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US Economy Grew At Weak 1.1 Pc Rate In Q1 In Sign Of Slowdown
The US economy slowed sharply from January through March, decelerating to just a 1.1 per cent annual pace as higher interest rates hammered the housing market and businesses reduced their inventories. Thursday's estimate from the Commerce Department showed that the nation's ...
PM To Hold Pre-Budget Meeting, With Economists, Experts
Ahead of the Union Budget, Prime Minister Narendra Modi will meet economists and sectoral experts at NITI Aayog on Friday to discuss the state of the economy and measures to accelerate growth which is estimated to drop to 7 per cent, ...
3 US-Based Economists Given Nobel Prize, For Work On Banks
This year's Nobel Prize in economic sciences has been awarded to three U.S.-based economists "for research on banks and financial crises." The award to Ben S. Bernanke, Douglas W. Diamond and Philip H. Dybvig was announced Monday by the Nobel panel ...
Powell's Stark Message: Inflation Fight May, Cause Recession
The Federal Reserve delivered its bluntest reckoning on Wednesday of what it will take to finally tame painfully high inflation: Slower growth, higher unemployment and potentially a recession. Speaking at a news conference, Chair Jerome Powell acknowledged what many economists have ...
As recession Fears Grow, Strong, US Hiring Is Likely Slowing
The American job market has defied raging inflation, rising interest rates, growing recession fears. Month after month, US employers just kept adding hundreds of thousands of workers, often beating forecasters' expectations. But now economists worry that signs of weakness are starting ...
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