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U.S. weekly jobless claims less than expected as labor market returns to pre-pandemic self

Initial claims for unemployment insurance rose last week but held at levels consistent with how the job market looked before the Covid-19 pandemic devastated the U.S. employment picture, the Labor Department reported Thursday.First-time filings for the week ended Nov. 27 totaled 222,000, less...

Retail sales rise faster than expected in October even as inflation pushes prices higher

Shoppers search for clothing at Uniqlo Retail Clothing Company November 12, 2021 in New York City.Robert Nickelsberg | Getty ImagesU.S. shoppers accelerated their level of spending in October even as the prices of goods jumped at their fastest pace since the 1990s, the...

The first Fed rate hike is now expected as early as July following the hot CPI data

Traders on the floor of the NYSESource: NYSETraders in the futures markets moved up their expectations for the first Federal Reserve interest rate hike to July from September, following a hotter than expected inflation report."It's a very sharp move we're seeing the back...