Author: Reade Pickert

Productivity Falls for a Second Quarter

Productivity slumped for a second straight quarter as the economy shrank, driving another surge in labor costs that risks keeping inflation elevated and further complicates the Federal Reserve’s efforts to tame price increases.

Durable Goods Orders Exceed Forecast

Orders placed with U.S. factories for durable goods rose more than expected in May, suggesting business investment so far remains firm even in the face of rising interest rates and mounting concerns about the economy.