U.S. Treasury Secretary Scott Bessent has disclosed that he is evaluating a shortlist of three candidates to assume the role of Federal Reserve chair when the position becomes vacant next year.
Read More Treasury Secy. Bessent expands search for next Fed Chair
The number of Americans filing new applications for unemployment benefits fell to an 11-month low last week, pointing to a stable labor market.
Read More US weekly jobless claims fall to 11-month low as labor market remains stable
Inflation rose once again in the month of August, causing stir from an outsize rate cut from the Federal Reserve when it meets next week.
Read More Report: Inflation Rises 2.5% In August, Lowering Hopes For Big Rate Cut From Fed
Traders priced in a quarter-point Federal Reserve interest-rate cut this month with a bigger move expected at its next meeting.
Read More Traders see Fed starting with 25 bps cut in Sept
U.S. prices increased less than expected, with the cost of services outside housing and energy slowing significantly.
Read More US monthly inflation slows; consumer spending surges