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The lowest monthly gain in a year was likely enough to keep the Fed on track to pursue aggressive policy

Purchasing intentions for big-ticket items cooled slightly

As the Fed's rate hikes take effect, they will make it increasingly expensive to spend and hire

Business chart with rising arrow and falling arrow

Most economists expect a rebound this quarter as solid hiring and wage gains sustain growth

Inflation and the war in Ukraine may curb consumer spending this year

Wooden blocks with percentage sign and arrow up, financial growth, interest rate increase, inflation concept

Financial markets now foresee much steeper rate hikes than Fed officials signaled as recently as last month

In a speech on Thursday, the U.S. Treasury Secretary also advocated for maintaining the dollar's prominence

Unemployment dropped to its lowest rate since the pandemic erupted

Higher prices and the war in Ukraine contributed to a decline in the six-month outlook

white house in washington dc

New tax on the ultra wealthy would include ``unrealized gains''

  • By: Josh Boak
  • March 28, 2022 March 28, 2022
  • 13:22