Federal Reserve System – Page 121

Bank Stocks Bounce as Investors Rethink Economic Outlook

PacWest and Western Alliance, the banks at the center of the latest phase of the crisis, recouped a chunk of earlier losses, as robust economic data also heartened investors.

By Joe Rennison

Federal Reserve System Hiring and Promotion Inflation (Economics) Interest Rates Labor and Jobs Powell, Jerome H United States Economy Wages and Salaries

Wages Grow Steadily, Defying Fed’s Hopes as it Fights Inflation

Pay gains picked up last month, the opposite of what Federal Reserve officials are hoping for as they try to cool inflation.

By Jeanna Smialek

Federal Reserve System Hiring and Promotion Inflation (Economics) Interest Rates Labor and Jobs Powell, Jerome H United States Economy Wages and Salaries

Wages Climb Rapidly, Defying Fed’s Hopes as it Fights Inflation

Pay gains picked up last month, the opposite of what Federal Reserve officials are hoping for as they try to cool inflation.

By Jeanna Smialek

Federal Reserve System Hiring and Promotion Interest Rates Labor and Jobs Labor Department (US) Layoffs and Job Reductions Recession and Depression Unemployment United States Economy

U.S. employers added 253,000 jobs in April.

The unemployment rate fell to 3.4 percent as the labor market showed enduring strength.

By Lydia DePillis