Breaking News: Economy

Fed holds rates steady, upgrades assessment of economic growth

The Federal Reserve on Wednesday again held benchmark interest rates steady amid a backdrop of a growing economy and labor…

Private sector payrolls rose 113,000 in October, less than expected, ADP says

Private sector payroll growth increased modestly in October but missed expectations, in a potential sign that the employment picture could…

Here’s everything to expect from the Fed’s policy announcement Wednesday

The Federal Reserve meeting will most likely conclude Wednesday with the central bank not doing a whole lot of anything…

Treasury to borrow $776 billion in the final three months of the year

The U.S. government’s borrowing needs will decline slightly in the final three months of 2023 from the prior quarter, a…

The escalating Israel-Hamas conflict raises risks of global market contagion, economist says

As the Israel-Hamas war draws into into its fourth week, the risks to the global economy are rising, economist Mohamed…

Achieving the ‘American dream?’ A lot of it depends on where you grow up

Where a child grows up in the U.S. is becoming an increasingly critical component toward determining their future economic status.…

Global bond rout looks ‘tremendously dangerous’ for stocks, hedge fund manager warns

An intensifying bond rout is piling pressure on the global economy and creating a “tremendously dangerous” outlook for equities, the…