The US Federal Reserve's preferred inflation gauge came in slightly lower than expected in January, registering 2.8 percent growth over a year ago, according to data released Friday ahead of a key central bank rate-setting meeting next week.
The US economy grew at a significantly slower pace than initially estimated for the final months of 2025, government data showed Friday, a major downgrade that comes as fallout from war in the Middle East looms.
As the Iran war continues into its second week, markets remain unsettled by uncertainty over oil prices and inflation — two forces that ripple through the economy to affect mortgage rates.The average rate on a 30-year fixed-rate mortgage rose seven basis points to 5.98% APR in the week ending March 12, according to rates provided...
Consumer inflation in the United States remained stable at 2.4 percent in February, official data showed Wednesday, with price shocks from the US-Israel war on Iran yet to be reflected in the data.
Immigration policy. Economic uncertainty. Unemployment. Tariffs. AI.All these factors — and others — are shaping the U.S. job market right now, says Elizabeth Renter, NerdWallet’s senior economist. They’re also making finding a new job more difficult. In February, the economy lost 92,000 jobs, after adding 126,000 in January 2026. The labor market remains on uncertain...
The United States unexpectedly lost jobs in February while unemployment edged up, government data showed Friday, piling pressure on President Donald Trump's economic agenda as key midterm elections approach.