Economy News Fed Economy Growing, Labor Market In Balance

US economy saw stronger-than-expected job growth in September, but the unemployment rate rose

The Labor Department is finally releasing the jobs report for September, which was delayed for weeks due to the government shutdown. It is expected to show the economy added around 50,000 jobs that ... Read More

September Jobs Report Injects More Uncertainty Into Fed’s December Decision

Policymakers at the central bank are at odds over the need to cut interest rates for a third straight meeting, as inflation picks up again and the labor market slows down. Read More

Fed official forecasts huge economic shift coming soon

A growing number of Fed officials have been warning that inflation remains “too high” and could derail progress toward the central bank’s 2% goal. And the government shutdown means the Fed will be ... Read More

'Stale' September jobs data is mixed news for a divided Fed

The U.S. economy added more jobs than expected in September, but a rise in the unemployment rate and downward revisions to prior months still presented an ambiguous picture for Federal Reserve ... Read More

Fed's Barkin looks forward to more clarity on economy as data flow resumes

By Howard Schneider WINCHESTER, Virginia (Reuters) -Richmond Federal Reserve President Thomas Barkin said on Tuesday he hopes coming data and ongoing community interviews will help clarify where the ... Read More

Cleveland Fed Pres. Hammack sees inflation as ongoing concern despite labor market softening

Cleveland Federal Reserve Bank President Beth Hammack believes the Fed must maintain a somewhat restrictive monetary policy stance despite signs of softening in the labor market, as inflation ... Read More

US sees solid job growth in September, but unemployment rate still rises

The unemployment rate increased to 4.4%, the highest level in four years, as more people joined the labor force and people who are out of work have had trouble landing another job. Payroll numbers ... Read More

Inflation fight divides Fed as prices stay painfully high

The Fed’s decision was aimed at jump-starting a slowing economy clouded by stubborn sticky inflation and political tension. The Fed’s quarter-point cut to a 3.75%–4.00% benchmark rate makes borrowing ... Read More

Will tariffs impact US inflation? Fed’s Anna Paulson answers, warns about next rate cut, flags labour market strain

Anna Paulson, Philadelphia Fed President, expressed caution regarding the next rate cut due to high inflation and rising unemployment risks. She emphasised concerns about the labour market while ... Read More

Fed's tone suggests 'heightened concern' about economy

In a widely anticipated decision, the Federal Reserve has cut interest rates for the second time in two months. This cut lowers the federal funds rate to a target range of 3.75% to 4%. The FOMC ... Read More