he said in … Read more

Inflation is hovering at a 40-year high, driven by steep increases in food prices, housing and utilities. The Federal Reserve is trying to bring it down by aggressively raising interest rates, even if it pushes the economy closer to a recession.  Still, prices are soaring, making it harder for many Americans to get by. The concept of … Read more

TOPLINE Technology giant Oracle laid off 201 employees from two California offices, the San Francisco Chronicle reported, making it the latest company to reassess its headcount as employers fear the economy could slide into recession.

Prices excluding food and energy increased 6.6% from year ago Shelter, food and medical care contribute most to broad rise

The rising rent and food prices reinforce expectations that the US Fed will raise interest rates again next month.