Bureau of Economic Analysis – Page 2 – One America News Network

US weekly jobless claims edge higher, Q1 labor costs revised lower

The labor market is cooling but not enough to allay the Federal Reserve’s hesitance to begin cutting interest rates.

It is a worrying sign for the Fed, suggesting that the elevated pace of price increases could last longer than expected.

he U.S. economy grew at its slowest pace in nearly two years as a jump in imports to meet still-strong consumer spending widened the trade deficit.

U.S. prices increased less than expected, with the cost of services outside housing and energy slowing significantly.

The U.S. was boosted by strong consumer spending and business investment in nonresidential structures.

Traders speculate on the Federal Reserve’s next move, predicting potential interest-rate cuts to address economic trends.