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Fed’s Goolsbee says progress on inflation has stalled, makes sense to wait on interest rates
“So far in 2024…progress on inflation has stalled,” Goolsbee said in talks to the Society for Advancing Business Editing and Writing’s annual conference in Chicago. “Right now, it makes sense to wait ... Read More
Fed policy on hold because of 'stalled' progress on inflation, Goolsbee says
Progress on bringing down inflation has "stalled" this year, Chicago Federal Reserve President Austan Goolsbee said on Friday, becoming the latest U.S. central banker to drop an earlier focus on the ... Read More
June Fed rate-hike risk looms as U.S. labor market stays strong
The once-unthinkable scenario of no interest-rate cuts by the Federal Reserve in 2024 is now giving way to another possibility: a slight chance of a quarter-point rate hike by June. Read More
Unveiling Paradoxes Within the U.S. Labor Market and Their Implications for Inflation
The economic landscape has been akin to navigating through a fogâuncertain, ever-changing, and challenging to predict. Read More
US Labor Market Heats Up In March: Payrolls Grow By 303,000, Highest In 10 Months, Dampen June Rate Cut Hopes (UPDATED)
Editor’s note: This story has been updated with additional details. The pace of expansion in the U.S. labor market exceeded forecasts last month, dampening investor hopes for potential interest ... Read More
Strong US labor market underpins economy in first quarter
The U.S. economy is outshining its global peers even though the Fed has raised rates by 525 basis points since March 2022 to dampen inflation. The labor market is benefiting from a rise in ... Read More
US job openings rise slightly; labor market steadily easing
WASHINGTON, April 2 (Reuters) - U.S. job openings edged up in February, though labor market conditions are ... which bodes well for overall inflation. Layoffs increased 128,000 to 1.724 million ... Read More
US job openings rise modestly to 8.8 million in February in strong labor market
But the Job Openings and Labor Turnover Survey, or JOLTS, showed that layoffs ticked up ... U.S. economist at High Frequency Economics. “A strong labor market backdrop coupled with inflation ... Read More
US labor market still tight; trade seen subtracting from Q1 growth
WASHINGTON, April 4 (Reuters) - The number of Americans filing new claims for unemployment benefits increased to a two-month high last week, though labor market ... news and analysis on the U.S ... Read More
US economy continues to shine with help from consumers, labor market
"The labor market ... U.S. and global markets with the Morning Bid U.S. newsletter. Sign up here. Reporting by Lucia Mutikani; Editing by Chizu Nomiyama and Andrea Ricci Our Standards: The Thomson ... Read More
US Labor Market Heats Up In March: Payrolls Grow By 303,000, Highest In 10 Months, Dampen June Rate Cut Hopes (UPDATED)
The pace of expansion in the U.S. labor market exceeded forecasts last month, dampening investor hopes for potential interest rate cuts by the Federal Reserve. U.S. employers added 303,000 nonfarm ... Read More
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