U.S. Economy

Tech companies shed workers even as the talent shortage rages on

A worker sorts ordered goods into an automated shelving system during operations on Cyber Monday at Amazon’s fulfillment center in Robbinsville, New Jersey, November 29, 2021. Mike Segar | Reuters Layoffs and hiring slowdowns have been the top talking points from tech leaders on earnings calls over the past few weeks. Then there was last …

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Fed expected to stick with hawkish rate hikes until data show further slowing in inflation

The Federal Reserve is unlikely to pivot from its hawkish interest rate hikes despite positive signs this week that inflation in the U.S. could be easing, according to market strategists. On Thursday, the producer price index surprisingly fell 0.5% in July from the prior month, compared with an estimate of a 0.2% gain, according to …

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Is the economy in a recession? ‘What you call it is less relevant,’ says one economist: Here’s ‘what really matters’

‘We should have an objective definition’ Officially, the NBER defines a recession as “a significant decline in economic activity that is spread across the economy and lasts more than a few months.” In fact, the latest quarterly gross domestic product report, which tracks the overall health of the economy, showed a second consecutive contraction this year. Still, …

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