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The Federal Reserve maintained its policy rate in a range between 5.25% to 5.5% at its November policy meeting on Wednesday. Given the recent backup in Treasury yields.

The employment cost index for the third quarter showed that labor costs rose 1.1% higher than the forecast of 1.0% and were higher than the pre-pandemic average

Friday's data on spending and income, together with recent data on gross domestic product, have pointed to a booming economy that should push back any speculation for an imminent recession.

A resilient American economy continued to defy expectations by growing at a 4.9% pace in the third quarter because of one-time factors inside the consumption channel and because of sustained gains in U.S. labor dynamics and modest real income gains.

The idea that the global economy can be organized around another currency seems out of place given the dollar's ascendancy over the past 10 years during a time of uncertainty.

Demand for existing homes has plunged in six out of seven months since February, falling to 3.96 million in September.

Total sales rose by 0.7% on the month, following an upward revision to 0.8% for August, the Commerce Department reported on Tuesday.

Consumer sentiment in October dropped to the lowest since May because of the rebound in inflation expectations.

According to our analysis of revised BEA data, consumers are on a strong footing, with between $400 billion and $1.3 trillion in excess savings that they can draw upon as the economy moves back toward price stability amid tightening financial conditions.

This work stoppage comes at a time when many companies are already facing margin compression. Investments in automation and other technologies can help businesses weather these challenges.