February Jobs Report Shows Modest Gains
The February jobs report released on Friday showed slightly higher job gains and a rise in the unemployment rate to 4.1%, adding to investor concerns about the U.S. labor market and broader
Trump Ousts BLS Chief as Fed Weighs Rate Cuts
Disputed jobs report sparks leadership change President Donald Trump has removed the head of the Bureau of Labor Statistics (BLS) after rejecting July’s employment report as “rigged.” The decision follows a release
Wall Street Surges on Rate Cut Hopes After Weak Jobs Data
Indexes rebound sharply as investors bet on Fed easing U.S. stocks rallied on Monday, recovering from last week’s losses as traders grew increasingly confident that the Federal Reserve will cut interest rates
Fed Holds Rates Steady Amid Concerns Over Inflation and Tariffs
In the minutes from their May 6-7 meeting, Federal Reserve officials expressed concerns that ongoing tariff disputes could exacerbate inflation and create challenges for future interest rate decisions. Despite these concerns, policymakers
April Consumer Confidence Plummets Amid Tariff Concerns
Consumer attitudes towards both the present and future took a significant downturn in April, as escalating tariffs dented sentiment and employment confidence hit levels reminiscent of the global financial crisis. Consumer Confidence
Fed Officials Caution on Rates Amid Inflation Risks
Williams, Barkin emphasize patience as policy uncertainty grows New York Federal Reserve President John Williams said Monday that the current stance of U.S. monetary policy is “well positioned” for what the economy
Wall Street lowers U.S. growth outlook for 2025
Economy cools but avoids collapse amid policy uncertainty After two years of outperforming forecasts, the U.S. economy is showing signs of cooling — though not cracking. Recent GDP revisions from the Federal
Fed Holds Rates, Signals Future Cuts Amid Economic Uncertainty
Fed Keeps Rates Steady, Eyes Future Reductions The Federal Reserve decided to keep its benchmark interest rate in the 4.25%-4.5% range on Wednesday, though policymakers still expect two rate cuts later this
US Jobless Claims Rise Amid Federal Layoff Concerns
The number of Americans filing new applications for unemployment benefits increased moderately last week, suggesting that the labor market remained on solid ground in February. No Immediate Impact from Federal Layoffs There
U.S. Producer Prices Surge as Inflation Pressures Build
Inflation Reignites as Producer Prices Climb U.S. producer prices saw a significant rise in January, reinforcing concerns that inflation is once again picking up momentum. According to the Bureau of Labor Statistics
US Economy Grows 2.5% in 2024, Trump Policies Add Uncertainty
The US economy expanded 2.5% over the past year, according to Commerce Department figures released Thursday, underscoring the solid economic foundation inherited by President Donald Trump. Consumer spending remained strong, supported by
U.S. Jobless Claims Rise Slightly, Fed Rate Cuts Unlikely
What Happened The number of Americans filing new unemployment claims increased slightly last week, indicating continued strength in the labor market and reducing the likelihood of a Federal Reserve interest rate cut
Jobless Claims Fall as Labor Market Shows Resilience
The number of new unemployment insurance applications fell to its lowest level since last April, signaling unexpected strength in the labor market even as broader employment conditions cool. For the week ending
