U.S. Nonfarm Payrolls Up by Just 142K in August
Nonfarm payrolls in the U.S. increased by 142,000 in August, according to a report by the Bureau of Labor Statistics on Friday.
Weekly Mortgage Demand Stalls, Even Though Rates Drop to Lowest since April 2023
U.S. mortgage rates fell last week for the fourth straight week, but neither current homeowners nor homebuyers seemed particularly impressed.
U.S. Consumer Sentiment Tumbles as ‘Recession-like’ Symptoms Spread among Americans
Consumer sentiment in the U.S. dropped to an eight-month low in July, according to the Consumer Sentiment Index from the University of Michigan.
No Rate Cuts Yet: Fed Maintains Interest Rate Unchanged at Historic Highs
The U.S. Federal Reserve has opted to maintain the federal funds rate target range at 5.25—5.5%, according to the latest report from the Federal Open Market Committee (FOMC).
Treasury Yields Extend Declines after ISM Data Provides Signs of Waning U.S. Growth
Treasury yields extended declines seen earlier on Wednesday, July 3, after the Institute for Supply Management’s index of services businesses produced its lowest reading since the height of the pandemic in May 2020.
Top Fed Official Says Slowing U.S. Retail Sales Bolster Rate Cut Chances
A top U.S. Fed official, Adriana Kugler, a Fed governor, suggested price cuts at big retailers and weaker sales should point that a slowdown in consumer spending has “finally” begun, increasing the chances that the regulator will venture to finally start lowering interest rates this year.
Federal Reserve Hints at Rate Hike Amid Inflation Concerns; U.S. Home Sales Decline
The Fed may consider raising interest rates if inflation accelerates, according to minutes from the last meeting.
Fed to Stay at Current Rate Horizon Citing Inflation for Longer than Anticipated
The Federal Open Markets Committee (FOMC) concluded its two-day monetary policy meeting with a unanimous decision to let the Fed funds target rate stay at 5.25%-5.50%.
U.S. Private Sector Growth Unexpectedly Slows In April, Marks Lowest Increase In 4 Months: 'Drivers Of Inflation Have Changed'
The latest indications on U.S. private sector activity reveal a sharp and unexpected slowdown in the pace of growth in April 2024.
Inflation Accelerates More than Expected in March as High Prices Persist
Inflation accelerated in March for the third straight month, keeping prices painfully high for millions of Americans and likely delaying any interest rate cuts by the Federal Reserve.
Powell: Economy Progresses, but Inflation Still 'Too High' to Adjust Benchmark Rate
On Wednesday, March 20, the Federal Open Market Committee (FOMC) declared that there will be no change to the federal funds rate for the time being.
Powell Emphasized that Fed isn't Ready to Start Cutting Interest Rates
Fed Chairman Jerome Powell on Wednesday, March 6, reiterated that he expects interest rates to start coming down this year, but is not ready yet to say when.
Inflation Slowed Further in December as an Economic ‘Soft Landing’ Moves into Sharper Focus
The Federal Reserve’s preferred inflation gauge cooled further last month even as the economy kept growing briskly, a trend sure to be welcomed at the White House as President Joe Biden seeks re-election in a race that could pivot on his economic stewardship.
Fed Kept Interest Rates Flat Again — But Barely Budged on 2024 Rate Cut Forecasts
The Federal Reserve opted on Wednesday December 13 to hold interest rates at the same level they’ve sat since July