A chart presented by St. Louis Fed President James Bullard on Thursday puts the “sufficiently restrictive zone” for the fed-funds rate at between 5% and 7%.
The U.K., the world’s number-four market for electric vehicles last year, will get rid of a tax break for the cleaner cars, as part of its belt-tightening budget announced Thursday.
Construction on new houses fell 4.2% in October as high mortgage rates deterred buyers and forced builders to scale back, a situation that’s likely to continue through 2023.
A new analysis of data from nearly 300 companies has found more evidence of a positive link between diverse workforces and management and the financial performance of companies.
The number of Americans who applied for unemployment benefits in mid-November fell slightly to 222,000 — a low number historically — but layoffs have edged higher in the past month…