Latest News Updates From Paul Wiseman

Government, Business

US Economy Grew at a Solid 3% Rate Last Quarter

WASHINGTON — The economy expanded at a healthy 3% annual pace from April through June, boosted by strong consumer spending and business investment, the government said Sept. 26.

September 26, 2024
Government, Business

US Economic Growth for Q2 Is Revised Up to 3% Annual Rate

WASHINGTON — The U.S. economy grew last quarter at a healthy 3% annual pace, fueled by strong consumer spending and business investment, the government said Aug. 29.

August 29, 2024
Government, Business

Rate Cuts Seem Inevitable After Fed Chair Powell's Speech

WASHINGTON — Federal Reserve Chair Jerome Powell signaled that interest rate cuts are coming in a much-anticipated speech Aug. 23 in Jackson Hole, Wyo.

August 23, 2024
Government, Business

US Wholesale Inflation Cooled in July

WASHINGTON — Wholesale price increases eased in July, suggesting that inflation pressures are further cooling as the Federal Reserve moves closer to cutting interest rates.

August 13, 2024
Government, Business

US Employers Added Just 114,000 Jobs in July

WASHINGTON — U.S. hiring decelerated sharply last month in the face of high interest rates as employers added an unexpectedly weak 114,000 jobs.

August 2, 2024
Government, Business

Economic Growth Increased in Q2 to Healthy 2.8% Annual Rate

WASHINGTON — The nation’s economy accelerated last quarter at a strong 2.8% annual pace, with consumers and businesses helping drive growth despite the pressure of high interest rates.

July 25, 2024
Government, Business

Fed’s Preferred Inflation Gauge Shows Price Pressures Easing

WASHINGTON — A measure of prices that is closely tracked by the Federal Reserve suggests that inflation pressures in the U.S. economy are continuing to ease.

June 28, 2024
Government, Business

Economic Growth for Q1 Is Revised Up to a 1.4% Annual Rate

WASHINGTON — The economy expanded at a 1.4% annual pace from January through March, the government said in a slight upgrade from its previous estimate.

June 27, 2024
Government, Business, Technology, Equipment

Could Cheap Chinese EVs Reach US From Mexico?

Low-priced Chinese EVs pose a potentially "extinction-level event" for America’s auto industry.

June 27, 2024

Employers Add 175,000 jobs in April in Face of Higher Rates

WASHINGTON — The nation’s employers pulled back on their hiring in April, adding a modest 175,000 jobs in a sign that high interest rates may be starting to take a toll on the economy.

May 3, 2024