U.S. economy news
Read verified news on BetaVoices covering U.S. economy, with reporting, context, and related developments.
Wholesale prices jump 1.1% in May as energy costs surge
The producer price index rose faster than economists expected, lifting annual wholesale inflation to 6.5%, its highest rate since November 2022
U.S. inflation rose to 4.2% in May, highest in three years
The consumer price index matched forecasts as energy prices jumped, while core inflation came in softer on a monthly basis
Job openings jump to 7.6 million, highest since May 2024
April’s JOLTS report showed stronger demand for workers but slower actual hiring, reinforcing a labor market with limited churn
Core PCE inflation rose 3.3% in April, matching forecasts
The Fed’s preferred inflation gauge showed softer monthly core price growth, but headline inflation still reached 3.8% from a year earlier
U.S. inflation rose 3.8% in April, highest since May 2023
The consumer price index climbed 0.6% from March, matching monthly forecasts, while the annual rate topped the Dow Jones consensus and kept pressure on the Federal Reserve
Fed holds rates steady as inflation pressures persist
The central bank kept its benchmark rate at 3.5% to 3.75%, but an 8-4 vote showed rare internal division over how to frame possible future cuts
Core inflation rose to 3.2% in March as GDP missed forecasts
The Fed’s preferred inflation gauge accelerated while first-quarter growth came in at 2%, complicating the central bank’s next move after it held rates steady
Iran war’s economic hit may linger through 2026, economists say
Oil and gas prices have jumped since the conflict began, raising costs for drivers, travelers and households even if fighting eases soon