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Economy slowed in second quarter, while inflation improved
The U.S. economy slowed to a 1.5 percent pace from April through June, as increases in consumer and business spending were partially offset by a drop in government outlays.
Fed holds rates steady; three policymakers dissent in favor of hike
The Federal Reserve held interest rates steady, drawing dissents from three members of the policy-setting Federal Open Market Committee.
Ravens commit to upgrades, lease extension at Owings Mills training facility
The Baltimore Ravens committed to a lease extension of their Owings Mills training facility.
US weekly jobless claims plunge to lowest since 1969
US weekly jobless claims dropped to 187,000, the lowest since 1969, signaling stability in the labor market amid inflation concerns.
900 jobs gained by MD in June, estimates show
According to employment estimates released Tuesday by the Bureau of Labor Statistics, total nonfarm employment in Maryland rose by 900 jobs in June, the state’s department of labor announced.
Lower gas prices restrain retail sales in June; underlying momentum remains
Retail sales rose slightly in June as lower gas prices weighed on receipts at service stations, but motor vehicle purchases accelerated and online spending surged.
Money market funds turn defensive with Fed rate outlook uncertain
Money market funds are taking a more cautious approach in their portfolios, reflecting lingering uncertainty about the U.S. Federal Reserve's rate policy path, the latest industry data show.
Consumer inflation moderates; upside risks remain amid renewed Middle East conflict
U.S. consumer inflation slowed more than expected in June as energy prices retreated, but the moderation was insufficient to convince financial markets to take an interest rate increase off the table.
Businesses brace for years of inflation as new costs pile up
American businesses are increasingly convinced that higher inflation is here to stay. Instead of fading, the forces pushing prices higher are multiplying.
Fed report cites ‘stepped-up’ inflation due to tariffs, Iran war, AI buildout
U.S. inflation "stepped up further this spring" as the evolving impact of tariffs, a war-related rise in energy costs, and the booming AI buildout boosted price pressures, the Federal Reserve said.
Job growth slows in June; unemployment rate falls to 4.2% amid decline in labor force
Job growth slowed in June with payroll gains revised lower, while the unemployment rate dropped to 4.2% amid a decline in the labor force.
Board rules for MD employees’ union on telework complaint
The Maryland Public Employee Relations Board ruled in favor of the state employees' union regarding withheld information on telework.
