Inflation in the United States decelerated last month, according to a Labor Department report that was delayed due to the 43-day government shutdown this fall.
Read More Inflation slows to 2.7% — lower than expected, down from its ‘Biden-era peak’
Tag: economic outlook
Fed cuts interest rates to lowest level in 3 years
The Federal Reserve cut its benchmark interest rate to its lowest level in three years, lowering the federal funds rate target range by 0.25 percentage point to 3.75%–4.00%.
Read More Fed cuts interest rates to lowest level in 3 years
US job openings fall in March; layoffs decline
U.S. job openings dropped sharply in March, but a decline in layoffs suggested that the labor market remained on solid footing.
Read More US job openings fall in March; layoffs decline
Wall Street job cuts loom as market turmoil stalls deals
U.S. investment banks are poised to cut more jobs if economic uncertainty continues to weigh on dealmaking in the months ahead, according to analysts and recruiters.
Read More Wall Street job cuts loom as market turmoil stalls deals
US job openings increase in January; layoffs decline
Job openings, a measure of labor demand, rose 232,000 to 7.740 million on the last day of January, the Labor Department’s Bureau of Labor Statistics said in its Job Openings and Labor Turnover Survey.
Read More US job openings increase in January; layoffs decline
Federal Reserve Holds Interest Rates Steady For 2 Decades, Leaves Door Open For Cuts
While maintaining interest rates at their highest point in over 20 years on Wednesday, the Federal Reserve made a suggestion that lower borrowing costs may soon be implemented by policymakers due to slight recent improvements in inflation.
Read More Federal Reserve Holds Interest Rates Steady For 2 Decades, Leaves Door Open For Cuts