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,…
Stocks Set for Mixed Open, OPEC+ to Pause Hikes: Markets Wrap – Bloomberg.com
Stocks Set for Mixed Open, OPEC+ to Pause Hikes: Markets Wrap Bloomberg.comStock market today: Dow, S&P 500, Nasdaq futures…
Fed’s Loss of ADP Labor Statistics Adds to Data Vacuum
The Federal Reserve is no longer receiving data on private-sector employment from an independent provider, adding to policymakers’…
US Fed Inflation Metric to Ease as Focus Shifts to Jobs Market
The Federal Reserve’s preferred gauge of underlying inflation likely grew at a slower pace last month, offering policymakers…
Dollar (USD) Rises Most in Two Weeks as Fed Seen as Being Less Dovish
The dollar strengthened against all of its major peers as investors interpreted the Federal Reserve’s policy outlook as…
Fed Cuts Rates Quarter Point, Signals Labor Market Concerns
Federal Reserve officials lowered their benchmark interest rate by a quarter percentage point and penciled in two more…
Bond Traders Boost Bets on Half-Point Fed Rate Cuts by Year-End
Bond traders are stepping up options wagers that the Federal Reserve will deliver at least one half-point interest-rate…
Fed Rate Cut to Mark Pivot Toward Job Market: Decision-Day Guide
Federal Reserve officials are expected to backstop a faltering US labor market by lowering interest rates Wednesday, marking…