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...The figure from the Bureau of Economic Analysis was far below analysts’ expectations of a 2.5 per cent rise and the revised rate of 3.4 per cent for the fourth quarter....
...The Bureau of Labor Statistics also said on Wednesday that core inflation, which excludes changes in food and energy costs, remained at 3.8 per cent....
...Powell said Friday’s Bureau of Economic Analysis report, combined with other recent data, showed that the path towards the 2 per cent target was “sometimes bumpy”....
...Thursday’s figures from the Bureau of Economic Analysis are separate to the US’s consumer price index, which rose 3.1 per cent in the year to January....
...US inflation unexpectedly increased to 3.2 per cent last month, highlighting the challenge faced by the Federal Reserve in the “last mile” of its fight against rising prices....
...Federal Reserve officials were wary of cutting interest rates too quickly this year, according to a record of their last meeting in January, as they remained “highly attentive” to the risk of resurgent inflation...
...The Bureau of Labor Statistics said that core inflation, which excludes changes in food and energy costs, remained at 3.8 per cent, the same rate as February....
...Workers received an extra 4.2 per cent in their pay packets over the course of 2023, according to figures from the US Bureau of Labor Statistics, down from 4.4 per cent in the 12 months to September....
...Loretta Mester, president of the Federal Reserve Bank of Cleveland, said in an interview with Bloomberg Television that Thursday’s data showed there was “more work to do” and reiterated her stance that March...
...The non-farm payrolls figure was up from a revised figure of 173,000 in November, according to the Bureau of Labor Statistics, and beat economists’ expectations for 170,000 additions....
...Consumer prices rose by 3.4 per cent, according to figures published by the Bureau of Labor Statistics on Thursday, compared with an annual rate of 3.1 per cent in November....
...Friday’s jobs report by the Bureau of Labor Statistics also showed that US workers’ average hourly wages grew 0.6 per cent to $34.55 — up 4.5 per cent over the past 12 months....
...They had asked the judge to refrain from sentencing him to any prison time, while the government had asked the judge to impose the maximum 60 months....
...The US Federal Reserve’s preferred measure of inflation fell by more than expected in November, bolstering investors’ expectations of a series of rate cuts next year....
...The US unemployment rate fell to 3.7 per cent from 3.9 per cent, the Bureau of Labor Statistics said on Friday....
...President Joe Biden hailed Friday’s report from the Bureau of Economic Analysis as a “significant milestone” in efforts to return inflation back to its pre-pandemic levels....
...The figures, collated by the Bureau of Labor Statistics, also showed unemployment remained at 3.7 per cent in December....
...I’m Claire Jones, standing in for Chris Giles....
...A 2019 report about oil and gas wells on federal land by the US Government Accountability Office found that 84 per cent of bonds issued by the Bureau of Land Management were not enough to cover clean-up...
...The Bureau of Labor Statistics says the vast majority of those not working full-time hours are doing so out of personal choice, however....
...James Politi Well, I mean, I think, you know, Biden has promised that if he wins and he has the majorities that he needs, he’s gonna look for a bill in Congress to codify Roe v Wade into federal law, which...
...As Jay Powell faced reporters on Wednesday following the US Federal Reserve’s first policy meeting of 2024, his mood was confident....
...of terror: the 1993 bombing of a prison in the town of Weiterstadt....
...Additional contributions from Gary Jones and Benjamin Wilhelm...
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