Fed Governor Kugler backs caution on rates; Kashkari expects only two or three cuts
Federal Reserve Governor Adriana Kugler said Wednesday inflation is showing solid signs of slowing down, but she is not ready…
Fed’s Kashkari backs sentiment that policymakers can take their time cutting interest rates
Interest rates running at their highest levels in about 23 years are not hurting the economy and could buy policymakers…
The unemployment rate of Black men rose in January, underscoring continued inequality in labor market
Black men lost ground in the workforce last month, marking a continuation of the disparities that have permeated the U.S.…
Workers are paying to get part of their paychecks early. It’s ‘payday lending on steroids,’ one expert says
Millions of American workers are paying for early access to their paychecks. In some cases, it can come with a…
Why that ‘last mile’ of the inflation fight may be more challenging
Inflation in the U.S. economy is on the retreat. But the road to ultimate victory may be harder than what’s…
Weekly jobless claims post lowest reading since September 2022
The labor market continued to show surprising resiliency in the early days of 2024, with initial jobless claims posting an…
Citigroup is cutting 10% of its workforce in CEO Jane Fraser’s corporate overhaul
Citigroup said it was cutting 10% of its workforce in a bid to help boost the embattled bank’s results and…
Biden administration issues rule that could curb ‘gig’ work, contracting
The U.S. Department of Labor on Tuesday issued a final rule that will force companies to treat some workers as…
The 2023 U.S. economy, in a dozen charts
The state of the U.S. economy may be a chief concern among Americans, but 2023 wound up as a pretty…
Global shipping delays cast shadow over strong December jobs report
WASHINGTON — The strong December jobs report released Friday capped off a year of economic wins for the Biden administration.…
