The "good ship Transitory," despite an ominous record, appears ready to sail again for the Federal Reserve.Economic projections the central bank released Wednesday indicate that while officials see inflation moving up this year more rapidly than previously expected, they also expect the trend to be short-lived. The outlook spurred talk...
Category: Economy
Retail sales increased 0.2% in February, though spending up less than expected
Consumers spent at a slower-than-expected pace in February, though underlying readings indicated that sales still grew at a solid pace despite worries over an economic slowdown and rising inflation.Retail sales increased 0.2% on the month, better than the downwardly revised decline of 1.2% the prior month but below the Dow...
Why this week’s positive inflation reports won’t look as good to the Fed
Watermelons from Mexico are displayed on a shelf at a Target store on March 5, 2025 in Novato, California.Justin Sullivan | Getty ImagesOn the surface, February's inflation data released this week brought some encouraging news. But underneath, there were signs likely to keep the Federal Reserve on hold when it...
Trump says a transition period for the economy is likely: ‘You canโt really watch the stock market’
President Donald Trump and other senior White House officials have spent the past several days bracing Americans for a potential economic slowdown that they say will then lead to stronger growth ahead.With fears brewing over the potential tariff impact, the labor market slowing and indicators pointed toward possible negative growth...
Private employers added just 77,000 jobs in February, far below expectations, ADP says
A person exits a Home Depot store in Midtown Manhattan on February 26, 2025 in New York City. Eduardo Munoz Alvarez | Corbis News | Getty ImagesPrivate sector job creation slowed to a crawl in February, fueling concerns of an economic slowdown, payrolls processing firm ADP reported Wednesday.Companies added just 77,000...