US employers added a solid 206,000 jobs in June in a sign of continued economic strength

WASHINGTON (AP) — America’s employers delivered another healthy month of hiring in June, adding 206,000 jobs and once again displaying the U.S. economy’s ability to withstand high interest rates. Last month’s job growth did mark a pullback from 218,000 in May. But it was...

Federal Reserve minutes: Inflation is cooling, but more evidence is needed for rate cuts

WASHINGTON (AP) — Federal Reserve officials at their most recent meeting welcomed signs that inflation is slowing and highlighted data suggesting that the job market and the broader economy could be cooling. Both trends, if they continued, will likely lead the Fed to cut its...

Federal Reserve minutes: Inflation is cooling, but more evidence is needed for rate cuts

Wave of summer travel expected over July Fourth holiday as hot inflation loosens grip

NEW YORK (AP) — Travel activity is expected to heat up to record levels around the Independence Day holiday as consumers take advantage of cooler prices for airfares, gasoline and hotels. AAA expects a record number of people to hit roads and airports during the week between...

Fed Chair Jerome Powell: US inflation is cooling again, though it isn't yet time to cut rates

WASHINGTON (AP) — Inflation in the United States is slowing again after higher readings earlier this year, Federal Reserve Chair Jerome Powell said Tuesday, while adding that more such evidence would be needed before the Fed would cut interest rates. After some persistently high...

US job openings rise to 8.1 million despite higher interest rates

WASHINGTON (AP) — U.S. job openings rose slightly to 8.1 million in May despite the impact of higher interest rates intended to cool the labor market. Vacancies rose from a revised 7.9 million in April, the first reading below 8 million since February 2021, the Labor Department...

Federal Reserve Chair Powell: US inflation is slowing again after higher readings earlier this year

Inflation is down in Europe. But the European Central Bank is in no hurry to make more rate cuts

FRANKFURT, Germany (AP) — Inflation in the 20-nation eurozone crept lower to 2.5% in June, but remained stuck above the level favored by the European Central Bank, which is in no hurry to add more rate cuts after a first tentative reduction in its benchmark rate. The figure...

Inflation falls slightly to 2.5% in Europe in June, remains stuck above levels favored by central bank

Puerto Rico approves electricity rate increase weeks after massive blackout

SAN JUAN, Puerto Rico (AP) — Puerto Ricans were hit Monday with a 4.6% increase in electricity rates through September, in a blow to 3.2 million people who struggle with chronic power outages as the U.S. territory’s grid keeps deteriorating. For clients who consume 800 kilowatt...