Federal Reserve – Page 8 – One America News Network

The Nasdaq Market site is seen in New York City, U.S., March 26, 2024. REUTERS/Brendan McDermid/File Photo

Nasdaq falls over 3% to six-month low on growth concerns

The tech-heavy Nasdaq led a selloff among Wall Street’s main indexes, falling over 3% to a near six-month low, on fears that a tariff war could spark an economic slowdown.

A shopping cart at a supermarket in Manhattan. REUTERS/Andrew Kelly

US consumer spending declines; annual inflation subsides

Consumer spending unexpectedly fell in January while the annual increase in inflation slowed, supporting financial market expectations that the Federal Reserve would resume cutting interest rates in June.

A shopper reaches for a carton of eggs from a grocery chain store asking customers to limit their purchases on February 10, 2025 in South Pasadena, California. A resurgence of avian flu, which first struck the United States in 2022, is hitting chicken farms hard, sending egg prices soaring and rattling consumers accustomed to buying this dietary staple for only a few dollars. (Photo by Frederic J. BROWN / AFP) (Photo by FREDERIC J. BROWN/AFP via Getty Images)

U.S. Inflation Surges To 3% In January, Slashing Hopes Of Interest Rate Cuts

U.S. consumer prices came in higher than expected in January as inflation showed few signs of slowing down.

DES PLAINES, IL - JULY 06: Pennies lay in a pile July 6, 2006 in Des Plaines, Illinois. According to the U.S. Mint says a penny costs more to make than it's worth, 1.2 cents, prompting some to call for its demise. (Photo Illustration by Tim Boyle/Getty Images)

Trump Halts Treasury Penny Production To Cut Waste, As The Process Costs More Than What The Coins Are Worth

President Donald Trump announced on Sunday that the U.S. The Treasury will stop producing pennies as the production costs more to make than it’s worth.

: U.S. President-elect Donald Trump's nominee for Office of Management and Budget Director Russell Vought appears during a Senate Homeland Security and Governmental Affairs confirmation hearing on Capitol Hill on January 15, 2025 in Washington, DC. If confirmed as director, Vought is poised to play a pivotal role in implementing a plan to reduce both the size of the federal government and federal spending. (Photo by Andrew Harnik/Getty Images)

White House Budget Director Orders To Pause CFPB Funding

Head of the US Consumer Financial Protection Bureau (CFPB) Russell Vought has ordered staff to pause their activity.

Construction workers install windows on a nearly completed office building in San Diego, California, U.S., October 9, 2024. REUTERS/Mike Blake/File Photo

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.