Fed Governor Waller backs interest rate cut at September meeting, open to larger move
Federal Reserve Governor Christopher Waller on Friday backed an interest rate cut at the upcoming central bank policy meeting in…
Here’s where the jobs are for August 2024 — in one chart
The August jobs report came in weaker than expected, and employment growth by different industries showed a mixed bag for…
August payrolls grew by a less-than-expected 142,000, but unemployment rate ticked down to 4.2%
The U.S. economy created slightly fewer jobs than expected in August, reflecting a slowing labor market while also clearing the…
JPMorgan top economist says the Fed should cut rates by a half point this month
The Federal Reserve should cut interest rates by 50 basis points at its September meeting, according to JPMorgan’s Michael Feroli.…
Friday’s jobs report for August is going to be huge. Here’s what to expect
Wall Street is gearing up for one of the most important economic releases of the year Friday, when the Labor…
August private payrolls rose by 99,000, smallest gain since 2021 and far below estimates, ADP says
Private sector payrolls grew at the weakest pace in more than 3½ years in August, providing yet another sign of…
Layoffs jump in August while hiring in 2024 is at a historic low, Challenger report shows
Layoffs soared in August, hitting their highest total for the month in 15 years, while year-to-date hiring reached a historic…
Bond market ‘yield curve’ returns to normal from inverted state that had raised recession fears
The relationship between the 10- and 2-year Treasury yield briefly normalized Wednesday, reversing a classic recession indicator. Following economic news…
Atlanta Fed President Bostic says officials can’t wait for inflation to hit 2% before cutting
Atlanta Federal Reserve President Raphael Bostic signaled Wednesday that he is ready to start lowering interest rates even though inflation…
