A rapid slowdown in the rate of U.S. inflation appears to have lost steam, potentially raising questions about how aggressively the Federal Reserve will cut interest rates early next year. Source link Jeffry Bartash
Sticky inflation might make it more tricky for Fed rate cuts, CPI could show Read More »
Service-oriented companies such as retailers and restaurants grew in October at the fastest pace in more than two years, a survey found, and offered further evidence of strong momentum in the U.S. economy. Source link Jeffry Bartash
Main engine of U.S. economy posts fastest growth in more than two years, ISM finds Read More »
Like a squirrel trying to find an acorn in a grassy field, it’s hard to find a nugget of good news in a bad October jobs report. The unemployment rate staying at 4.1% might be the only one that qualifies.
Squinting for good news in a bad October jobs report? Here it is. Read More »
The U.S. trade deficit in goods jumped 15% in September to 2 1/2-year high, a much larger increase than expected that could shave some growth off gross domestic product in the third quarter. Source link Jeffry Bartash
Trade deficit in goods surges to 2 1/2 year high and may whittle down U.S. GDP Read More »
The number of Americans who applied for unemployment benefits last week fell sharply for the second week in a row to 227,000, reversing a spike in claims earlier in the month after a pair of major hurricanes Source link Jeffry
Jobless claims fall again as hurricane effects fade. Layoffs back to very low levels. Read More »
The chief of the Dallas Federal Reserve said the economy is “strong and stable,” but the central bank needs to be watchful for a rebound in inflation as it gradually lowers U.S. interest rates. Source link Jeffry Bartash
Fed’s Logan says ‘strong and stable’ U.S. economy faces ‘meaningful uncertainties’ Read More »
The service side of the economy grew in September at the fastest pace in a year and a half, a new survey found, signaling the U.S. is in no danger of recession. Source link Jeffry Bartash
Economy speeds up in September. ISM business survey hits 1 1/2-year high. Read More »
U.S. businesses added a higher-than-expected 143,000 new jobs in September , paycheck company ADP said. Yet it was the sixth straight month in which employment gains totaled less than 200,000 in a sign the labor market has cooled off considerably.
Sales of new cars and trucks rebounded in September in a sign that consumer spending was fairly robust in the third quarter, keeping the U.S. economic expansion on an even keel. Source link Jeffry Bartash
Auto sales rebound and point to strong third-quarter GDP Read More »
U.S. job openings rose toward the end of summer for the first time in three months, but people looking for work are having a harder time getting a job since fewer companies are hiring. Source link Jeffry Bartash
Workers are quitting at the lowest rate since the pandemic as jobs get harder to find Read More »
