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Latest Headlines in Economy

Federal Reserve Chair Powell hints at a pause in rate hikes when central bank meets next month

Powell indicated the Fed will likely forgo an increase in its benchmark interest rate when it meets in June for the first time since it began raising its key rate 14 months ago to fight high inflation.

Biden ‘confident’ there will be no US debt default

The president and House Speaker Kevin McCarthy tasked a handful of negotiators to try and close out a final deal, with negotiations beginning late Tuesday.

Larry Edelman | Trendlines

The economy looks OK — if you ignore that ticking time bomb in D.C.

A "soft landing" is still possible, but not if the US stops paying its bills.

Larry Edelman | Trendlines

Boston is a good place to start a tech company. Keeping it here is another story.

Questions about the state’s competitive standing have dominated the business discourse since voters approved the "millionaires tax" in November.

US wholesale price data for April offers hope on inflation

From March to April, the government’s producer price index rose just 0.2 percent after falling 0.4 percent from February to March, held down by falling prices for food, transportation, and warehousing.

Change debt ceiling rules, Yellen says

Emphasizing that it was her own opinion, not President Biden’s, Yellen said there are various alternatives for avoiding situations where the Treasury lacks the funds to pay its bills.

US prices pick up, showing inflation pressures persist

Prices rose 0.4 percent from March to April, the government said Wednesday, up from 0.1 percent from February to March.

Lawsuit calls on Yellen to ignore ‘unconstitutional’ debt limit

The lawsuit comes just weeks before the government could default on the federal debt if Congress fails to raise the borrowing limit.