Author: Paul Davidson, USA TODAY

PCE inflation, a measure tracked closely by the Federal Reserve, picked up in July. A core reading stayed elevated.

Return to office mandates are rising as COVID eases, Labor Day approaches. Amazon and Meta are among firms requiring it. Many employees are resisting

Powell at Jackson Hole: Fed chief says officials could raise interest rates again if the economy doesn’t cool.

Federal Reserve rate hikes hamper economy in the long run by reducing innovation, says a paper presented at a Fed conference in Jackson Hole, Wyoming

U.S. employment in March was revised down by 306,000, mostly reflecting somewhat lower job growth in the prior 12 months. Job gains were still strong

A growing number of economists who forecast a recession believe the U.S. can achieve a ‘soft landing,’ or a gradual slowdown that avoids a downturn.

Employers added 187,000 jobs in July amid high interest rates and inflation. Unemployment fell to 3.5%

Hiring has been solid despite Fed rate hikes in part because state and local governments are finally raising pay more sharply and adding workers.

Fitch downgraded the nation’s blue-chip credit rating a notch, citing the impasse in Congress over raising the U.S. debt ceiling and mounting debt.

An inflation measure tracked by the Fed eased in June to a more than 2-year low. A core reading was elevated but also pulled back significantly.