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
Federal Reserve’s Monetary Policy Update: November Rate Cut and 2024 Economic Insights
The Federal Open Market Committee (FOMC) reduced its benchmark interest rate by a quarter percentage point during its November meeting, setting the federal funds rate target range at 4-1/2 to 4-3/4 percent.
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. November Job Growth and Fed Rate Cuts Outlook
The U.S. labor market rebounded strongly in November, adding 227,000 jobs despite disruptions from hurricanes and strikes in prior months. However, a slight uptick in the unemployment rate to 4.2% suggests easing
U.S. Jobless Claims Rise Slightly as Trade Deficit Narrows
The number of Americans filing new unemployment claims rose slightly last week, signaling easing labor market conditions. Meanwhile, the U.S. trade deficit narrowed sharply in October as imports saw their largest drop
Weekly Jobless Claims Hit Seven-Month Low Amid Noisy Data Trends
Weekly jobless claims in the U.S. reached a seven-month low last week, as the effects of labor strikes and severe weather have introduced noise into the data over recent months. According to
Eurozone Wages Surge to Highest Growth Since 1990s, Complicating ECB’s Rate Strategy
Wages in the Eurozone surged 5.4% year-on-year in the three months to September, marking the fastest growth since 1993, according to data from the European Central Bank (ECB). This significant rise in
Wholesale Prices Rise in October – Fed Rate Cut Still Expected in December
Wholesale prices edged up in October, aligning closely with market expectations and suggesting that the Federal Reserve remains on track for a potential interest rate cut in December. According to data released
U.S. Stocks Reach New Highs as Fed Rate Cuts Drive Optimism
Investors rejoiced today as the U.S. stock market surged to unprecedented levels, driven by renewed optimism surrounding the Federal Reserve’s recent rate cut. The decision to slash interest rates has reshaped market
