Page 28 - Thomas Simons News Today

Despite persistent interest rate hikes from the Fed, inflation in the U.S. remains stubbornly high, prompting fears of a recession.

Financial Times: Bank failures put pressure on Federal Reserve

Compensation for US workers picked up in the first three months of the year, showing that a major source of inflationary pressure persists and cementing the path for an interest

Compensation for US workers picked up in the first three months of the year, showing that a major source of inflationary pressure persists and cementing the path for an interest rate hike at the Federal Reserve's meeting next week. The news came on the same day as the Feds' favorite inflation gauge showed that overall consumer-price increases slowed sharply in March,

“This morning’s data was the worst of both worlds, with growth down and inflation up,” said Chris Zaccarelli, CIO of Independent Advisor Alliance.

United State Dollar index $DYX recovering from One-Year Low Investments

Bringing Taiwan to the World and the World to Taiwan

Further indicating that the labor market was slowing, the number of people in the US filing new unemployment benefit claims dropped last week

Employers added 236,000 jobs in the month on a seasonally adjusted basis, the Labor Department reported Friday, down from an average of 334,000 jobs added over the prior six months. The unemployment rate fell to 3.5 percent, from 3.6 percent in February.

WASHINGTON (Reuters) - The U.S. economy likely continued to churn out jobs at a brisk clip in March even though the labor market is losing its luster as Federal Reserve interest rate hikes dampen demand. | 12:09am