Federal Reserve

Confident Shoppers Still Spending, Just not at Department Stores

Despite this week’s carnage in retail-sector stocks after disappointing same-store sales from a slew of department-store chains including JCPenney, Nordstrom and Macy’s, data from the U.S. government on Friday show shoppers are still spending – just not in physical retail stores.

Confident Shoppers Still Spending, Just not at Department Stores

Despite this week’s carnage in retail-sector stocks after disappointing same-store sales from a slew of department-store chains including JCPenney, Nordstrom and Macy’s, data from the U.S. government on Friday show shoppers are still spending – just not in physical retail stores.

Wholesale prices jumped in April

Inflation at the wholesale level jumped in April by the largest amount in three months, fueled by rising prices of food and energy.

Wholesale prices jumped in April

Inflation at the wholesale level jumped in April by the largest amount in three months, fueled by rising prices of food and energy.

Fed's Goals Largely Met, U.S. Rate Hikes on Track: Mester

The U.S. Federal Reserve has now met its employment goal and is nearing its inflation goal, despite some weak recent economic data, so it should continue raising interest rates, Cleveland Fed President Loretta Mester said on Monday.

Business Highlights

___ Fed leaves rates unchanged but signals further hikes ahead WASHINGTON (AP) — The Federal Reserve has left interest rates unchanged while signaling that it expects a resilient U.S. economy and solid job market to justify further rate hikes later this year.