By Gwynn Guilford Worker filings for U.S. unemployment benefits held steady last week, remaining slightly above historic lows as the labor market cools. Initial jobless claims, a proxy for layoffs, remained at a seasonally adjusted 262,000 last.
In March 2022, the United States Federal Reserve began a series of aggressive rate hikes in an effort to tame an 8.5% year-over-year inflation rate1 that peaked at 9.1%, the highest rate in roughly. | June 14, 2023
By Gwynn Guilford Inflation has been cut by more than half from last year s peak, but remains far above what Fed officials meeting this week would like to see. (END) Dow Jones Newswires 06-13-23 0847ET.
U.S. May Consumer Prices Increase 4.0% From Year Earlier — Update morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.