Employers added 236,000 jobs as the Federal Reserve’s interest-rate increases appeared to take a toll. The unemployment rate fell to 3.5 percent.
Category: Interest Rates
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Latest Jobs Data Hints at a Slowdown That President Biden Needs
Robust growth in jobs has delighted the White House and helped the economy avoid a recession, but it has been accompanied by persistently high inflation.
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Latest Jobs Data Hints at a Slowdown That President Biden Needs
Robust growth in jobs has delighted the White House and helped the economy avoid a recession, but it has been accompanied by persistently high inflation.
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What to know about the latest jobs report.
The unemployment rate fell to 3.5 percent.
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The jobs numbers will factor into a complicated calculation for the Fed.
As central bankers contemplate whether to raise interest rates at their meeting in May, slowing hiring and wages may give them comfort.
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Buying or Selling a Home? Welcome to the Year of Disappointment
After a tumultuous few years, many hoped that the housing market would improve this spring. No such luck — for buyers or sellers.
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Wages May Not Be Inflation’s Cause, but They’re the Focus of the Cure
While fear of a “wage-price spiral” has eased, the Federal Reserve’s course presumes job losses and risks a recession. Some see less painful remedies.
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Concerns Grow as Tighter Lending Threatens Commercial Real Estate
The recent banking turmoil added scrutiny to a sector already weighed down by office vacancies, rising interest rates and mounting debt.
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The Fed’s Preferred Inflation Gauge Cooled Notably in February
A closely watched measure of price increases provided encouraging news as the Fed considers when to stop raising rates.
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A Federal Tool Could Soon Make It Easier to Compare Credit Cards
The Consumer Financial Protection Bureau, which already provides some card details, is asking banks for more information about who qualifies for which cards.