24 h. ago Charting the Global Economy: Weak Jobs, Steady Inflation Seal Fed Rate Cut

A record downward revision to annual US job growth, paired with no surprises in the latest inflation data, sealed the deal for the Federal Reserve to cut interest rates next week.

Economics

58 h. ago Asia Joins Global Equity Rally After US Inflation: Markets Wrap

Asia joined a global equity rally after relatively tame US inflation data and cooling jobs numbers clinched a path for the Federal Reserve to cut interest rates next week.

Economics

58 h. ago Asian Stocks Near Record High on Fed Rate Cut Bets: Markets Wrap

Asian stocks rallied, with MSCI’s regional gauge nearing a record high, after US inflation and jobless claims data cemented expectations the Federal Reserve will cut interest rates next week.

Economics

3 d. ago Labor Department watchdog to audit jobs and inflation reports from embattled BLS

WASHINGTON (AP) — A government watchdog says it will review how a Labor Department agency compiles and reports some of the nation’s highest profile economic data, just two days after the agency made a sharp downward revision in its estimate of the number of jobs. A spokesperson for the department’s Office of the Inspector General […]

Economics

4 d. ago New data shows the US job market was much weaker than thought in 2024, and this year as well

WASHINGTON (AP) — The U.S. job market was much weaker in 2024 and early this year than originally reported, adding to concerns about the health of the nation’s economy. Employers added 911,000 fewer jobs than originally reported from April 2024 through March, the Labor Department reported Tuesday. The department issues the so-called benchmark revisions every […]

Other

8 d. ago Hiring stalls in U.S. with companies reluctant to expand in an uncertain economic landscape

WASHINGTON — U.S. employers added just 22,000 jobs last month as the labour market continued to cool due to uncertainty over President Donald Trump’s economic policies. Hiring decelerated from 79,000 in July, the Labor Department said Friday, and came in below the roughly 80,000 economists had expected for August. The unemployment rate ticked up to […]

Economics

9 d. ago US employers likely added a modest 80,000 jobs last month, a sign that the labor market has cooled

WASHINGTON (AP) — When the Labor Department put out a disappointing jobs report a month ago, an enraged President Donald Trump responded by firing the economist in charge of compiling the numbers and nominating a loyalist to replace her. Nothing quite so dramatic is likely Friday when the department releases hiring and unemployment numbers for […]

Other

3 w. ago Fed minutes: Most officials worried about inflation moving higher

WASHINGTON (AP) — Most Federal Reserve officials said last month that the threat of higher inflation was a greater concern than the potential for job losses, leading the central bank to keep its key rate unchanged. According to the minutes of the July 29-30 meeting, released Wednesday, members of the Fed’s interest-rate setting committee “assessed […]

Economics