The Chicago Federal Reserve president warned that the persistent combination of energy shocks and stubborn inflation could push the U.S. economy into a “stagflationary” direction.
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The board of governors voted 3-2 to reduce the overnight interest-rate target by a quarter of a percentage point to 6.5%, a four-year low. Source […]
Hotel housekeepers, commuter rail workers and nurses are among the unionized workers who have notched big wage gains. Source link
U.S. jobless claims rose last week but were still relatively low, signaling employers held back from widespread layoffs. Source link
