Fed ready to raise interest rates if inflation continues to run high, minutes show

Federal Reserve officials at their meeting earlier this month expressed concern about inflation, saying they would be willing to raise interest rates if prices continue to rise. The committee, which sets interest rates for the Fed on Wednesday, released the minutes of the November session, where it first signaled that it could call back all … Read more

The number of unemployed has reached its lowest level since 1969

Last week’s unemployment applications totaled 199,000, adjusted for seasonal fluctuations, the lowest level since 15 November 1969. Benefit claims jumped to millions in March 2020 when the pandemic caused the U.S. economy to shut down. During the 20 months since then, the damage has decreased more or less continuously. They peaked at 6.15 million in … Read more

Inflation fell in the third quarter. But it’s still really loud

A key target for inflation grew at an annual rate of 5.3% in the third quarter, data from the Bureau of Economic Analysis showed on Wednesday. It is compared to one increase of 6.5% in the second quarter. This is good news for consumers, but even with the decline in the personal consumption index, prices … Read more

Weekly unemployment applications post an astonishing drop to 199,000, the lowest level since 1969

The number of those submitting applications for unemployment fell to their lowest level in more than 52 years last week, the Ministry of Labor reported on Wednesday. New applications totaled 199,000, a number not seen since November 15, 1969, when claims amounted to 197,000. The report easily beat Dow Jones estimates of 260,000 and was … Read more

The Covid wave threatens Europe’s economic recovery

Until now, the new Covid-19 wave has only a limited impact on business activity in the 19 countries using the euro. The Purchasing Managers’ Index from IHS Markit, a key measure of the economy, rose in November after falling to a six-month low in October, according to data released Tuesday. But expectations for the future … Read more

The Bank of Canada’s deputy says households may be more affected by interest rate hikes

OTTAWA – A senior official at the Bank of Canada says the number of heavily indebted households appears to be rising again as pandemic government assistance declines. Speaking to the conference hosted by the Ontario Securities Commission, Deputy Governor Paul Beaudry said unprecedented federal aid and restrictions limiting where consumers could use helped strengthen Canadian … Read more

Biden addresses the state of the US economy as inflation reaches its highest level in 31 years – live | US news

16.28 GMT 16:28 The Biden administration is asking the court to repeal the rule of stay on vaccination That Biden administration has asked a court to immediately repeal a stay on a rule requiring employees of large companies to be vaccinated against coronavirus. Reuters reports: Delaying the Occupational Safety and Health Administration (OSHA) rule, which … Read more

Buying more from a dealer trims a steelmaker

A customer has an American Eagle Outfitters Inc. shopping bag while waiting in line to make a transaction at a store in San Francisco, California, USA, on Wednesday, March 6, 2013. Bloomberg (This article was first sent to members of the CNBC Investing Club with Jim Cramer. To get real-time updates in your inbox, subscribe … Read more

How the Build Back Better Act gives high-wage earners a one-year tax cut

The U.S. Speaker of the House, Nancy Pelosi, D-CA, speaks on the Build Back Better Act during her weekly press conference on Capitol Hill in Washington, DC, on November 18, 2021. Jim Watson | AFP | Getty Images The climate and social policy measure adopted by the House Democrats at about $ 2 trillion on … Read more

5 things to know before the stock exchange opens on Tuesday 23 November

Here are the key news, trends and analyzes that investors need to start their trading day: 1. Wall Street looks stable after technology stocks slammed Traders work on the floor of the New York Stock Exchange (NYSE) on October 25, 2021 in New York City. Spencer Platt | Getty Images US stock futures were relatively … Read more