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Global shares have advanced, with European markets tracking gains in Asia and U.S. after some weak economic data raised hopes that the Federal Reserve might ease away from aggressive interest
Battered by surging consumer prices and rising interest rates, the U.S. economy shrank at a 0.6% annual rate from April through June, the government announced Thursday, unchanged from its previous second-quarter estimate
The Federal Reserve sent a sobering message after it announced its latest big interest rate hike: It plans to keep raising rates as long as it takes to conquer the worst inflation bout in decades — even at the risk of causing a recession in the process
WASHINGTON -- The number of Americans filing for unemployment benefits last week fell to its lowest level since May, despite repeated attempts by the Federal Reserve to cool the economy
Stocks gave up an early rally and closed lower Friday, marking their third losing week in a row and extending Wall Street’s late-summer slump.