Economy

Markets are counting on the Fed to head off recession with sizable interest rate cuts

In the market’s eyes, the Federal Reserve finds itself either poised to head off a recession or doomed to repeat…

San Francisco Fed President Daly sees interest rate cuts coming as labor market weakens

San Francisco Federal Reserve President Mary Daly on Monday said she expects that interest rates will be cut later this…

Trump blames Harris, Biden for stock market meltdown after taking credit for past upswing

Republican presidential nominee Donald Trump on Monday blamed Vice President Kamala Harris for the stock market’s dramatic plunge, months after…

Chicago Fed President Goolsbee says if economy deteriorates, Fed will ‘fix it’

Chicago Federal Reserve President Austan Goolsbee on Monday vowed that the central bank would react to signs of weakness in…

‘The summer job is back’: Teens enter the labor force as employers dish out higher wages, perks

Dailey Jogan was pleased to learn she would get $15 an hour and a handful of perks as the head…