Head of the US Consumer Financial Protection Bureau (CFPB) Russell Vought has ordered staff to pause their activity.
Read More White House Budget Director Orders To Pause CFPB Funding
Tag: Federal Reserve
US job openings post biggest drop in 14 months
U.S. job openings dropped by the most in 14 months in December, but steady hiring and low layoffs suggested that the labor market was not abruptly slowing down.
Read More US job openings post biggest drop in 14 months
US business activity at nine-month low in January; hiring accelerates
Firms reported boosting hiring, supporting the Federal Reserve’s cautious approach to cutting interest rates this year.
Read More US business activity at nine-month low in January; hiring accelerates
Report: Mortgage Rates Surpass 7% For First Time Since May
According to a new report, mortgage rates increased this week, going above 7% ━ adding more pressure to the housing market.
Read More Report: Mortgage Rates Surpass 7% For First Time Since May
S&P 500, Nasdaq fall as investors scale back bets on Fed rate cuts in 2025
Stocks dropped on Monday, with the benchmark S&P 500 at a two-month low as bond yields surged after robust payroll numbers last week.
Read More S&P 500, Nasdaq fall as investors scale back bets on Fed rate cuts in 2025
US weekly jobless claims fall to 11-month low as labor market remains stable
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