Republican presidential candidate and former US President Donald Trump raises his fist on the first day of the Republican National Convention (RNC) at the Fiserv Forum in Milwaukee, Wisconsin, USA, July 15, 2024. Elizabeth Frantz | Reuters Donald Trump will allow Federal Reserve Chairman Jerome Powell to finish his term at the central bank if…
An Aldi supermarket in Alhambra, California, on June 27, 2024. Eric Thayer | Bloomberg | Getty Images A highly anticipated inflation report on Thursday could bolster expectations that the Federal Reserve will cut interest rates in the coming months. The June Consumer Price Index (CPI) will be released at 8:30 a.m. ET. Recent economic releases…
Monthly inflation fell in June for the first time in more than four years, providing additional protection for the Federal Reserve to begin cutting interest rates later this year. The consumer price index, a broad measure of the cost of goods and services across the U.S. economy, fell 0.1% from May, putting the 12-month rate…
The U.S. economy again added slightly more jobs than expected in June even as the unemployment rate rose, the Labor Department reported Friday. Nonfarm payrolls rose by 206,000 this month, better than the Dow Jones forecast of 200,000 but less than the downward-revised gain of 218,000 in May, which was significantly cut from the original…
The monthly jobs report on Friday is expected to show that employers added 190,000 jobs in June, according to a Bloomberg survey of economists. That would be a decline from the 272,000 jobs created in May. The economy remains solid overall, unemployment is still low, the stock market is hovering at new highs and wage…
Job seekers attend the JobNewsUSA.com South Florida Job Fair taking place on June 26, 2024 at the Amerant Bank Arena in Sunrise, Florida. Joe Raedle | Getty Images With increasing signs that the labor market is at least slowing, if not worse, the June nonfarm payrolls report takes on added significance. So far in 2024,…
Federal Reserve Chairman Jerome Powell speaks during the Centennial Conference of the Division of Research and Statistics of the Board of Governors of the Federal Reserve System on November 8, 2023 in Washington DC, USA. (Photo by Celal Gunes /Anadolu via Getty Images) Celel Gunes | Anadolu | Getty Images Wednesday is expected to be…
U.S. President Joe Biden speaks about the economy at the International Brotherhood of Electrical Workers Local 26 union in Lanham, Maryland, on February 15, 2023. Almond Ngan | Afp | Getty Images President Joe Biden praised May’s better-than-expected jobs report, bragged about “the great American comeback” and praised congressional Republicans’ economic plan in a statement…
Traders work on the floor of the New York Stock Exchange during afternoon trading on June 3, 2024 in New York City. Michael M. Santiago | Getty Images The surprising pace of job growth and wage increases in May reinforced the belief that the Federal Reserve will remain on hold this summer and possibly beyond….
The U.S. labor market posted robust job growth in May, the Labor Department reported Friday, even as the unemployment rate rose. The higher-than-expected hiring shows that employers remain undeterred despite pressure from high interest rates and slowing consumer spending. However, the report contained mixed signals: the results of a survey of households painted a weaker…
