Fed Cuts Interest Rates Again, Fed Chair Powell Says He Won’t Resign
The Federal Reserve lowered the federal funds rate for a second consecutive time on Thursday.
The Federal Reserve lowered the federal funds rate for a second consecutive time on Thursday.
U.S. job openings fell to the lowest level in more than 3-1/2 years in September, pointing to a considerable easing in labor market conditions.
The Dow increased over 400 points on Wednesday as major investors awaited the minutes of the Federal Reserve’s latest meeting, as certain shares fell after the U.S. stated it was considering breaking up Google.
October 3, 2024 – 6:48 AM PDT WASHINGTON (Reuters) – The number of Americans filing new applications for unemployment benefits rose marginally…
U.S. consumer confidence unexpectedly fell in September amid mounting worries over the health of the labor market.
Wall Street’s main indexes were flat as investors stepped onto the sidelines ahead of the Federal Reserve’s highly anticipated first interest rate cut in more than four years.
The number of Americans filing new applications for unemployment benefits fell more than expected last week, easing fears of an unraveling labor market.
U.S. consumer prices fell for the first time in four years in June amid cheaper gasoline and moderating rents.
The economy grew by 206,000 jobs in June, but unemployment was above 4% in the same month, according to the Labor Department said on Friday.
Still-high food prices and borrowing costs have made cash-crunched customers more conscious of their spending on pricey items and look for cheaper products in stores and online.