Chances that the U.S. is heading for a recession are close to 50-50, according to a Deutsche Bank survey that raises more questions about the direction of the U.S. economy. The probability of a downturn in growth over the next […]
The probability of a recession is approaching 50%, Deutsche markets survey finds Read More »
Chicago Federal Reserve President Austan Goolsbee said Friday he still sees interest rate cuts in the cards though risks are rising to that outlook. Speaking two days after he and his colleagues again voted to keep short-term rates steady, Goolsbee told
Chicago Fed President Goolsbee sees rate cuts depending on inflation progress Read More »
Private sector job creation slowed to a crawl in February, fueling concerns of an economic slowdown, payrolls processing firm ADP reported Wednesday. Companies added just 77,000 new workers for the month, well off the upwardly revised 186,000 in January and
Private employers added just 77,000 jobs in February, far below expectations, ADP says Read More »
A growth scare in the economy has accompanied worries over a resurgence in inflation, in turn potentially rekindling an ugly condition that the U.S. has not seen in 50 years. Fears over “stagflation” have come as President Donald Trump seems determined to slap
Trump tariffs stoke stagflation fears Read More »
Federal Reserve officials in January agreed they would need to see inflation come down more before lowering interest rates further, and expressed concern about the impact President Donald Trump’s tariffs would have in making that happen, according to meeting minutes
A measure of wholesale prices rose more than expected in November as questions percolated over whether progress in bringing down inflation has slowed, the Bureau of Labor Statistics reported Thursday. The producer price index, or PPI, which measures what producers get
Wholesale prices rose 0.4% in November, more than expected Read More »
Available jobs rose in October while hiring fell during a month in which payrolls growth hit their lowest level in nearly four years, the Bureau of Labor Statistics reported Tuesday. Job openings totaled 7.74 million on the month, up 372,000
Job openings jumped and hiring slumped in October, key labor report for the Fed shows Read More »
Federal Reserve Governor Christopher Waller said Monday he is anticipating an interest rate cut in December but is concerned about recent trends on inflation that could change his mind. “Based on the economic data in hand today and forecasts that
Federal Reserve officials expressed confidence that inflation is easing and the labor market is strong, allowing for further interest rate cuts albeit at a gradual pace, according to minutes from the November meeting released Tuesday. The meeting summary contained multiple
Fed officials see interest rate cuts ahead, but only ‘gradually,’ meeting minutes show Read More »
President-elect Donald Trump and Federal Reserve Chair Jerome Powell could be on a policy collision course in 2025 depending on how economic circumstances play out. Should the economy run hot and inflation flare up again, Powell and his colleagues could decide to tap the
Trump and Fed Chair Powell could be set on a collision course over interest rates Read More »
