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Economy
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Economy
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
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