El-Erian warns of ‘cost-of-living crisis,’ says Fed rate hikes could cause recession
The Federal Reserve's efforts to fight inflation threaten to sink the U.S. into contraction, according to economist Mohamed El-Erian.
Fed’s Patrick Harker says he thinks the U.S. can avoid a recession, even amid troubling signs
Philadelphia Federal Reserve President Patrick Harker said Tuesday that he doesn't think the U.S. is heading for recession.
Mortgage refinance demand plunges 60%, as rates hit their highest level since 2018
A sharp increase in mortgage rates causes a plunge in refinance demand.
Companies added 455,000 jobs in March, slightly more than expected, ADP says
Private payrolls expanded by 455,000 for the month, the firm said, about in line with the Dow Jones estimate of 450,000.
Economy added 431,000 jobs in March despite worries over slowing growth
Nonfarm payrolls were expected to rise by 490,000 in March, according to Dow Jones estimates.