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Gross domestic production (GDP) came in hot in the second quarter, growing at a 2.4 percent rate that marked the fourth straight quarter of positive growth and underlining the resilience of the U.S. economy. Economists polled by Bloomberg had been expecting GDP growth of around 1.8 percent, meaning the 2.4 percent growth was a…
Three signs from today’s jobs report that suggest inflation will stay high Friday’s jobs report showed the buzzing U.S. economy is creating hundreds of thousands of jobs, suggesting rising prices are here to stay despite efforts by the Federal Reserve to contain them. The U.S. added 263,000 jobs in November, according to the federal jobs…