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.
President Trump launches a new cryptocurrency of his own; and the Federal Reserve might finally make interest rate cuts. One America’s Zach Petersen has The Scoop on the Week Ahead.
Import prices dropped by the most in eight months in August, suggesting that domestic inflation will continue to subside in the months ahead.
U.S. central bankers will likely start long-awaited interest rate cuts next week with a quarter-of-a-percentage-point reduction.
Inflation rose once again in the month of August, causing stir from an outsize rate cut from the Federal Reserve when it meets next week.
The latest job growth report showed that job additions in August increased but missed economists’ estimates, with the unemployment rate staying nearly the same.
Job openings across America spiraled down to their lowest level since the beginning of 2021, a very concerning notion that the labor market is cooling.
Federal Reserve policymakers are increasingly attentive to the U.S. labor market as they prepare for a policy-setting meeting later this month.
Consumer spending increased solidly in July, arguing against a half-percentage-point interest rate cut from the Federal Reserve next month.
House prices dipped 0.1% on a month-on-month basis after being unchanged in May, the Federal Housing Finance Agency said on Tuesday.