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
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
Fed Expected to Cut Rates for Third Consecutive Meeting Despite Inflation Concerns
The Federal Reserve is poised to lower interest rates this week for the third consecutive meeting, even as inflation remains elevated and the economy shows resilience. This decision has sparked debate among
US Indexes Rise on November Jobs Report and Fed Cut Bets
U.S. markets climbed on Friday as traders digested resilient jobs data and grew more confident in the likelihood of another Federal Reserve rate cut. All three major indexes opened in the green,
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
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.
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