Key Fed measure eased, spending declined

U.S. GDP rose 2.9% in the fourth quarter, more than expected even as recession fears loom

What you need to know

Wholesale prices fell 0.5% in December, much more than expected; retail sales fall

Federal Reserve Chairman Jerome Powell tests positive for Covid

As China reopens and data surprises, economists are starting to get less gloomy

Time for the Fed to declare victory on inflation? Not yet

Prices fell 0.1% reflecting a slowdown for inflation

France’s government outlines plans to raise retirement age despite years of pushback

Consumers see inflation, and spending, cooling, New York Fed survey shows

JOLTS report November 2022

Nonfarm payrolls rose 223,000 in December, as strong jobs market tops expectations

U.S. unemployment rate falls in December, but rises for Black women, Hispanic men

ADP jobs report December 2022:

The UK recession will be almost as deep as that of Russia, economists predict

Global economy is heading into a decade of low growth, economist says

Transitory inflation talk is back. But economists say higher prices here to stay

UK inflation falls from 41-year high as fuel price surge eases

Sales fall 0.6% as consumers feel pressure from inflation

ECB hikes rates, sees significant increases ahead as it announces plan to shrink balance sheet