Inflation at the wholesale level climbed 8.3% last month from August 2020, the biggest annual gain since the Labor Department started calculating the 12-month number in 2010.

Tagged with: Economy prices

The Federal Reserve will start dialing back its ultra-low-rate policies this year as long as hiring continues to improve, Chair Jerome Powell said.

Tagged with: Economy fed jerome powell

Growth in U.S. consumer spending slowed in July to a modest increase of 0.3% while inflation over the past 12 months hit its fastest pace in three decades.

Tagged with: Economy spending

Unfilled jobs throughout Maryland remain one of the biggest barriers to rebooting an economy that had its knees buckled by the coronavirus pandemic.

Tagged with: Covid Economy jobs

The number of Americans seeking unemployment benefits fell for a third straight time last week, the latest sign that employers are laying off fewer people.

Tagged with: Covid Economy jobs Unemployment

Consumers increased their spending by 1% in June, as the economy rebounds from the recession but is facing risks from the delta variant of the coronavirus.

Tagged with: Economy spending

The number of Americans collecting unemployment benefits slid last week, another sign that the job market continues to recover rapidly from the coronavirus recession.

Tagged with: Economy jobless Unemployment

The U.S. economy grew at a solid 6.5% annual rate last quarter, as the total size of the economy surpassed its pre-pandemic level.

Tagged with: Economy

The Federal Reserve said the U.S. economy is strengthening and making progress on the Fed's employment and inflation goals, a small step toward dialing back its ultra-low-interest rate policies.

Tagged with: Economy fed interest rates

President Joe Biden said Monday that his infrastructure and families agenda must be passed to sustain the economic momentum of his first six months in office.

Tagged with: biden Economy infrastructure