Sylvan Lane, The Hill

Sylvan Lane

The Hill

Washington, DC, United States

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  • Unknown
  • The Hill
  • Mashable
  • The Dallas Morning News
  • The Boston Globe

Past articles by Sylvan:

Weekly jobless claims rise by 27,000

New jobless claims jumped higher during the first week of June, according to data released Thursday by the Labor Department. In the week ending June 4, initial applications for unemployment insuran… → Read More

World Bank slashes growth forecast, warns of stagflation

The World Bank slashed its forecast for global economic growth Tuesday and warned the world could face “a protracted period of feeble growth and elevated inflation” due largely to the fallout from … → Read More

Five key things to know about the economy this week

A raft of new data and studies released this week offer some clear looks at aspects of a turbulent economy that has added to political headwinds for Democrats. The economy remains strong by almost … → Read More

Economy adds 390K jobs in May, unemployment holds at 3.6 percent

The U.S added 390,000 jobs and the unemployment rate held even at 3.6 percent in May, according to data released Friday by the Labor Department. The May jobs report was largely in line with economi… → Read More

Why a May jobs slowdown may not be bad news for Biden

The May jobs report set to be released Friday morning will likely show employment growth slowed last month from the torrid pace the U.S. has seen since the start of the recovery from the coron… → Read More

Former NFT marketplace manager accused of insider trading

The Justice Department on Wednesday indicted a former manager of a prominent NFT marketplace on charges related to insider trading. Nathaniel Chastain, former product manager for NFT marketplace Op… → Read More

SEC looms over Musk-Twitter deal

Elon Musk’s $44 billion deal to acquire Twitter has been the subject of countless headlines as the mercurial CEO has made his hang ups with the acquisition very public. That tendency to share… → Read More

Prices rose at slightly slower rate in April, new data shows

Consumer prices grew at slower yearly and monthly rates in April, according to data released Friday by the Bureau of Economic Analysis. The personal consumption expenditures (PCE) price index, the … → Read More

Fed officials saw strong economy facing inflation risks ahead of May rate hike

Federal Reserve officials saw the economy holding strong despite high inflation and rising threats to the global economic outlook before hiking interest rates earlier this month, according to minut… → Read More

New home sales dropped 16 percent in April, hitting pre-pandemic pace

Sales of newly constructed homes plunged in April as rising interest rates and a historic surge in sale prices kept the housing market in a slowdown. Sales of new single-family houses fell 16 perce… → Read More

Biden’s Fed nominees sworn into office

President Biden’s Federal Reserve nominees were sworn in Monday, nearly filling out the central bank’s board of governors as it battles a record surge of inflation. Federal Reserve Board Chairman J… → Read More

Record 78 percent of Americans were financially stable in 2021: Fed study

A record percentage of American adults said they were in solid financial shape at the end of last year even as surging inflation dented household budgets, according to a Federal Reserve survey rele… → Read More

Americans keep spending despite record inflation squeeze

Despite high inflation, rising gas prices, deepening concern about the economy and rising recession risks, Americans keep spending money. Stocks have fallen sharply over the past week a… → Read More

Dow plunges nearly 1,200 points in worst day since March 2020

Stocks plunged Wednesday as deepening concern about the economic impact of high inflation and rising interest rates drove the Dow Jones Industrial Average to its worst day since March 2020. The Dow… → Read More

Stocks fall after Target reports disappointing earnings

Stocks opened with losses Wednesday after Target became the latest in a string of retailers to announce lower-than-expected first quarter earnings and voice concerns about its future profits. The D… → Read More

Powell: Fed’s fight against inflation may bring ‘pain’

Federal Reserve Chairman Jerome Powell warned Tuesday the U.S. could feel “some pain” as the central bank raises interest rates to fight inflation, insisting the Fed would do whatever it takes to c… → Read More

Retail sales rose 0.9 percent in April

Retail sales rose 0.9 percent in April as a rebound in automobile sales and a pick-up in dining powered another monthly increase in consumer spending, according to data released Tuesday by the Cens… → Read More

Powell starts second term with greatest challenge yet

Federal Reserve Chairman Jerome Powell battled a president who threatened to fire him, a once-in-a-century economic collapse, the uncertainty driven by COVID-19 and the high inflation it spurred du… → Read More

Bernanke: Fed’s slow response to inflation was ‘mistake’

Former Federal Reserve Chairman Ben Bernanke said the central bank made a “mistake” by responding too slowly to surging inflation. In a Monday interview with CNBC, Bernanke said the Fed shoul… → Read More

Plunge in crypto values boosts calls for regulations

A plunge in cryptocurrency values and the collapse of popular tokens are stoking panic among some investors and boosting pressure on Washington to act. Rising interest rates and recession ris… → Read More