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US labor market shrugs off recession fears; keeps the Fed on a tightening path

US labor market remains tight despite continued claims hitting 10-month high

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Weekly jobless claims rise by 4,000 to 230,000 Continuing claims rise by 62,000 to 1.671 million WASHINGTON, Dec 8 (Reuters) – The number of Americans filing new claims for unemployment benefits increased moderately last week, indicating a still tight and strong labor market despite growing fears of a recession as the Reserve federal government is …

US labor market remains tight despite continued claims hitting 10-month high Read More »

Paul Volcker

October inflation slowed more than expected, but remains near 40-year highs. Here’s what 5 experts said about the risk of stagflation hitting the US economy

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Paul Volcker, former Fed Chairman from 1979 to 1987. Bettmann/Getty Images Inflation eased in October, but prices have been high for more than 20 months now, raising fears of stagflation. This means the economy could be hit by high unemployment, weak growth and persistent inflation – as well as a sharp drop in stocks. Here’s …

October inflation slowed more than expected, but remains near 40-year highs. Here’s what 5 experts said about the risk of stagflation hitting the US economy Read More »