News

The Labor Market Makes the Fed Look Late on Rate Cuts
The Fed has insisted all year that it’s not time to cut interest rates yet on account of tariff uncertainty. However, as ...
US labor market softening as more people remain on unemployment rolls
The number of Americans filing new applications for jobless benefits fell last week, but work opportunities are becoming ...
US labor market softening; single-family building permits slump
The number of Americans filing new applications for unemployment benefits fell last week, but stayed at levels consistent ...
The Economist19h
The best check on Fed politicisation is fear of being judged a failure, says Richard Clarida
The Fed operates with what is known as instrument independence, which means that it can raise or lower interest rates or buy ...
CFO Dive4d
Labor market slows as jobless claims rise to highest level since 2021
The job market is “progressing solidly, although more slowly than before,” Mary Daly, president of the Federal Reserve Bank ...
Hosted on MSN27d
US job openings rose in April, signaling resilience in the American labor market - MSN
The Labor Department reported Tuesday that employers posted 7.4 million job vacancies in April, up from 7.2 million in March. Economists had expected openings to drift down to 7.1 million.
Fed’s Powell repeats warning about tariffs as some GOP senators accuse him of bias
Some GOP senators criticized Powell, however, for characterizing tariffs as a potential driver of inflation. Sen. Pete ...
Federal Reserve holds its benchmark interest rate steady at today's FOMC meeting
The Federal Reserve said Wednesday it will maintain the benchmark interest rate at its current range of 4.25% to 4.5% ...
Recent graduates facing 'deteriorated' labor market as unemployment reaches highest level in years
Federal Reserve data shows labor market decline affecting recent graduates, with unemployment at 5.8% for those aged 22-27 as AI potentially displaces entry-level positions ...