Paul Wiseman

Stay informed with Paul Wiseman’s coverage and analysis for Fortune.

Page 11 of 14

  • File – A hiring sign is seen in Downers Grove, Ill., Thursday, May 5, 2022. On Tuesday, the Labor Department reports on job openings and labor turnover for February.(AP Photo/Nam Y. Huh, File)Finance

    The economy shows signs that it’s starting to cool as job openings slip to 9.9 million and it’s good news for the Fed

    By Paul Wiseman and The Associated Press
  • File – People shop at an Apple store in the Westfield Garden State Plaza mall in Paramus, New Jersey, on Saturday, December 17, 2022. On Friday, the Commerce Department issues its February report on consumer spending. (AP Photo/Ted Shaffrey, File)Finance

    A critical inflation gauge slowed sharply in February and it could be a sign that the Fed is winning its war on high prices

    By Paul Wiseman and The Associated Press
  • American shopperSuccess

    The American shopper just officially had their weakest quarter of spending since the pandemic hit

    By Paul Wiseman and The Associated Press
  • Michael Barr, Vice Chairman for Supervision of the Board of Governors of the Federal Reserve System, testifies before a Senate Banking, Housing, and Urban Affairs hearings to examine recent bank failures and the Federal regulatory response on Capitol Hill, Tuesday, March 28, 2023, in Washington. (AP Photo/Manuel Balce Ceneta)Politics

    Republicans accuse the Fed of falling down on the job as Silicon Valley Bank headed for collapse but stop short of demanding tougher regulations

    By Paul Wiseman and The Associated Press
  • WASHINGTON, DC – MARCH 22: Chairman of the US Federal Reserve Jerome Powell speaks during a news conference following a Federal Open Market Committee (FOMC) meeting on March 22, 2023 in Washington, DC. (Photo by Chen Mengtong/China News Service/VCG via Getty Images)Finance

    Why tighter bank lending standards are the Fed’s new best friend in its all-out war against inflation

    By
  • Federal Reserve Board Chair Jerome Powell speaks during a news conference at the Federal Reserve, Wednesday, March 22, 2023, in Washington. The sudden crisis in the U.S. banking industry is sure to cause some tightening of lending and credit and a slowdown in the pace of borrowing and spending. If it does, the crisis could actually end up aiding the Federal Reserve in the elusive goal the Fed has been pursuing for a full year: A much lower inflation rate. (AP Photo/Alex Brandon)Finance

    A banking crisis means the Fed has a new inflation ally that it never wanted: A credit crunch

    By Paul Wiseman and The Associated Press
  • A pedestrian walks by a First Republic Bank office.Finance

    ‘It’s a financial house of cards’: Just 10% of Americans have high confidence in the banking system, and the shock is that it’s so many

    By Paul Wiseman, Hannah Fingerhut, and others
  • Barney FrankFinance

    ‘The great mystery here is why the supervision was AWOL at Silicon Valley Bank’: Wall Street and DC point fingers amid burbling banking crisis

    By Paul Wiseman, Ken Sweet, and others
  • Treasury Secretary Janet Yellen listens as she testifies during a House Ways and Means committee hearing on President Joe Biden’s fiscal year 2024 budget request, Friday, March 10, 2023, on Capitol Hill in Washington. (AP Photo/Mariam Zuhaib)Finance

    Behind the scenes of Washington’s U.S. bank rescue after the SVB collapse: ‘We were racing against the clock’

    By Lisa Mascaro, Chris Megerian, and others
  • A sign outside a McDonald’s restaurant offers prospective workers an opportunity to get paid daily for their employment, Monday, Feb. 27, 2023, in Salem, N.H. On Thursday, the Labor Department reports on job openings and labor turnover for January. (AP Photo/Charles Krupa)Finance

    Job openings fall, layoffs rise in December—but the job market is still probably too hot for Jerome Powell

    By Paul Wiseman and The Associated Press
  • Customers walk around the Walmart Supercenter, Thursday, Feb. 9, 2023, in North Bergen, N.J. On Friday, the Commerce Department issues its January report on consumer spending. (AP Photo/Eduardo Munoz Alvarez)Finance

    The Fed’s favorite inflation gauge just came in hot and it shows we’re still fighting a raging inflation battle

    By Paul Wiseman and The Associated Press
  • Meat packerFinance

    We just got another crucial sign of inflation slowing down—but only sort of

    By Paul Wiseman and The Associated Press
  • An engineer in an orange shirt smiling.Success

    The labor market smashes expectations and stays red hot as the US adds more than a half million jobs

    By The Associated Press and Paul Wiseman
  • Career fairSuccess

    Amid recession fears, American companies still want to hire bigly. Job openings jumped to 11 million in December.

    By Paul Wiseman and The Associated Press
  • HUAI’AN, CHINA – JANUARY 30, 2023 – A chemical enterprise in production in the Industrial park of Huai ‘an City, Jiangsu Province, China, Jan 30, 2023. (Photo credit should read CFOTO/Future Publishing via Getty Images)Finance

    The world’s economy will grow faster this year than initially expected, IMF says. You can thank slowing inflation and the easing of China’s strict COVID rules

    By Paul Wiseman and The Associated Press