Latest in Muddled Jobs Data May Do Little to Alter Immediate Fed Rate Path
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Muddled Jobs Data May Do Little to Alter Immediate Fed Rate Path
Officials at the Federal Reserve are widely expected to cut rates by a quarter point next week.Business - The New York Times - 4 hours ago -
Jobs Data Come as the Fed Stares Down a Complex Moment
Growth has been resilient, but inflation is cooling. The combination makes it hard to guess how much policymakers will lower rates.Business - The New York Times - 6 hours ago -
Fed’s Waller calls for rate cut caution after ‘disappointing’ data
Influential governor says US economy in ‘sweet spot’ but hotter than expected inflation not welcomeWorld - Financial Times - October 15 -
New U.S. economy data before next Fed interest rate decision
The Federal Reserve will soon announce its next interest rate move as new data trickles in about the U.S. economy. CBS News MoneyWatch correspondent Kelly O'Grady reports.Top stories - CBS News - 21 hours ago -
Would a Strong Job Market Stop Fed Rate Cuts? This Official Says No.
Mary C. Daly, the president of the Federal Reserve Bank of San Francisco, said that the central bank shouldn’t act “out of fear.”Business - The New York Times - October 15 -
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Pre-Election Jobs Report Will Present a Muddled Picture
Less than a week before the presidential vote, employment figures will reflect hurricane damage and a long strike at Boeing.Business - Inc. - 2 days ago -
Big Fed rate cut was justified, but it may have acted politically, Trump economic adviser says
Kevin Hassett, who was Chairman of the Council of Economic Advisers in the Trump administration from 2017 to 2019, agreed with Trump’s view that the Federal Reserve has acted politically in recent ...Business - MarketWatch - October 19 -
3 Things You Can Do to Stay Relevant as AI Alters the Workplace
If your job is not replaced by AI, it might be replaced by someone more skilled at using AI.Business - Inc. - 5 days ago -
How Fugetsu-Do Survived the Evolution of Little Tokyo
Fugetsu-Do, a mochi store in the Little Tokyo neighborhood of Los Angeles, has existed for 121 years, with a lasting impact on its community.Top stories - The New York Times - October 18 -
Fed Leaders Favor Rate Cuts, But Differ on Pace
Four policymakers agree the central bank should make further rate cuts, though some support a slower, smaller set of reductions.Business - Inc. - October 22 -
The bond market may be at risk from inflationary forces beyond the Fed’s control
Investors remain nervous about upside risks to inflation, such as the outcome of the Nov. 5 presidential election, that haven’t been priced into the bond market — and which policymakers may not be ...Business - MarketWatch - October 15 -
Top Trump economic adviser says big Fed rate cut was justified
Kevin Hassett is contender to replace Jay Powell as US central bank chair if Republican wins electionBusiness - Financial Times - October 18 -
The Fed Looks Like It Made a Mistake With Its Jumbo Rate Cut
Strong economic data and a still-hot economy has made some experts wonder whether the central bank made the right call with its jumbo rate cut.Business - Inc. - October 18 -
Key inflation rate hits 2.1% in September, as expected, closing in on Fed target
The personal consumption expenditures price index was expected to increase 0.2% in September and 2.1% from a year ago.Business - CNBC - Yesterday -
Key inflation rate hits 2.1% in September, as expected, closing in on Fed target
Inflation increased slightly in September and moved closer to the Federal Reserve’s target, according to a Commerce Department report Thursday.Top stories - NBC News - 22 hours ago -
The Jobs Report on Friday May Be a Fluke and a Political Football
Economists expect the October data to show unusually weak job creation. But hurricanes and strikes may account for much of the shortfall.Business - The New York Times - 23 hours ago -
The Big Question: Do job titles really matter?
As one Big Four accountancy firm creates a new ‘managing director’ grade, does what you’re called at work actually count?World - Financial Times - October 25 -
Despite a half-point Fed rate cut, the average credit card interest rate fell by just 0.13%, report finds
Credit card APRs are edging lower after the Federal Reserve cut interest rates by a half point, but not by much.Business - CNBC - 3 hours ago -
BoE chief economist criticises statistics agency over poor jobs data
Huw Pill told ONS in private letter that efforts to fix key labour market survey ‘have not yet led to improvement’Business - Financial Times - October 22 -
Faulty jobs data leaves UK hiring picture uncertain, economists say
Minimum wage rise in Budget at time of labour market uncertainty could lead to more unemploymentWorld - Financial Times - 5 days ago -
10-, 30-year Treasury yields drop again after GDP data opens door to Q4 slowdown
Yields on long-dated Treasurys closed lower on Wednesday after a weaker-than-expected reading on third-quarter U.S. economic growth gave way to the possibility of another slowdown in the final ...Business - MarketWatch - Yesterday -
The EU thought it had a new migration plan. But many leaders say it may be too little, too late
European Union leaders are using a summit to seek ways to make the bloc a more hostile destination for migrants and asylum seekersWorld - ABC News - October 17 -
U.S. economy adds 12,000 jobs in October, unemployment rate stays at 4.1%
The U.S. economy added 12,000 jobs during October, significantly less than expected. The unemployment rate held steady at 4.1%. NBC News’ Brian Cheung and Investopedia’s Editor-in-Chief Caleb ...Top stories - NBC News - 4 hours ago -
Anyone Can Turn You Into an AI Chatbot. There’s Little You Can Do to Stop Them
Character.AI lets users create bots in the likeness of any person—without requiring their consent.Tech - Wired - October 15 -
Bull market turns 2. Why fewer Fed rate cuts won’t rattle stock investors.
Even though concerns around a potential reheating of inflation have added to the uncertainty around the Federal Reserve’s interest rate path, it may not stop stocks from going higher, analysts said.Business - MarketWatch - October 13 -
Waller skeptical of more big Fed rate cuts amid worries a strong economy could reignite inflation
A key voter on the Federal Reserve said the surprising strength of the economy suggests the central bank should “proceed with more caution” in cutting U.S. interest rates to make sure inflation ...Business - MarketWatch - October 14 -
Fed Governor Waller sees need for 'more caution' ahead when lowering interest rates
Waller on Monday signaled that future interest rate cuts will be less aggressive than the big move in September.Business - CNBC - October 14 -
Fed Governor Christopher Waller sees need for more caution when lowering interest rates
Federal Reserve Governor Christopher Waller on Monday signaled that future interest rate cuts will be less aggressive than the big move in September as he expressed concern that the economy could ...Top stories - NBC News - October 14 -
Fed’s Daly open to skipping rate cut at one of two remaining meetings this year
San Francisco Fed President Mary Daly on Tuesday said she is open to skipping an interest-rate cut at one of the Federal Reserve’s two remaining policy meetings this year.Business - MarketWatch - October 15 -
Trump says he wants to ‘put in comments’ on rate decisions, but not give orders to Fed
Republican presidential nominee Donald Trump on Tuesday offered a fresh defense of his view that he should get to influence the Federal Reserve if elected, as he responded to questions during an ...Business - MarketWatch - October 15 -
Will home prices rise with more Fed rate cuts? Here's what experts think.
With the Fed cutting rates again, home prices are unlikely to remain the same. Here's what some experts are predicting.Top stories - CBS News - October 17 -
We're buying more shares on the dip in this Fed rate-cut stock tied to housing
Some of this decline is probably due to profit-taking since the stock has gone straight up since Sept. 6.Business - CNBC - October 22