KC Fed’s Schmid wary of September rate cut, notes ‘very consequential’ data in coming weeks
JACKSON HOLE, Wyo. — Kansas City Fed president Jeffrey Schmid said on Thursday the August jobs report due…
July inflation data has economists on edge
Markets ended the week largely unfazed by a hotter wholesale inflation print and signs of firming consumer prices,…
Central Bankers Flock to Jackson Hole at Pivotal Moment
(Bloomberg) — A big week is coming up for the Federal Reserve and central bank enthusiasts. The Kansas…
Job Market: AI-Driven ‘Jobless Recovery’ Could Hit These Workers Hard
There’s one group of workers that could be in for a particularly rough time as AI becomes more…
Tariffs, CPI nerves soften sentiment
By Jamie McGeever ORLANDO, Florida (Reuters) -TRADING DAY Making sense of the forces driving global markets By Jamie…
Bank of America sees stagflation, not recession—and no rate cut this year. It’s because of 2 specific Trump policies
Bank of America Research economists remain convinced that the Federal Reserve will not cut interest rates in 2025, despite…
Fed officials tilt dovish as US job market softens
By Ann Saphir (Reuters) -Since the Federal Reserve’s decision last month to hold interest rates steady, a shift…
Canada sheds tens of thousands of jobs as tariffs dent hiring plans
By Promit Mukherjee and Divya Rajagopal OTTAWA (Reuters) -The Canadian economy lost tens of thousands of jobs in…
How Hurricane Helene impacted the job market in Western North Carolina: report
ASHEVILLE, N.C. (WLOS) — For many workers throughout Western North Carolina, Hurricane Helene didn’t just flood roads and…
U.S. Says Labor Market Growth Overestimated By 818,000 Jobs
Topline Prior data far overestimated the recent labor market recovery, the government said Wednesday, a potentially worrisome sign…