No longer a financial reservoir? Saudi Arabia’s spending confirms clear shift in strategy
Saudi Arabia is moving full steam ahead with its focus on domestic investment — and with that, higher requirements for…
A recession is coming in the U.S., and ‘a few rate cuts’ won’t prevent it, says strategist
Contrary to what many believe, investment research firm BCA Research sees that the economy is on the cusp of a…
Here’s everything to expect from Fed Chair Powell’s speech Friday in Jackson Hole
For all the attention being paid to Federal Reserve Chair Jerome Powell’s policy speech Friday, the chances of it containing…
Philadelphia Fed President Harker advocates for interest rate cut in September
Philadelphia Federal Reserve President Patrick Harker on Thursday provided a strong endorsement to an interest rate cut on the way…
U.S. job growth revised down by the most since 2009. Why this time is different
There’s a lot of debate about how much signal to take from the 818,000 downward revisions to U.S. payrolls —…
Fed minutes point to ‘likely’ rate cut coming in September
Federal Reserve officials at their July meeting moved closer to a long-awaited interest rate reduction, but stopped short while indicating that a…
Nonfarm payroll growth revised down by 818,000, Labor Department says
The U.S. economy created 818,000 fewer jobs than originally reported in the 12-month period through March 2024, the Labor Department…
Fed survey shows lows in employment, worries about finding work and dissatisfaction with pay
In another sign of cracks forming in the U.S. labor market, a New York Federal Reserve survey Monday showed a…
