Meantime On The Left

jobless-claims-show-surprise-increase-to-highest-level-in-a-month

Jobless claims show surprise increase to highest level in a month

Initial jobless claims unexpectedly rose last week despite an ongoing recovery in the U.S. employment market, the Labor Department reported Thursday. First-time filings for unemployment insurance for the week ended June 12 totaled 412,000, compared with the previous week’s 375,000. That was the highest number since May 15. Economists surveyed by Dow Jones had been […]
Read More
the-fed-moves-up-its-timeline-for-rate-hikes-as-inflation-rises

The Fed moves up its timeline for rate hikes as inflation rises

The Federal Reserve on Wednesday considerably raised its expectations for inflation this year and brought forward the time frame on when it will next raise interest rates. However, the central bank gave no indication as to when it will begin cutting back on its aggressive bond-buying program, though Fed Chairman Jerome Powell acknowledged that officials […]
Read More