RALEIGH — The N.C. Rate Bureau’s proposed statewide rate hike of 42.2% for homeowners insurance was rejected by North Carolina Insurance Commissioner Mike Causey on Feb. 6. “I haven’t seen the evidence to justify such a […]
WASHINGTON — Federal Reserve Chair Jerome Powell said Thursday that inflation remains too high and that bringing it down to the Fed’s target level will likely require a slower-growing economy and job market. Powell noted […]
WASHINGTON, D.C. — For a few weeks in late January and early February, the U.S. economy seemed to have reached a rare sweet spot. Inflation was steadily slowing from painful heights. And growth and hiring […]
NEW YORK — Can the Federal Reserve keep raising interest rates and defeat the nation’s worst bout of inflation in 40 years without causing a recession? Not according to a new research paper that concludes […]
WASHINGTON, D.C. — America’s employers kept hiring vigorously in October, adding 261,000 positions, a sign that as Election Day was nearing, the economy remained a picture of both solid job growth and painful inflation. Friday’s […]
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