‘No hire’ job market leaves unemployed in limbo as threats to economy multiply
WASHINGTON (AP) — When Carly Kaprive left a job in Kansas City and moved to Chicago a year…
US Consumers See Worse Job Market, Muted Inflation in Fed Survey
Americans’ perceptions of the job market worsened in October while their expectations for inflation edged lower, according to…
US Consumer Sentiment Declines to Near Lowest on Record
US consumer sentiment tumbled to near the lowest on record as the government shutdown weighed on the economic…
US Economy at Risk of Weakening With Growing Gap Between Rich and Poor
The surprising resilience of the US economy this year is masking underlying weakness among low- and middle-income households,…
Treasuries Slump as Supply Outlook Compounds Anxiety About Fed
Treasuries slid after the US government signaled that larger auction sizes are on the horizon, while signs of…
US Services Activity Expands at Fastest Pace in Eight Months
US services activity expanded in October at the fastest pace in eight months on a swift upturn in…
Job openings have plunged 32% since ChatGPT’s debut—now, $35K healthcare work is one career option left for Gen Z, according to a Stanford study
For months, leaders from Ford CEO Jim Farley to the Federal Reserve Chair Jerome Powell have sounded the…
Fed’s Cook Says Risk to Labor Market Outweighs Inflation Risk
Federal Reserve Governor Lisa Cook said she sees the risk of further labor-market weakness as greater than the…
A Few More Thoughts on the Labor Market
Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes…
Powell says that, unlike the dotcom boom, AI spending isn’t a bubble: ‘I won’t go into particular names, but they actually have earnings’
“I won’t go into particular names,” Powell told reporters after the Fed’s policy meeting, “but they actually have…
Powell cuts rates in the dark in historic move, with no jobs data and Trump heckling from abroad
The Federal Reserve lowered its benchmark interest rate by a quarter of a percentage point on Wednesday, a…
Federal Reserve cuts key rate yet Powell says future reductions are not locked in
WASHINGTON (AP) — The Federal Reserve cut its key interest rate Wednesday for a second time this year…