U.S. producer prices increased by the most in more than a year in January, boosted by rises in the costs of services such as healthcare and hotel accommodation.
The central banker, in an essay released Tuesday morning, backed the wait-and-see approach that his fellow voters on the Federal Open Market Committee have adopted
Sales at clothing stores declined by the most since 2009 in January, which could raise concerns about the economy's ability to continue expanding at a moderate pace.
U.S. industrial production fell 0.3% in January as unseasonably warm weather held down the output of utilities and Boeing slowed production of civilian aircraft.
Almost a third of working Americans currently have some kind of outstanding medical debt, with about 28% owing $10,000 or more on their bills, according to a new survey from Salary Finance.
U.S. underlying consumer prices picked up in January as households paid more for rents and clothing, supporting the Federal Reserve's contention that inflation would gradually rise toward its 2% target.
First-time claims for state unemployment benefits were expected to total 210,000 for the most recent week, up from the 202,000 claims reported for the previous week.
The sea of red ink is hemorrhaging in Washington, with the federal government already racking up a budget deficit that is averaging close to $100 billion a month.
In his semiannual testimony before Congress, Powell said the new threat comes just as trade uncertainties have diminished, though the U.S. economy appears "resilient" to global headwinds.
First-time claims for state unemployment benefits were expected to total 215,000 for the most recent week, down slightly from the 216,000 claims reported for the previous week.