Banks have made it tougher for consumers and businesses to get loans after SVB crisis, according to Fed’s Senior Loan Officer Opinion Survey.
Author: Paul Davidson, USA TODAY
April jobs report: Employers added 253,000 jobs as hiring picked up; unemployment dipped to 3.4%
Economy added 253,000 jobs in April amid high interest rates, credit crunch, jobs report shows. Unemployment fell to 3.4%.
Federal Reserve will likely hike interest rate in May, signal pause in inflation fight
The Federal Reserve is expected to raise its key interest rate by another quarter point, then signal a long pause – if inflation eases as projected
Fed rate hikes could slow after key inflation measure eases in March, PCE data shows
Inflation slowed again March, according to the Fed’s preferred measure of price increases. But the PCE index showed core prices stayed high.
Economy grew 1.1% in first quarter but a recession could begin soon as high rates bite
Forecasters say a recession could begin as soon as the current quarter. High interest rates and inflation are starting to curtail growth.
How immigrants are driving labor force growth, easing worker shortages and inflation
Immigrants are behind most of the growth in the U.S. labor force the past few years. The trend has helped ease worker shortages and slow inflation.
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Is a recession coming? Most corporate economists don’t see a slump happening within a year.
Most economists who work for companies and trade groups no longer project a recession within a year, survey shows. But many see employment dropping.
As US job market cools, starting salaries are dropping in some sectors, payroll firm says
Salaries for new hires are slowing in sectors such as finance, real estate, insurance and tech, says payroll processor Gusto. It could ease inflation.
Retail sales fell 1% in March, more than expected, as winter spending burst loses steam
U.S. retail sales declined 1% in March amid recession worries, rising interest rates and high inflation. Economists forecast a 0.4% decline.