John-Michael Murphy

Dec 13, 2023 | nyti.ms | John-Michael Murphy |Lazaro Gamio |Christine Zhang |Jeanna Smialek

PinnedUpdated Dec. 13, 2023, 2:33 p.m. ET27 minutes ago27 minutes agoFederal Reserve officials left interest rates unchanged in their final policy decision of 2023 and forecast that they will cut borrowing costs three times in the coming year, a sign that the central bank is shifting toward the next phase in its fight against rapid inflation. Interest rates are now set to a range of 5.25 to 5.5 percent, where they have been since July.

Dec 7, 2023 | nyti.ms | Ella Koeze |John-Michael Murphy |Lydia DePillis

PinnedThe economy continued to generate robust job growth in November, suggesting there is still juice left in a labor market that has been slowing almost imperceptibly since last year’s pandemic rebound. Employers added 199,000 jobs last month, the Labor Department reported Friday, while the unemployment rate dropped to 3.7 percent.

Nov 2, 2023 | nyti.ms | Ella Koeze |John-Michael Murphy |Talmon Joseph Smith

PinnedUpdated Nov. 3, 2023, 12:28 p.m. ET49 minutes ago49 minutes agoEmployers added 150,000 jobs in October on a seasonally adjusted basis, the Labor Department said on Friday. The increase was slightly below what economists had forecast, but not too different from the sort of monthly jobs growth the U.S. economy was experiencing prepandemic. The unemployment rate, based on a survey of households, ticked up to 3.9 percent from 3.8 percent in September.

Nov 1, 2023 | nytimes.com | Karl Russell |John-Michael Murphy |Jeanna Smialek

PinnedUpdated Nov. 1, 2023, 3:20 p.m. ETNov. 1, 2023, 3:20 p.m. ETThe Federal Reserve left interest rates unchanged on Wednesday while leaving the door open to a future increase, a cautious stance at a time when rapid inflation is retreating but is not yet vanquished. Rates have been on hold in a range of 5.25 to 5.5 percent since July, up from near-zero as recently as March 2022.

Oct 17, 2023 | nyti.ms | Lazaro Gamio |Martin Gomez |Martín González Gomez |Blacki Migliozzi |John-Michael Murphy

Representative Mike Johnson of Louisiana was elected House speaker after a single ballot on Wednesday afternoon. Mr. Johnson’s victory ended a three-week vacancy of the speakership, during which the House was unable to take up new legislation. A table that shows the current tally for the most recent votes for speaker of the House. House Speaker Vote Results Representative Total Democrats Dem. Republicans Rep.