GOP Facing Steep Uphill Battle as Economic Pessimism Spreads Among Base
Americans are sounding a loud alarm on the state of the economy just two weeks before the congressional elections, creating a precarious environment for…
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Economy
The latest Economy stories, explained in plain words.
Inflation cools to its slowest pace in three years
Consumer prices rose less than forecast in September as rents and used cars eased, giving central bankers more room to hold rates steady.
Jobs report: hiring slows but unemployment holds at 4.1%
Employers added 142,000 jobs last month, below the six-month average, while wage growth cooled to an annual 3.6%.
Housing starts rebound as mortgage rates drift lower
Builders broke ground on more single-family homes in September, the first sizeable gain since spring, as the average 30-year mortgage rate slipped below 6.2%.
Retail sales beat forecasts as shoppers trade up on travel
Spending at stores and restaurants rose 0.7% in September, but gains were concentrated among higher-income households.
Why the dollar has been quietly losing ground
A softer rate outlook and rising foreign demand for non-US assets have pushed the dollar index to a four-month low.
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