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Economy grew faster than expected in third quarter
The U.S. economy grew faster than expected in the third quarter, driven by robust consumer spending, but momentum appears to have faded.
MD joins states suing to block CFPB defunding under Trump
A coalition of states, including Maryland, filed a lawsuit seeking to prevent the Trump administration from defunding the CFPB.
Annual consumer inflation moderates in November amid missing data
U.S. consumer prices increased less than expected in the year to November, but Americans continued to face affordability challenges.
Divided Fed lowers rates, signals pause and one 2026 cut as growth rebounds
The Federal Reserve cut interest rates but signaled a likely pause as policymakers await clearer data on jobs and inflation.
Fed likely to lower borrowing costs this week, but follow-up rate cuts face longer odds
The Fed faces a contentious meeting that will test Chair Jerome Powell's ability to corral support for a third straight interest rate cut.
Job openings barely budged in October, coming in just below 7.7M
U.S. job openings barely budged in October, coming in at 7.7 million with ongoing uncertainty over the direction of the American economy.
Supreme Court seems likely to back Trump’s power to fire independent agency board members
The Trump administration's push to expand control over independent federal agencies comes before a sympathetic Supreme Court.
US Treasury secretary takes aim at Fed’s interest rate control system
Treasury Secretary Scott Bessent says the Fed's complex rate system needs simplification from challenges and large balance sheets.
Delayed report finds employers added surprisingly solid 119,000 jobs in September
U.S. employers added a surprisingly solid 119,000 jobs in September, according to a key economic report delayed by the government shutdown.
Labor Department won’t release full October jobs report due to federal shutdown
The Labor Department said it will not be releasing a full jobs report for October because of the 43-day federal government shutdown.
Banks and retailers run short on pennies as US Mint stops making them
A nationwide penny shortage sparked by Trump’s production halt is forcing retailers to round down, ration coins and plead for exact change.
Fed cuts key rate yet Powell says future reductions are not locked in
The Fed cut its key interest rate for a second time this year as it seeks to shore up economic growth and hiring even as inflation stays elevated.
