The U.S. labor market bounced back in March, with job creation much stronger than expected though the broader picture of a slow-growth labor market held intact.Nonfarm payrolls rose a seasonally adjusted 178,000 during the month, a reversal from the 133,000 decline in February and better than the Dow Jones consensus...
Category: Economy
Why $4 a gallon gas prices won’t trigger Fed interest rate hikes — and could lead to cuts
Gas prices are displayed at a Mobil gas station on March 30, 2026 in Pasadena, California. Mario Tama | Getty ImagesGasoline prices over $4 a gallon, part of an ongoing supply shock in the energy markets, might seem like a cue for the Federal Reserve to raise interest rates to...
China suppliers warn of higher prices for Americans due to Strait of Hormuz closure
Pickleball paddle producer Devi Wei has a message for U.S. shoppers."Americans will have to pay more," the Chinese businessman told CNBC at a Beijing trade show last week at the China International Exhibition Center.Because of the recent swings in oil prices resulting from the Iran war and closure of the...
Markets now see the Fed’s next move as a potential rate hike as inflation fears mount
A man walks at a supermarket in Houston, Texas, on March 17, 2026.Ronaldo Schemidt | AFP | Getty ImagesSurging energy prices, rising import costs and mounting stagflation concerns are pushing markets to consider that the Federal Reserve's next move could be a rate hike.Traders in the futures market pushed the...
White House to pay TotalEnergies $1 billion to kill off East Coast wind farm projects
An aerial view of wind turbines at the Altamont Pass wind farm on January 13, 2026 in Livermore, California. Justin Sullivan | Getty ImagesThe White House has agreed to pay TotalEnergies $1 billion to shelve East Coast wind farm projects that it condemned as "costly," with the French energy giant's...