Wage Growth and Low Unemployment Underpin Solid Jobs Market

Combined with inflation that's running at the slowest pace in more than two years, today's data supports the idea that the Fed can tame price pressures without inducing a recession.

By Augusta Saraiva | August 04, 2023 at 11:39 AM

A man signs into a career fair hosted by the New Hanover NCWorks and the Cape Fear Workforce Development Board in Wilmington, North Carolina on June 20, 2023. Photographer: Allison Joyce/ Bloomberg

U.S. employment increased at a solid pace in July, while wages rose at a faster-than-expected clip, consistent with the sustained labor demand that's at the root of renewed momentum in the economy.

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Fed's Favored Price Gauge Rises at a Mild Pace

By Augusta Saraiva | July 26, 2024

The Federal Reserve's preferred measure of underlying U.S. inflation rose at a tame pace in June and consumer spending remained healthy—two encouraging…

Fed's Favored Price Gauge Rises at a Mild Pace

U.S. Economy Grew Faster Than Expected Last Quarter

By Augusta Saraiva | July 25, 2024

GDP increased at a 2.8% annualized rate, while personal spending advanced 2.3%. "This is a perfect report for the Fed."

U.S. Economy Grew Faster Than Expected Last Quarter

DOL's ESG Investing Rule Challenge Sent back to Lower Court

By Lynn Cavanaugh | July 24, 2024

Because the Supreme Court overturned 40 years of federal agency deference, the ESG case is headed back to the Texas judge who originally heard it.

DOL's ESG Investing Rule Challenge Sent back to Lower Court

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