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Tag: Federal Reserve

A man carries his shopping bags during the holiday season in New York City, U.S., December 10, 2023. REUTERS/Eduardo Munoz/File Photo

US economy shrugs off recession prediction with strong fourth-quarter performance

The U.S. economy grew faster than expected in the fourth quarter and shrugged off dire predictions of a recession.

Read More US economy shrugs off recession prediction with strong fourth-quarter performance
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., January 9, 2024. REUTERS/Brendan McDermid

Wall Street ends down as US retail sales data crimps rate cut bets

Stocks finished lower after upbeat December U.S. retail sales data eroded expectations the Federal Reserve will kick off its rate-cut campaign as early as March.

Read More Wall Street ends down as US retail sales data crimps rate cut bets
US President Joe Biden delivers remarks about the latest jobs report in the South Court Auditorium in the Eisenhower Executive Office Building on February 03, 2023 in Washington, DC. According to the Labor Department, employers added 517,000 jobs in January, more than economists anticipated and sending the unemployment rate to its lowest level since 1969.(Photo by Chip Somodevilla/Getty Images)

Unpacking The December Jobs Report: Beneath The Surface, Reasons To Question The Optimism

The monthly jobs report for December, released today, reveals that U.S. employers added 216,000 jobs last month, surpassing expectations of 170,000.

Read More Unpacking The December Jobs Report: Beneath The Surface, Reasons To Question The Optimism
A "now hiring" sign is displayed outside Taylor Party and Equipment Rentals in Somerville, Massachusetts, U.S., September 1, 2022. REUTERS/Brian Snyder/File Photo

US job growth accelerates in December; wage gains solid

U.S. employers hired more workers than expected in December while raising wages at a solid clip.

Read More US job growth accelerates in December; wage gains solid
People walk around the New York Stock Exchange in New York, U.S., December 29, 2023. REUTERS/Eduardo Munoz/File Photo

Wall St kicks off 2024 on a dull note as yields rise, Apple dips

U.S. stocks fell on the first trading day of 2024 after investors tempered expectations around interest-rate cuts this year.

Read More Wall St kicks off 2024 on a dull note as yields rise, Apple dips
Passengers make their way through the terminal as they travel ahead of the Thanksgiving holiday at Washington Dulles International Airport in Dulles, Virginia, U.S., November 22, 2023. REUTERS/Kevin Lamarque/File Photo

US scrutinizing airline frequent flyer programs

The U.S. Transportation Department is scrutinizing the frequent flyer programs of major U.S. airlines for potential deceptive or unfair practices.

Read More US scrutinizing airline frequent flyer programs

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