WASHINGTON — The U.S. economy grew last quarter at a healthy 3% annual pace, fueled by strong consumer spending and business investment, the government said Aug. 29.

WASHINGTON — Federal Reserve Chair Jerome Powell signaled that interest rate cuts are coming in a much-anticipated speech Aug. 23 in Jackson Hole, Wyo.

WASHINGTON — Wholesale price increases eased in July, suggesting that inflation pressures are further cooling as the Federal Reserve moves closer to cutting interest rates.

WASHINGTON — U.S. hiring decelerated sharply last month in the face of high interest rates as employers added an unexpectedly weak 114,000 jobs.

WASHINGTON — The nation’s economy accelerated last quarter at a strong 2.8% annual pace, with consumers and businesses helping drive growth despite the pressure of high interest rates.

WASHINGTON — A measure of prices that is closely tracked by the Federal Reserve suggests that inflation pressures in the U.S. economy are continuing to ease.

WASHINGTON — The economy expanded at a 1.4% annual pace from January through March, the government said in a slight upgrade from its previous estimate.

Low-priced Chinese EVs pose a potentially "extinction-level event" for America’s auto industry.

WASHINGTON — The nation’s employers pulled back on their hiring in April, adding a modest 175,000 jobs in a sign that high interest rates may be starting to take a toll on the economy.

WASHINGTON — The nation’s economy slowed last quarter, growing at an annual rate of 1.6% in a sign that the high interest rates may be taking a toll on borrowing and spending.