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On Thursday, the government reported that the number of Americans applying for unemployment benefits fell last week, a sign that the labor market remains strong. The U.S. did report that retail sales fell in November as inflation squeezes wallets. That pullback followed a sharp rise in spending in October.Like the Fed, central bank officials in Europe said inflation is not yet corralled and that more rate hikes are coming. We are in for a long game, European Central Bank President Christine Lagarde said at a news conference.The Fed raised its short-term interest rate by half a percentage point on Wednesday, its seventh increase this year. Central banks in Europe followed along Thursday, with the European Central Bank, Bank of England and Swiss National Bank each raising their main lending rate by a half-point Thursday. European stocks fell sharply, with Germany s DAX dropping 3.3%.The central bank has been fighting to lower inflation at the same time that pockets of the economy, including employment and consumer spending, remain strong. That has made it more difficult to rein
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stanley bottles high prices on everything from food to clothing.Although the Fed is slowing the pace of its rate increases, the central bank signaled it expects rates to be higher over the coming few years than it had previously anticipated. That disappointed investors who hoped recent
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WASHINGTON, D.C. 鈥?While addressing Thursdays attacks in Kabul that killed several U.S. service members and many Afghans, President Joe Biden vowed to complete the evacuation of Afghanistan and hunt down those responsible for the killings.Military officials have confirmed that 13 U.S. service members were killed. CNN and CBS News are reporting that 18 people were injured in a series of explos
vaso stanley ions near the Kabul airport, where thousands of people have gathered in the hopes of escaping Afghanistan following a takeover by the Taliban. The Associated Press reports that the U.S. service members killed in the attacks included 11 Marines and a member of the Navy.According to the Pentagon, the first of two explosions took place at the airport s Abbey gate, where a crowd of people stood. The second blast took place at the nearby Baron Hotel 鈥?a place where many had been told to gather to prepa
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stanley portugal nneth F. McKenzie, Jr. said two suicide bombers, who were assessed to be ISIS fighters, detonated the explosives. The attack on the Abbey gate was followed by an attack by a number of ISIS gunmen who opened fire on civilians and military forces, said Gen. McKenzie, Commander of U.S. Central Command.McKenzie also confirmed that several Afghan civilians were killed and injured in the attacks. He says the U.S. is treating some Afghan civilians, and many others have been taken out to area hospitals. An Afghan official told the AP