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
Gabriel T. Rubin U.S. supplier prices rose 1.1% in May from a year earlier, continuing their recent cooling pattern, the Labor Department said Wednesday. The annual rate represents a significant slowdown. The producer-price index, which general.
By Gabriel T. Rubin Worker filings for U.S. unemployment benefits increased sharply last week, a possible early sign of cooling in the strong labor market. Initial jobless claims, a proxy for layoffs, rose by 28,000 to a seasonally adjusted 261. | 09:09am