Federal Reserve officials plan to cut interest rates this year, real estate agents are likely to cut their commissions after a major deal and President Biden has begun looking at ways his administration can reduce high housing costs. In short, there are many changes in the housing market. While sales have slowed significantly due to…
Japan’s economy has been in the headlines this year as inflation returns for the first time in decades, workers enjoy wage gains and the Bank of Japan raises interest rates for the first time in 17 years. But there is another, longer-lasting trend in the Japanese economy that could prove of interest to American policymakers:…
Here are the key news investors need to start the trading day: 1. Speed limit The upward trend on the stock market paused last week. All three major U.S. averages fell from their high highs. The Dow Jones Industrial Average fell 0.9% in its worst week since October, while the S&P 500 slipped 0.3% and…
A worker restocks shelves at a CVS Pharmacy on February 7, 2024 in Miami, Florida. Joe Raedle | Getty Images U.S. job growth likely slowed in February but is far from stalling as business demand for workers continues. When the Labor Department releases its nonfarm payrolls report at 8:30 a.m. ET on Friday, Dow Jones…
The pandemic triggered an economic crisis unlike anything seen before in a recession. So perhaps it shouldn’t be surprising that the aftermath has also unfolded in ways that almost no economist expected. As unemployment soared in the early weeks of the pandemic, many feared a repeat of the long, slow recovery that followed the Great…
The United States added an unexpectedly large amount of jobs last month, a boon for American workers that shows the job market remains remarkably strong after three years of expansion. Employers added a seasonally adjusted 353,000 jobs in January, the Labor Department reported Friday, and the unemployment rate remained at 3.7 percent. The report also…
