Inflation predicted to remain above 4% this year

The Federal Reserve will make only modest progress in its fight against inflation for the rest of this year, even while keeping its benchmark interest rate at a 16-year high, a group of business economists predict in a survey released this morning.

Fewer Americans apply for jobless benefits as labor market remains strong 

Fewer Americans filed unemployment claims last week after a previous spike that some took as a sign that higher interest rates were finally cooling the labor market.

Commerce Department starts process to fund tech hubs across the US with $500M

The Commerce Department is launching the application process today for cities to receive a total of $500 million in grants to become technology hubs

Inflation pressures persist in US economy, with consumer prices still rising 

Consumer prices in the U.S. rose again in April, and measures of underlying inflation stayed high, a sign that further declines in inflation are likely to be slow and bumpy.

What will the Alabama gambling case mean for college sports? 

Alabama fired its baseball coach this week amid an investigation into suspicious bets involving...

US added 253,000 jobs in April despite Fed’s rate hikes 

America’s employers added a healthy 253,000 jobs in April, evidence of a labor market that still shows surprising resilience despite rising interest rates.

US initial jobless claims rise but remain low overall

The number of Americans applying for unemployment benefits jumped last week but remains low overall.

Fed raises key rate but hints it may pause amid bank turmoil

The Federal Reserve reinforced its fight against high inflation today by raising its key interest rate by a quarter-point to the highest level in 16 years.

Fed expected to raise key interest rate despite banking turmoil

Poised to raise interest rates today for a 10th time, Federal Reserve officials are...

Baton Rouge waiting for possible impact from Hollywood writers strike

Late-night TV shows including The Tonight Show and The Daily Show will begin airing...