The Latest Breaking News from Sarah House

Stronger-than-expected jobs growth and rising wage pressure all but eliminate the possibility of a March rate cut.

Recurring struggles over the borrowing limit undermine the status of the US as an economic superpower.

Tiny cracks are beginning to emerge in the US labor market’s resilience to higher interest rates and surging prices, but plenty of strength remains to keep Federal Reserve officials focused on stamping out inflation.

Mark Zandi of Moody's Analytics has a scenario that could avoid a full-blown recession, if the Fed gets lucky.

For most Americans, Friday’s September jobs report was welcome news: Businesses kept hiring at a brisk pace, unemployment fell back to a half-century low and average pay rose

Economists say inflation possibly hit its peak, and there are signs the pressures behind it are easing – but it’s hard to say what’s next

U.S. employers added 372,000 jobs in June, while the unemployment rate held steady at 3.6%. Despite slightly slower job growth, the labor market remains an economic bright spot.

The U.S. economy’s latest report card — featuring fresh readouts on growth, inflation, spending and wages in the first three months of the year — is set to include a mix of good and bad marks.

The pandemic spurred a historic change in consumer demand, pushing up wages and reshuffling America’s workforce in a way that’s unlikely to reverse anytime soon.