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Economy

WASHINGTON — Federal Reserve Chair Jerome Powell said Tuesday that if the U.

WASHINGTON — Going into Tuesday's State of the Union address, President Joe Biden sees a nation with its future aglow.

WASHINGTON — Going into Tuesday's State of the Union address, President Joe Biden sees a nation with its future aglow.

WASHINGTON — For nearly a year, the Federal Reserve has been on a mission to cool down the job market to help curb the nation's worst inflation bout in four decades.

WASHINGTON — For nearly a year, the Federal Reserve has been on a mission to cool down the job market to help curb the nation's worst inflation bout in four decades.

NEW YORK (AP) — The Federal Reserve raised its key rate by a quarter point Wednesday, bringing it to the highest level in 15 years as part of an ongoing effort to ease inflation by making borrowing more expensive.

NEW YORK (AP) — The Federal Reserve raised its key rate by a quarter point Wednesday, bringing it to the highest level in 15 years as part of an ongoing effort to ease inflation by making borrowing more expensive.

LATEST

Targeting Iran, US Tightens Iraq’s Dollar Flow, Causing Pain

BAGHDAD (AP) — For months, the United States has restricted Iraq’s access to its own dollars, trying to stamp out what Iraqi officials describe as rampant money laundering that benefits Iran and Syria.

BAGHDAD (AP) — For months, the United States has restricted Iraq’s access to its own dollars, trying to stamp out what Iraqi officials describe as rampant money laundering that benefits Iran and Syria.

Fed Lifts Rate by Quarter-Point and Signals More Hikes Ahead

WASHINGTON — The Federal Reserve extended its fight against high inflation Wednesday by raising its key interest rate by a quarter-point, its eighth hike since March.

WASHINGTON — The Federal Reserve extended its fight against high inflation Wednesday by raising its key interest rate by a quarter-point, its eighth hike since March.

Powell Likely to Stress Fed’s Inflation Fight far From Over

WASHINGTON — Inflation is cooling, and parts of the economy appear to be weakening.

WASHINGTON — Inflation is cooling, and parts of the economy appear to be weakening.

US Wage Growth Slowed in the Final Quarter of 2022

WASHINGTON — Pay and benefits for America's workers grew at a healthy but more gradual pace in the final three months of 2022, a third straight slowdown, which could help reassure the Federal Reserve that wage gains won't fuel higher inflation.

WASHINGTON — Pay and benefits for America's workers grew at a healthy but more gradual pace in the final three months of 2022, a third straight slowdown, which could help reassure the Federal Reserve that wage gains won't fuel higher inflation.

Treasury to Increase Borrowing amid Debt Ceiling Standoff

WASHINGTON — The Treasury Department said Monday it plans to increase its borrowing during the first three months of 2023, even as the federal government is bumping up against a $31.

WASHINGTON — The Treasury Department said Monday it plans to increase its borrowing during the first three months of 2023, even as the federal government is bumping up against a $31.

IMF Upgrades Outlook for the Global Economy in 2023

WASHINGTON — The outlook for the global economy is growing slightly brighter as China eases its zero-COVID policies and the world shows surprising resilience in the face of high inflation, elevated interest rates and Russia's ongoing war against Ukraine.

WASHINGTON — The outlook for the global economy is growing slightly brighter as China eases its zero-COVID policies and the world shows surprising resilience in the face of high inflation, elevated interest rates and Russia's ongoing war against Ukraine.

Lots of Sound and Fury on US Debt, but Not a Crisis — Yet

WASHINGTON — For all the sound and fury about raising the nation's debt limit, most economists say federal borrowing is not at a crisis point .

WASHINGTON — For all the sound and fury about raising the nation's debt limit, most economists say federal borrowing is not at a crisis point .

AmEx Profits Fall 9% as Customers Fall Behind on Payments

NEW YORK — American Express saw its fourth-quarter profits fall by 9%, as the credit card giant had to set aside significantly more money to cover potentially bad loans.

NEW YORK — American Express saw its fourth-quarter profits fall by 9%, as the credit card giant had to set aside significantly more money to cover potentially bad loans.
WASHINGTON — The U.S.

Crypto Firms Acted Like Banks, Then Collapsed Like Dominoes

NEW YORK — Over the past few years, a number of companies have attempted to act as the cryptocurrency equivalent of a bank, promising lucrative returns to customers who deposited their bitcoin or other digital assets.

NEW YORK — Over the past few years, a number of companies have attempted to act as the cryptocurrency equivalent of a bank, promising lucrative returns to customers who deposited their bitcoin or other digital assets.

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