Minneapolis Federal Reserve President Neil Kashkari said on Friday that the U.S. Warnings that inflation will rise are not supported by any evidence and are tantamount to ‘ghost stories’. Kashkari said in an essay posted on his regional bank’s website that the debate, which has been going on since 2008, …
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Digits: New applications for unemployment benefits fell sharply last week to an epidemic low, but the overall decline was a big change in how data is reported rather than finding more people in jobs. No progress has been made in the absence of change in the labor market. Initial job …
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So just how important was Federal Reserve President Jerome Powell’s speech on inflation? In the speech that markets eagerly awaited, Powell announced that the Fed would target inflation at an average of 2% over time, and that the central bank would not feel obligated to raise interest rates if it …
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LAKE CHARLES, La. – One of the strongest hurricanes to ever hit the U.S., Laura stormed Louisiana on Thursday, tearing down roofs and killing at least six people while cutting a destructive path hundreds of miles into the country. A full assessment of the damage caused by the Category 4 …
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The numbers: New unemployment benefits fell to just over $ 1 million in late August, resuming a downward trend, perhaps signaling the resumption of a slow or painful recovery in the U.S. labor market. Initial unemployment claims, a rough measure of redundancies, were rejected by 98,000 to 1 million in …
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