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  1. U.S. Weekly Jobless Claims Rise To 200,000

    by , 05-05-2022 at 04:56 PM
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    With the more closely watched monthly jobs report looming, the Labor Department released a report on Thursday showing a modest increase in first-time claims for U.S. unemployment benefits in the week ended April 30th.

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  2. Fed Raises Interest Rates By 50 Basis Points In Effort To Fight Inflation

    by , 05-05-2022 at 10:44 AM
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    In an effort to return elevated inflation to its 2 percent objective, the Federal Reserve on Wednesday announced its widely expected decision to raise interest rates by half a percentage point. The Fed announced that it has decided to raise the target range for the federal funds rate by 50 basis points to 0.75 to 1.0 percent.

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