When inflation is high, the Federal Reserve raises the federal funds rate with the goal of cooling off spending. The federal ...
The US economy underperformed ... Health care led the growth of jobs in April, adding 56,000 jobs, while social assistance added 31,000 jobs. “There’s more work to do,” Biden said in his statement. “I ...
The S&P 500 (SPX) was headed for a losing week, but got good news in the form of slowing U.S. job growth numbers late last week. While not necessarily as good for Americans, the news increased the ...
Fed officials are watching labor trends as they contemplate when to cut rates. But different measures are telling different ...
US job growth was markedly below analyst expectations in April while unemployment crept up, government data showed Friday, ...
Rolling coverage of the latest economic and financial news. FTSE 100 hits record high 09:33 Boom! Britain’s FTSE ...
The possibility that the U.S. economy could enter a period of stagflation came into focus Thursday as the quarterly GDP ...
Hong Kong stocks led a surge in Asian markets as China’s stepped-up efforts to boost the economy. The Hang Seng Index climbed as much as 2.2pc to put it on track for a ninth consecutive day of gains, ...
U.S. economic growth likely slowed to a still-solid pace in the first quarter while inflation accelerated, reinforcing ...
US private sector activities slowed in April, with PMI at a 4-month low. Prices for goods and services rose at a slower pace, ...
The Federal Reserve voted to keep interest rates at a 23-year high as inflation has edged up and the labor market remains ...
"The US economic upturn lost momentum at the start ... activity reveal a sharp and unexpected slowdown in the pace of growth in April 2024, marking the softest expansion since December 2023.