Economy News Fed S Long Term Gdp Outlook Is Dismal The Economy Hasn T Got The Message Yet

Slowdown in US hiring suggests economy still needs rate cuts, Fed’s Powell says

WASHINGTON (AP) — A sharp slowdown in hiring poses a growing risk to the U.S. economy, Federal Reserve Chair Jerome Powell said Tuesday, a sign that the Fed will likely cut its key interest rate twice ... Read More

Fed Chair Powell says hiring slowdown poses economic risks, hinting at more interest rate cuts

Jerome Powell said the labor market's outlook hasn't changed much since the central bank's September meeting, when it penciled in two more rate cuts this year. Read More

Fed cuts interest rate by a quarter point as government shutdown clouds economic outlook

Wednesday’s decision brings the Fed’s key rate down to about 3.9%, from about 4.1%. The central bank had cranked its rate to roughly 5.3% in 2023 and 2024 to combat the biggest inflation spike in four ... Read More

Fed's Powell Says Economy May Be on Firmer Footing, but Job Market Weak

PHILADELPHIA (Reuters) -The U.S. labor market remained mired in its low-hiring, low-firing doldrums through September, though the economy "may be on a somewhat firmer trajectory than expected," ... Read More

Fed's Powell Addresses Economy Pulled Between Risks to Growth, Jobs and Prices

PHILADELPHIA (Reuters) -Federal Reserve Chair Jerome Powell on Tuesday delivers his last scheduled remarks before the Fed's next meeting with the economy enjoying stronger-than-expected growth and a ... Read More

U.S. economy still vulnerable to tariff shocks, IMF says, and labor shortages tied to immigration crackdown could also sting

The U.S. economy hasn’t suffered much so far from increases in tariffs or a decline in the labor supply due to tighter immigration rules. But that might change. So says a new report from the ... Read More

Weak Jobs Numbers Won’t Derail a Hot Economy. 3 ETFs to Buy.

The economy isn’t falling apart, even with weak labor data. Select groups of stocks should benefit. The ADP National Employment Report released Wednesday showed a loss of 32,000 jobs for September. Read More

Fed's Powell addresses economy pulled between risks to growth, jobs and prices

Fed chair speaks at 12:20 EDT/1620 GMT Investors expect quarter point cuts at coming meetings Tariff, immigration shocks still being processed by firms PHILADELPHIA, Oct 14 (Reuters) - Federal Reserve ... Read More