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ReutersReuters
US labor market on solid footing; rising mortgages pressuring housing sector

US labor market on solid footing; rising mortgages pressuring housing sector

By Lucia Mutikani WASHINGTON, Sept 17 (Reuters) - The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, though the decline was likely exaggerated by the Labor Day holiday, with the underlying trend pointing to continued labor market stability.
ReutersReuters
Fed hikes rates, sees more tightening in search of 'timelier' drop in inflation

Fed hikes rates, sees more tightening in search of 'timelier' drop in inflation

By Howard Schneider WASHINGTON, Sept 16 (Reuters) - The Federal Reserve raised interest rates on Wednesday and flagged further increases in borrowing costs in coming months, with new U.S. central bank chief Kevin Warsh joining a unanimous decision that effectively acknowledges the Trump
ReutersReuters
US single-family housing starts rebound in August; building permits fall

US single-family housing starts rebound in August; building permits fall

WASHINGTON, Sept 17 (Reuters) - US single-family homebuilding increased in August, but a drop in permits for future construction suggested the improvement was likely temporary as rising inflation because of the war in the Middle East boosts mortgage rates.
ReutersReuters
Fed raises rates in search of 'timelier' drop in inflation, sees more tightening ahead

Fed raises rates in search of 'timelier' drop in inflation, sees more tightening ahead

By Howard Schneider WASHINGTON, Sept 16 (Reuters) - The Federal Reserve raised interest rates on Wednesday and flagged more hikes in the coming months, with new U.S. central bank chief Kevin Warsh joining a unanimous decision that effectively acknowledges the Trump administration's inability so far
ReutersReuters
Fed hikes rates in search of 'timelier' drop in inflation, sees more tightening ahead

Fed hikes rates in search of 'timelier' drop in inflation, sees more tightening ahead

By Howard Schneider WASHINGTON, Sept 16 (Reuters) - The Federal Reserve raised interest rates on Wednesday and flagged further increases in borrowing costs in coming months, with new U.S. central bank chief Kevin Warsh joining a unanimous decision that effectively acknowledges the Trump
USA TodayUSA Today
Gas prices debate continues in Congress. Can Washington lower costs?

Gas prices debate continues in Congress. Can Washington lower costs?

Lawmakers in Washington are trading blame for high gas prices with Trump administration officials. Here's what Washington can do to lower pump prices.
ReutersReuters
US weekly jobless claims unexpectedly fall

US weekly jobless claims unexpectedly fall

WASHINGTON, Sept 17 (Reuters) - The number of Americans filing claims for unemployment benefits unexpectedly fell last week, but the decline likely overstates the health of the labor market.
Detroit Free PressDetroit Free Press
What the Fed's first rate hike in three years means for consumers

What the Fed's first rate hike in three years means for consumers

On Wednesday, Sept. 16, the Federal Reserve raised short term interest rates by a quarter of a percentage point. The vote was unanimous.
ReutersReuters
US retail sales rebound more than expected in August; import prices surge

US retail sales rebound more than expected in August; import prices surge

By Lucia Mutikani WASHINGTON, Sept 16 (Reuters) - U.S. retail sales rebounded sharply in August as households boosted purchases of a range of goods while also spending more at restaurants and bars, reinforcing the economy's resilience even as consumers grow more anxious about high inflation.
ReutersReuters
Robust US retail sales underscore economy's resilience; inflation pressures building

Robust US retail sales underscore economy's resilience; inflation pressures building

By Lucia Mutikani WASHINGTON, Sept 16 (Reuters) - U.S. retail sales rebounded sharply in August as households boosted purchases of a range of goods while also spending more at restaurants and bars, reinforcing the economy's resilience even as consumers grow more anxious about high inflation.
ReutersReuters
US import prices jump in August on strength in capital, consumer goods

US import prices jump in August on strength in capital, consumer goods

WASHINGTON, Sept 16 (Reuters) - U.S. import prices surged in August amid solid increases in the costs of capital and consumer goods, suggesting inflation could rise further in the coming months.
ReutersReuters
Fed hikes rates, sees more tightening in search of 'timelier' drop in inflation

Fed hikes rates, sees more tightening in search of 'timelier' drop in inflation

By Howard Schneider WASHINGTON, Sept 16 (Reuters) - The Federal Reserve raised interest rates on Wednesday and flagged further increases in borrowing costs in coming months, with new U.S. central bank chief Kevin Warsh joining a unanimous decision that effectively acknowledges the Trump