The Federal Open Market Committee thinks that confusing everyone completely is good for confidence, that intangible but entirely necessary ingredient for financial stability, writes the Chairman of ...
The European Central Bank is expected to start cutting interest rates in less than a month, while the Federal Reserve is on hold for some time. Even though Fed chair Jay Powell was not as hawkish as ...
A still-dovish Fed gives the RBA some breathing room at its meeting next week but the board is likely to acknowledge that ...
Most people hate being stuck on hold. For Federal Reserve officials so far in 2024, “on hold” is exactly where they would ...
As of March, the number of employed foreign-born workers set a fresh record high of 31.1 million people, BLS data showed. The ...
He noted that the pace of wage gains has substantially moderated, although the descent has been a little bumpy ... Powell was ...
Fed governor Adriana Kugler, for one, agreed with the assessment from Bostic, Powell and other officials that recent progress on inflation has been “bumpy.” Still, Kugler said in comments at ...
Asian stocks and U.S. futures rose on Thursday after the Federal Reserve downplayed risks of an interest rate hike, while the yen was bumpy after another burst of suspected intervention from Japan.
Treasuries rallied, pushing yields lower, as the Fed also said it would slow down its balance-sheet runoff. However in Asia ...
Up until just recently, the fear had been that the fastest rate hike campaign in history would cause some economic "pain." But, with all that cash the government provided still finding ways to get ...
The US economy added 175,000 new jobs and the unemployment rate rose to 3.9% last month, new data from the Bureau of Labor Statistics showed Friday. Wall Street economists had expected nonfarm ...